- Collection:
- Atlanta University and Clark Atlanta University Theses and Dissertations
- Title:
- Management problems facing family businesses: a case study of the Mediterranean Trading Company, Inc., 1988
- Creator:
- Archibong, Peter Imeh
- Date of Original:
- 1988-07-01
- Subject:
- Degrees, Academic
Dissertations, Academic - Location:
- United States, Georgia, Fulton County, Atlanta, 33.749, -84.38798
- Medium:
- theses
- Type:
- Text
- Format:
- application/pdf
- Description:
- This paper examines some of the management problems facing the Mediterranean Trading Company (_MTC) . The sig�nificance of this study lies in the fact that family busi�nesses are the majority (99 percent) of the 16.9 million businesses in the United States, and they provide the greatest number of employment opportunities. Also, they account for 38 percent of the gross national product (GNP). This study underscores the importance of setting objectives, defining rules, describing duties, and planning for succes�sion for efficient operation of family businesses. Major findings of the study are as follows: first, the lack of identifying and implementing the company's objectives manifested in the form of employees losing a sense of direction because there is no planned, targeted and communicated line of activities that they carry out consistently. Second, the lack of clearly defined roles and job descriptions is plainly shown in the fora of fre-quent conflicts, duplication of duties, and other duties unperformed. Finally, the lack of a plan for succession manifested itself in the fora of an absence of awareness among the children of their responsibilities to the family business. Recommendations to address these problems are offered. The study employed the qualitative research methods of participant-observation and analysis of primary and secondary data sources.
- External Identifiers:
- Metadata URL:
- http://hdl.handle.net/20.500.12322/cau.td:1988_archibong_peter_imeh
- Rights Holder:
- Clark Atlanta University
- Holding Institution:
- Atlanta University Center Robert W. Woodruff Library
- Rights:
-
