Introduction
The fact that decision making in a family owned organization is greatly influenced by family members who can be linked to the company either by ownership or leadership makes the affairs of the organization quite complex. Family businesses have had quite a negative perception- squabble over inheritance, small or midsized and unprofessionalism. Well, this is a reality in some organization but not in any way a general description of family run businesses. Relationship between the family and organization comes with both good and bad. The world cannot ignore nor fail to appreciate the contribution to the economy. 30% of all companies have multigenerational ...