What is a Family Enterprise
A family enterprise is a family-owned business or a group of businesses that are managed by multiple family members across generations. These enterprises often focus on long-term growth, sustainability, and preserving family values and legacy.
Characteristics of Family Enterprises
Family enterprises typically exhibit characteristics such as strong family involvement in management, a focus on succession planning, and a commitment to maintaining family unity and governance. They may also prioritize social responsibility and community engagement.
