family business

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Noun1.family business - a corporation that is entirely owned by the members of a single familyfamily business - a corporation that is entirely owned by the members of a single family
close corporation, closed corporation, private corporation, privately held corporation - a corporation owned by a few people; shares have no public market
References in periodicals archive ?
While the majority of family businesses are targeting growth over the next two years, 78 per cent are concerned by the economic environment, said the 2019 Middle East Family Business Survey from professional services firm PwC.
Corruption is slowing growth of family businesses in Kenya, the latest survey by PriceWaterhouse Coopers has revealed.
He said the conference brings together family businesses at a platform that inspires and enlightens business members.
Part of the key to the success of family businesses that family firms are not answerable to external shareholders, they have the freedom to make quick decisions and are nimble to react to change, with the ability to innovate as necessary to keep the business relevant - not just for today but for future generations.
This partnership will help develop a framework for learning and will also promote Management education within family businesses and small and medium enterprises.
Huma Baqai shared a roadmap for the success of family businesses. She emphasized on the need for family businesses to tackle HR challenges and to have an outward focus.
FAMILY businesses account for two jobs in five in the UK private sector and account for almost a quarter of UK GDP.
PwC Middle East in collaboration with Entrepreneurs Organization (EO) Jordan held a workshop on 20 June 2018 in Amman, discussing how can Family Businesses achieve sustainability.
"Macsween is like most other family businesses and has had its own strife, whether it was divorce, death or family conflict," Macsween says.
"It is critical that family businesses plan for the future strategically, and make sure they take adequate time to incorporate governance and legal structure that best fits their family business succession plan, unique family dynamics and goals."
"I think technology challenges in family businesses will be the same as in any industry, be it family or non-family.