Business Finance Homework Help
Business Finance Homework Help. DePaul University Critical Evaluation of A Family Business Discussion
An individual written report (using Microsoft Word, e.g. doc) in which you must:
1. identify and discuss the criteria (number 1 below) [a minimum of 3] that academics and others (number 2 below) use to assess the
relative success (number 3 below) (or health) of a family business.
2. discuss and justify how well your family business, or one with which you are familiar, matches up
to two [from the original selection of a minimum of 3] of these criteria.
1 Criteria: To know what “academics” think you should research academic literature to draw on criteria for assessment of success in family owned
businesses. Research peer-reviewed journal articles – search for the criteria used to measure or assess “success” in family owned businesses.
2 Others: You need to think about / research who else (apart from academics) is involved in assessing or measuring “success” in family owned businesses. As
a starting point the “others” might include customers, employees, shareholders, industry sector awards (Customer Service Awards, Corporate Social
Responsibility Awards), business journalists (Forbes, Harvard Business Review), business authors.
3
Success: What does success mean to your chosen business? It would be sensible to make sure you fully understand what “success” means to your chosen
business. What is the mission / vision of the business? What is the purpose of the business? What are the core values and aims of the business? It is highly
likely that the business itself will judge its “success” and/or “health” based on how well they achieve their stated purpose. Consider sociocultural measures
of success (reputation in local community, success in serving it etc).
In completing this research-based individual written assignment you will need to ensure that;
business or one with which you are familiar.
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