A Research Model of Sustainable Family Businesses

Abstract

This paper proposes a research model that outlines the determinants of functional families and profitable businesses—requisites for family business sustainability. Two features distinguish the model from previous models: inclusion of the family in the same detail as the business and emphasis on the key features of family and business. Delineation of the interface between the family and the business permits the use of research methods that allow for variable degrees of overlap of family and business rather than assuming that family businesses constitute either a single system or two separate systems. The research model is also compatible with a variety of theoretical perspectives.