Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7423409 | Business Horizons | 2017 | 9 Pages |
Abstract
One of the main challenges facing family firms is achieving fairness between family and non-family employees in the workplace. Family and non-family employees have the potential to offer unique and distinct contributions to the firm, which makes the achievement of fairness between them messy and complicated. Hence, two interesting questions are worth exploring: Given the complex nature of the family business human capital, how can family firms achieve fairness between family and non-family employees? Why should family business decision makers and advisors promote fair practices in the family business workplace? We first introduce a fair process model as a possible solution for family businesses to achieve fairness between family and non-family employees. Then, based on several examples and studies, we show that family business owners can benefit significantly from promoting fairness in the workplace both in terms of preserving business reputation and in terms of achieving long-term family business survival and success.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Business and International Management
Authors
Georges Samara, Daniel Arenas,