Modern Perspectives in Economics, Business and Management Vol. 10

Abstract

The dynamic changes of the socio-economic environments require an increased resilience for maintaining but also developing the business regardless of the size and models used. As family business is one of the business models practiced in most countries of the world, there are various results recorded during their activity. 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.