Reading: Family-owned businesses can come with a unique set of considerations. Family members who work with each other must also consider their familial relationships, which can complicate issues that may be more straightforward in a non-family-owned business. As an OD consultant, it is imperative that you understand and are sensitive to the roles that family members may play in supporting the organization. You should also gain an understanding of family systems theory.
In this Assignment you will examine the similarities and differences between family-owned and non-family-owned businesses and how these differences may influence your ability to understand organizational issues.
To prepare:
Watch the video about family-owned businesses titled Family Businesses Are Here to Stay, and Thrive. Consider the similarities and differences between family owned businesses and traditional (non-family owned) businesses.
Video: TED Institute. (2015, September 4).Vikram Bhalla: Family businesses are here to stay, and thriveLinks to an external site. [Video]. YouTube. https://youtu.be/suL-HkP-2Ts
Submit a 2- to 3- page paper written in APA format and style, that discusses the following:
The similarities and differences of making informed assessment in traditional (non-family owned) and family-owned businesses (FOBs)
Factors within family-owned businesses that are different from traditional businesses, and how these could impact the OD’s ability to effectively assess and evaluate issues
The role of family systems theory in consulting for FOBs
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