Sebastian Dominic Von Buch

Family Businesses: Family Influence, Tmts Behavioral Integration Andfirm Performance in German Small- and Medium-sizedfamily Businesses Sebastian Dominic Von Buch

Family businesses are complex entities with specificchallenges. They must achieve a difficult equilibriumbetween the business world and the family world,making sure that they address the issues of eachwithout neglecting the other. Family businessesrepresent the most prevalent form of businessesaround the world and build the backbone of mosteconomies. Even though there is growing awarenessamong public policy makers, as well as businesses andacademics, family business research is still in apreparadigmatic stage and remains fragmented in focusand findings. This book reviews the existingliterature and argues that there is a lack ofresearch which specifically looks at the TopManagement Team (TMT) in family firms and how familyinvolvement within this team affects the performanceof the firm. This book should be especially useful to familybusiness owners, family members and managers as wellas business consultants.