Lidija Stefanovska – Business Academy Smilevski – BAS Skopje, North Macedonia
Taip Jakupi – Business Academy Smilevski – BAS Skopje, North Macedonia

 

DOI: https://doi.org/10.31410/LIMEN.2020.201

 

6th International Scientific-Business Conference – LIMEN 2020 – Leadership, Innovation, Management and Economics: Integrated Politics of Research – CONFERENCE PROCEEDINGS, Online/virtual, November 26, 2020, published by the Association of Economists and Managers of the Balkans, Belgrade; Printed by: SKRIPTA International, Belgrade, ISBN 978-86-80194-39-4, ISSN 2683-6149, DOI: https://doi.org/10.31410/LIMEN.2020

 

Abstract

It is a fact that the family business is becoming increasingly interesting for researchers in the field of management. From here the initial basis for their special treatment is drawn, since their holistic treatment with other MSMEs still does not emphasize their uniqueness in many aspects. If the importance of these family businesses is supported by the fact that they participate with 70% in the GDP of Europe as well as the fact that they employ up to 60% of the labor force in Europe, then it is more than clear that the scientific community should pay much more attention to these businesses.
The paper aims to cover the biggest challenges and problems faced by family businesses, especially in terms of their management, inheritance, organizational communication and vision for their development, as segments where the biggest problems are observed.

 

Keywords

Management, Specifics.

 

References

Carney М., “Corporate governance and competitive advantage in family-controlled firms,” Entrepreneurship: Theory & Practice, vol. 29, no. 3, May 2005, p. 249–265;
Colli A., Rose M, Family Business, ch. 9, Jones G. and Zeitlin J. (eds.), Business History: Forms of Business Organization, Oxford University Press, 2008, UK, pp. 194-219;
Family owned business survey, (2014), Family Owned Business Institute, Seidman College of Business, pp.7 – 22;
Kruzhich, D., Bulog, I., Family Businesses-life cycles, inheritance and sustainability, Faculty of Economy Split, 2012, p. 198., adapted from Poposka K., Stancheva Gigov I. and associates, (2018), Family Businesses-situations, practices and perspectives, Institute of Economy Skopje, UKIM Skopje;
Schwass Ј , “Family Businesses: Successes and Failures,” IMD Global Family Business Center website, www.imd.org/uupload/IMD.WebSite/MicroSites/familybusiness/pdfs/Family%20Businesses%20%20Successes%20an d%20Failures.pdf; Vadnjal J., (2020), Family Businesses, Key Entrepreneurship Model-What next? Training materials, Entrepreneurship Support Agency of the Republic of North Macedonia; Westhead P., and Cowling М., “Family firm research: The need for a methodological rethink,” Entrepreneurship Theory & Practice, vol. 23, 1998, p. 31–56;
Harvey М., Evans R.: Family business and multiple levels of conflict Family business review, Vol.7, No.4, Winter 1994, p. 335; Shuklev B., (2006), Small Business Management, UKIM, Faculty of Economy Skopje, p 142;
Internet sources:
https://biznisinfo.mk/semeen-biznis-koi-se-prednosti-i-nedostatoci/ https://faktor.mk/nauchete-kako-smejniot-biznis-sozdava-bogatstvo

 

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