What is Family Businesses

Family businesses have locomotive power in the economic life of countries. As a matter of fact, one of the main problems in family businesses is experienced in the management of human resources. In contrast to an institutional system in particular, favouritism on issues such as recruitment, promotion, etc. adversely affect the merit, fairness, and trust understandings of other professional internal stakeholders other than the favoured employee. The general perception of nepotism in family businesses and as stated in many studies in the literature is the favouritism of family members towards non-family professional workers. However, one issue that has not been emphasized in the literature is that the unqualified family member can also be favoured against another family member with expert knowledge. It is thought that the chapter will contribute to the literature in this regard. How a successful global family business was divided and destroyed as a result of nepotism practices has been dealt with as a case study.