Introduction:
Family-owned businesses are the backbone of the economy as they create wealth, provide jobs, are locally rooted and connected to communities. They seem to be around for long period of time. From historical view point, keeping in mind the evolutionary reasons, most countries have family businesses constituting the largest category in terms of ownership; estimates do vary, but is above 75 percent in all cases. About one third of the companies listed in Fortune 500 are family businesses (Lee 2004). Since they normally do not have short term orientation and are interested in growing the family wealth with necessary precautions with a different set of strategic goals compared to non-family owned private companies, (Ward, 1987), their long term contribution to economy is significant. This is true with the Indian economy too. Families are united over generations by their vision, values and emotional bondage. There is growing realization that families have a social role to fulfil and be responsible for specific activities including community development through charity (Gallo, 2004). However, long term sustenance of family business depends on its smooth survival across generations.
Review of Literature:
Currently, family-business research is largely descriptive rather than prescriptive. Most of the literature that has taken a prescriptive approach has done so from the perspective of how to improve family relationships rather than business performance. Dyer (1988)
Canopy Powers Family Owned Businesses in North America
Family owned business account for 90% of all businesses in North America. They generate over 50% of the United States Gross National Product (GNP), and make up over 60% of the total US employment. Aspen System’s is a family business and has many family members. The majority of its customers are also family owned businesses.
Aspen Systems oldest customer, Tarantino Wholesale Food Distributors in San Diego, California is also a family business.
Before industrial tycoons rose to power, many small firms and businesses composed the American economy, with competition balancing powers and avoiding an individual company
The breadwinner-homemaker family, the norm since the dawn of the Industrial Revolution in the 19th century, is being replaced by a new norm of diversity” (Schulte). Family life in the 1950s is one of the most looked back upon generations, because it was so closely following the second World War, and was the beginning of the Baby Boomer generation. Because a lot of the soldiers were returning from the war to their wives to have children, the
Mother and the little boy have become self sufficient as a result of Fathers travels. Not only has she taken on the responsibility of being the sole parent, but she also has to run Father’s business. She “could now speak crisply of such matters was unit cost, inventory and advertising. She had assumed executive responsibilities” (112). Mother’s new found business knowledge makes her feel empowered as a woman.
Family theories have been used throughout the history of nursing to help guide patient care and provide the best patient outcomes. Certain theories may be more applicable to the specific patient encounter; however, each theory has benefits and drawbacks to their use. The purpose of this paper is to examine two selected theories, comparing their strengths and weaknesses. I will also discuss a theoretical family in relation to one theory, and how that theory can be best integrated into the care provided by an Advanced Practice Nurse (APN).
Description of Theories
1) The Vega Food company case holds a rich content of family culture and dynamics that discuss the level of classiness in the complexity of the family–business relationship. The case discusses the various things that scheme against shareholder loyalty. Some of the following are: the need of growing families, the differing needs of financial decisions, the influence of the spouses, the instant fulfillment–shareholder value of Wall Street, the tendency for zero-sum dynamics in the absence of business growth, and the differences in a viewpoint across generations or the employment status in the firm. The main aim of Vega Food company insures to learn about the relationship within family, management, and ownership practices that go into making a loyalty tag amongst the shareholders and keep the family–business link healthy.
2) Relationships amongst members’ works as a significant factor in the key to success of any family business.
Families are said to constitute realities in which most of one’s attributes are constructed, based on the family interactions, beliefs, values as well as the behaviours that are seen in the specific families one is brought up into (Archer & McCarthy, 2007).
However, even though most of one’s personal characteristics may be heavily influenced by their families; people do have a sense of individuality that makes them unique from any other person in the family (Becvar & Becvar, 2013). Therefore, one may argue that it is these differences that may cause misunderstandings in families.
From this scenario, I have learned about systems theory as well as other psychological theories such attachment theory. Firstly, based on my research on “Family Systems Theory “(Murray B.) family systems theory suggest that an individual, in this case, Sinead, cannot be understood as an individual alone but instead as part of a family as a family is an emotional unit. Families in every aspect are systems of interdependent and interrelated individuals that cannot be understood if a single person is isolated and examined. Each member in the family, has a specific role to play and a set of rules in which they must follow. Maintaining a certain system in the family may lead to balance in the family but also to huge dysfunction.
Introduction
A famous film star, Katherine Hepburn once stated, “Death will be a great relief. No more interviews.” Even though Hepburn was probably interviewed too many times and asked many questions, most social workers must utilize the interview process to make assessments of their clients. An accurate assessment is critical and significant first step in the social work process.
Introduction
In this case study, it analyse how the concept of family has changed in the past 20 years as it will be depicting modern family forms and past norms. It is important to look at how families have developed throughout the years up until the 21st century as we compare the two and elaborate on the difference and what makes it so significant. In this case study, it contrast and compare the television series Modern family which is a 21st century concept of family and The Simpsons which was adapted 27 years ago and how things have changed with family dynamics and what is the norm now which was not the norm years ago.
This eventually hinder the success of organizational and employee goals and objectives. It is important that all generations work together in harmony to complete business
American Families Today
The American family has undergone many changes since the 1900’s. More so, in the past 40 years, the nuclear family seen dramatic changes and has been described as deteriorating. There has been a dramatic rise in divorce, single parent households and child poverty. Studies have shown that children growing up in poverty-stricken single parent households are more likely to be affected well into adulthood. While this is the case, people are also living longer, and families are accommodating this change by living with relatives allowing for more bonding time then in previous generations.
I believe that every family has their own roots, essence, uniqueness, beliefs and thoughts, some families have both parents, some just the mother, just the father, two mothers or two fathers, they might have an only child or two, or maybe 5 or even 10, therefore, those children start learning all these things from their family and surroundings, they ask questions, they imitate each other’s actions and are constantly learning and trying to catch as much information and experiences as possible. Children are growing fast, their parents are their role models, they learn mostly from them; parents have the tremendous job of forming good citizens that provide to society, healthy and happy beings that keep growing as humans in every stage of their
