Abstract
Family-owned businesses play a significant role in nations' economies worldwide. They have become an integral part of economic development by providing employment generation and wealth creation. However, the family-business image has been tarnished by issues such as the informal culture and structure, lack of professionalism, lack of planning and nepotism. It is evident that the majority of family-run businesses fail to survive beyond three generations. This hypothetical case study is about the issues faced by a family-owned hospitality business organization called the Raymond Hotel Company (RHC). The problems faced by the RHC are common among family-owned business firms that affect their survival and profitability. The case study will help students become familiar with issues related to professionalism and nepotism in managing a family-owned hospitality business.
| Original language | English |
|---|---|
| Title of host publication | Teaching Cases in Tourism, Hospitality and Events |
| Publisher | CABI International |
| Pages | 182-190 |
| Number of pages | 9 |
| ISBN (Electronic) | 9781800621022 |
| ISBN (Print) | 9781800621015 |
| DOIs | |
| Publication status | Published - 28-02-2023 |
All Science Journal Classification (ASJC) codes
- Economics, Econometrics and Finance(all)
- General Business,Management and Accounting
