Simon A. Hershon's research while affiliated with Harvard Medical School and other places

Publication (1)

Article
Should a family business stay in the family? The question is really academic, since families appear to be in business to stay. But, when the management moves from one generation to the next, the transition is often far from orderly. In addition, as the company develops, there is a need for a management style that goes beyond survival thinking, and...

Citations

... Therefore, broader definitions have been developed and established in the literature. A common position shared by many scholars is the one that considers an FB as a company controlled by the members of a single family (Barry 1975) or the one in which an individual or multiple members of a single family have a controlling shareholding (Barnes and Hershon 1976). Another definition of FB is a profit-oriented business that can take the form of a sole proprietorship or a company in which the family, where the property is also held by external parties, has to be involved in management (Alcorn 1982). ...