(E-BOOK) Successful Family Business: Dynamics of Five Filipino Business Families

FAMILY CORPORATIONS TODAY account for a significant volume of industry. As in any other type of business, a family business experiences problems of profit generation, asset acquisition, and employer-employee relations. Certain issues are, however, inherent to family-owned businesses, and research done by the Asian Institute of Management (AIM) has identified three especially pertinent areas: balancing familial with professional expertise, choosing a successor, and solving inheritance problems (Quintos 1992).