Current issues in family business management
Current issues in family business management

Summary/Abstract: Management takes an important place in the activity of enterprises, including the family ones. One of theimportant requirements for effective management of the family business is its good structure and focus onhigher business goals. Some of these goals are maximizing profits improvement of the strategy, job creation,qualification of staff and care for the interests of all shareholders and partners. In this regard, the objective ofthis article is to clarify the problems in the management of family business. Analysis and conclusions on theissue are based on data from a survey of 186 family businesses located in the Southwest Planning Region inBulgaria. Based on the analysis and evaluation of results the major problems and generalized conclusions areoutlined.

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