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August 06, 2010

Inside Family Business, Behavior-wise

Some of my most valuable discoveries come while I’m looking for something else. Call it serendipity or call it dumb luck. If I want to locate my golf shoes on the first playable day of the fall, all I have to do is launch an intensive search for the December 1989 issue of National Geographic.

It happened again last week when I was doing some research for a book I’m writing. I was digging around for some thoughtful discourse on why families act the way they do when I came across an article in the scholarly journal Entrepreneurship Theory and Practice by Jess Chua, James Chrisman and Pramodita Sharma titled "Defining the Family Business by Behavior.†The authors make some points that are just too good to keep to myself.

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