Profile of family business in Republic of Moldova
The current national and international economic environments have the hallmark of a high degree of uncertainty and are characterized by significant fluctuations under the influence of various factors. Thus, business sustainability becomes more sensitive to these influences, regardless of the busi...
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| Format: | Article |
| Language: | English |
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THOT Publishing House
2020-11-01
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| Series: | Journal of Research and Innovation for Sustainable Society |
| Subjects: | |
| Online Access: | http://jriss.4ader.ro/pdf/2020-02/17_article_ec.pdf |
| Summary: | The current national and international economic environments have the hallmark of a
high degree of uncertainty and are characterized by significant fluctuations under the influence
of various factors. Thus, business sustainability becomes more sensitive to these influences,
regardless of the business model applied. The results of multiple research and analysis of family
business at the international level show that this type of entrepreneurial activity is sustainable
and efficient from several points of view, contributing not only to the economic growth of the
country of origin but also at international level. Since in the Republic of Moldova the
entrepreneurial activity has been practiced for about 30 years, we found that, until now, the
family businesses have not been analyzed as a separate segment and their specific features have
not been identified. Through this research we intended to perform a scan of family businesses in
order to identify their profile in the context of the existing business environment. The study
carried out allowed us to establish the Portrait of family businesses in the Republic of Moldova,
to find some common ground and differences between family businesses in both developed and
developing countries. The results of the study can serve as grounds for other more in-depth and
specific research, and for decision makers as support in developing and implementing policies
and support tools for the development of this important segment of entrepreneurship. |
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| ISSN: | 2668-0416 2668-0416 |