Introduction
Family businesses are an important part of economic development and prosperity. Many people have established family enterprises in order to experience economic growth. However, the management of family businesses is not easy. Businesses owned by members who share family relations are very challenging to manage. Apart from the business issues that arise from time to time, there are family issues as well. Some of the most striking challenges in running family businesses include succession disputes, family conflicts, gender disputes in the management position, financial weaknesses, mismanagement, work relationship among others (Davis). It is important to keep i9n mind that ...
