Managing Excessive Entitlement in Support of Family Business Longevity

Added Title

DLSU-AKI Policy Brief Volume X, No. 1

Authors

Maria Andrea L. Santiago, De La Salle University, Manila

Document Type

Policy Brief

Publication Date

2015

Place of Publication

DLSU-Angelo King Institute, Room 223, LS building, 2401 Taft Avenue, Manila 0922

Abstract

Family members feel entitled to family wealth because of various reasons. Some claim that they deserve part of the wealth since they are members of the family. Others assert that they earned rights to the wealth through hard work, while still others argue that they deserve part of the family wealth because they are special. When family members do not get what they think they deserve based on their perceptions of entitlement, they declare that it is unfair. This becomes problematic when family members manifest their sense of entitlement in a dysfunctional manner. In a family business, this may result in business demise.

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Recommended Citation

Santiago, M. L. (2015). Managing Excessive Entitlement in Support of Family Business Longevity. Retrieved from https://animorepository.dlsu.edu.ph/res_aki/162

Disciplines

Entrepreneurial and Small Business Operations | Family, Life Course, and Society

Keywords

Family Business; Business; Economy; Entitlement; Wealth

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