The role of the family constitution in sustainability of family businesses and an evaluation in light of implementation problems

Abstract

The family constitution is a tool used to maintain the sustainability of family businesses. It contributes to the management of the business on a corporate principles basis while preserving the family unity. The current study examines problems observed during the process of adoption of a family constitution in four different organizations which operate in different sectors, evaluates the solutions to these problems and offers suggestions related to the implementation process.