E. Hoover and C. Hoover (1999, 1-2) stated that family business was primarily that of relationships. It is a consensual opinion that relationships between family members remain the focal factor in the failure or success of family ventures. What do pose the biggest threat to the survival and success of family ventures in the long term are the relationships among chief players, such as family members, rather than the external environment or commercial ecosystem composed of competitors, clients, and technologies. According to Massachusetts Mutual Life Insurance Company (2012, 2), family enterprises are companies whose success depends on communication, trust, Continue reading...