Managing Excessive Entitlement in Support of Family Business Longevity
Family members feel entitled to family wealth because of various reasons. Some claim that they deserve part of the wealth since they are members of the family. Others assert that they earned rights to the wealth through hard work, while still others argue that they deserve part of the family wealth...
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| Format: | text |
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Animo Repository
2015
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| Online Access: | https://animorepository.dlsu.edu.ph/res_aki/162 https://animorepository.dlsu.edu.ph/context/res_aki/article/1144/viewcontent/MANAGING_EXCESSIVE_ENTITLEMENT_IN_SUPPORT_OF_FAMILY_BUSINESS_LONGEVITY.pdf |
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| Institution: | De La Salle University |
| Summary: | Family members feel entitled to family wealth because of various reasons. Some claim that they deserve part of the wealth since they are members of the family. Others assert that they earned rights to the wealth through hard work, while still others argue that they deserve part of the family wealth because they are special. When family members do not get what they think they deserve based on their perceptions of entitlement, they declare that it is unfair. This becomes problematic when family members manifest their sense of entitlement in a dysfunctional manner. In a family business, this may result in business demise. |
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