ABSTRACT

The family is a highly stable social institution. When families organize themselves to own assets together and to conduct business or engage in politics, education, science, social enterprise, religion, or the arts as a family, those organizations tend to look and act pretty much the same, all over the world. A family business is a profit-making enterprise intended to support the family, where two or more family members have ownership today, or where plans have been made for a founder to pass ownership to one or more family members. The family business is composed of owners, family members, and business employees. In the family enterprise stage, people recognize the importance of non-financial family resources and begin to use them more effectively in service of growing overall family wealth. At the heart of building a Quantum Machine is the work that the family organization leaders do to centerprise.