THE CONCEPT OF THE BUSINESS MODEL OF THE FAMILY BUSINESSES
THE CONCEPT OF THE BUSINESS MODEL OF THE FAMILY BUSINESSES

Summary/Abstract: The article examines the issue of business models of family businesses. The family businesses are specific entities that combine family relationships with the logic of conducting business. The subject of the business models of the family businesses is rarely undertaken in scientific research. Based on a review of literature and her own research, the author concludes that the business models used to describe methods of conducting non-family businesses, have a limited ability to explain business behaviour of the family businesses. The business model that would be able to characterize the business behaviour of family businesses should consider the specific characteristics of those entities arising from the interaction of family system and the enterprise system. The author proposes her own concept of the business model that can be used to describe the method of doing business by family businesses.

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