Homework: Assessment in Family-Owned Businesses (FOBs)
Family-owned businesses can come with a unique set of considerations. Family members who work with each other must also consider their familial relationships, which can complicate issues that may be more straightforward in a non-family-owned business. As an OD consultant, it is imperative that you understand and are sensitive to the roles that family members may play in supporting the organization. You should also gain an understanding of family systems theory.
In this Homework you will examine the similarities and differences between family-owned and non-family-owned businesses and how these differences may influence your ability to understand organizational issues.
To prepare:
Watch the video about family-owned businesses titled Family Businesses Are Here to Stay, and Thrive. Consider the similarities and differences between family owned businesses and traditional (non-family owned) businesses.
Submit a 2 to 3 pages paper written and style, that discusses the following:
1) The similarities and differences of making informed assessment in traditional (non-family owned) and family-owned businesses (FOBs)
2) Factors within family-owned businesses that are different from traditional businesses, and how these could impact the OD's ability to effectively assess and evaluate issues
3) The role of family systems theory in consulting for FOBs
Format your homework according to the following formatting requirements:
(1) The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
(2) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
(3) Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.