Family ownership and control are still significant in the majority of business enterprises in the United States. A high percentage of these companies face special problems particularly related to corporate development and transition from an entrepreneurial to a professional management structure. In this paper, we describe a set of processes and mechanisms that define and regulate the interaction between the business and family system.
Bell, D., III. The Coming of Post-Industrial Society: A Venture in Social Forecasting. New York: Basic Books, 1973.
3.
Benson, J. K.“Organizations: A Dialectic View.”Administrative Science Quarterly, 1977, 22 (1).
4.
Crozier, M.The Bureaucratic Phenomenon. Chicago: University of Chicago Press, 1964.
5.
Emery, F. E., and Trist, E. L.“Sociotechnical Systems.” In Proceedings, Management Science Models, and Techniques. Vol. 2. 6th Annual International Meeting of the Institute of Management Science. Oxford: Pergamon Press, 1960.
6.
Galbraith, J. K.The New Industrial State. Boston: Houghton Mifflin, 1967.
7.
Hershon, S.“The Problems of Succession in Family Business.” Unpublished doctoral dissertation, Harvard University, 1975.
8.
Hickson, D. J., Hinings, C. R., Lee, C. A., Schnuck, R. E., and Dennings, J. M.“A Strategic Contingencies Theory of Intraorganizational Power.”Administrative Science Quarterly, 1974, 19, 22–44.
9.
Levinson, H.“Conflicts That Plague Family Business.”Harvard Business Review, March-April 1971, pp. 90–98.
10.
Pfeffer, J.“Size and Composition of Corporate Boards of Directors: The Organization and Its Environment.”Administrative Science Quarterly, 1972, 18, 349–364.
11.
Riesman, D.The Lonely Crowd. New Haven: Yale University Press, 1950.
