Efinitions and Typologies of the Family Business

In preparation for our first class please read the article posted under Course Documents titled: The Bind that Ties: Socioemotional Wealth Preservation in Family Firmsand answer the following questions (this is a graded assignment worth 5% of your grade. Please submit your answers via Safe Assignment:

1. Explain the concept of socioemotional wealth

2. Socioemotional wealth is a fundamental driver that helps explain a family firmas posture towards various managerial and/or strategic choices. Explain five of those.

Also, please read the article found in the Harvard Course packet (Coursepack link: