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Family Business and Social Capital

Edited by Ritch L. Sorenson

The chapters in this cutting edge book comprise scholarly work on social capital in family business along with chapters written by family business owners and advisors. Topics covered include social capital as it relates to governance, trust, family and business identity, communication, family councils, work–family balance, and the use of advisors and continuing education to build social capital. Novel in its approach of integrating the voices of scholars, business families, and advisors, this book is useful not only for business research and classroom use, but also for business families and their advisors.
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Chapter 13: Our family enterprise

Terry McEnaney

Extract

In Chapter 12, Rothausen and Sorenson suggest that family businesses can consider both business and family goals in their approach to business. Our family business does place importance on both the family and the business. Thus, our family business can be classified as a family enterprise business – one that seeks to use the business in a variety of ways to meet both business and family goals. Much of our approach is developed around the family point of view, to develop the family and meet its needs. I illustrate with an overview of our family business.

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