International Journal of Business and Social Science

ISSN 2219-1933 (Print), 2219-6021 (Online) DOI: 10.30845/ijbss

Managing a Family Business in a Complex Environment: The Case of Palestine
Dr. Samir Ahmad Abuznaid

Family businesses are so predominant worldwide. They are the engine that drives socioeconomic development and wealth creation. A family business is owned and managed by one or more family members who are actively engaged in the daily operations of the business. This research paper discusses the unique dynamics of Palestinian family business. The paper gives a better understanding of Palestinian family firms operating in an environment that is characterized by uncertainty, lack of stability and political risk. It is evident from the paper that there is competition between business and family. Palestinian business owners and or managers are working under internal and external pressures. The paper identifies the types of entrepreneurs in Palestine, pinpoints major characteristics, problems and challenges facing Palestinian entrepreneurs. It also provides Palestinian managers with major recommendations and best practices that are necessary for the success of family businesses and the enhancement of governance in this important sector in Palestine.

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