THE ROLE OF THE FAMILY CONSTITUTION IN SUSTAINABILITY OF FAMILY BUSINESSES AND AN EVALUATION IN LIGHT OF IMPLEMENTATION PROBLEMS
Cemal Yukselen¹, Ebru Yildiz²
Journal Title:Reserach Journal of Business and Management (RJBM)
The family constitution is a tool used to maintain the sustainability of family businesses. It contributes to the management of the business on a corporate principles basis while preserving the family unity. The current study examines problems observed during the process of adoption of a family constitution in four different organizations which operate in different sectors, evaluates the solutions to these problems and offers suggestions related to the implementation process.