Name: Sushama Chaudhary, Harshal Devare, Ibrahim Chaudhary & Shivani Tiwari
Country: India

Year: 2026
Volume: Volume-16, (March 2026) Special Issue: Business Collaboration in a VUCA World: Redefining Sustainable Organizational Growth
Page Number: 35-41
DOI: https://doi.org/10.5281/zenodo.20080515

ABSTRACT:
Family-owned enterprises play a significant role in economic development by contributing to employment generation, entrepreneurship, and long-term wealth creation. However, these businesses face unique sustainability and performance challenges arising from the intersection of family relationships and business management. The present study examines key performance issues in family-owned enterprises, focusing on decision-making conflicts, lack of professional management, resistance to change, and the impact of family involvement on operational efficiency and strategic performance. The research is based on both primary and secondary data. Primary data were collected from 100 respondents associated with family businesses using a structured questionnaire, while secondary data were obtained from journals,
reports, and academic sources. The findings reveal that internal conflicts, absence of professional management practices, and resistance to technological and organizational chan