VALUE-BASED FAMILY ENTERPRISE CULTURE: THEORY CONSTRUCTING FROM THE FAMILY PERSPECTIVE

This paper examines the major constituent parts of the value-based family enterprise culture from the family perspective. The use of the value-based approach and family perspective can be mainly explained by the cultural, historical, and socio-economic preconditions of the modern society. The elements, factors, and characteristics of the family enterprise culture are theoretically considered. The main contributions of this paper are the conceptualised principles of the family values’ continuity in family-owned enterprises, elements of familyowned enterprise culture, and concepts of the family business good and its constituents. In addition to the main results, this paper deals with the issues of social development, socioeconomic, historical, and cultural preconditions of the family enterprise culture.