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The study of the family as a system and business is important for expanding the understanding of the specifics of family companies and their development strategies, management features and identifying factors that contribute to the growth and development. There is no single interpretation of the concept of "family business", this is due to the presence of different business models and types of organizations in this category. Family business as a study subject is considered in such areas of scientific knowledge as economics, psychology, strategic management, organizational behavior, sociology, as well as in other areas. The object of the study is family companies, the subject is socio-economic relations that develop in the process of managing family companies. The purpose of the study is to study the features of family business, as well as to identify socio-economic aspects of family business management. Based on the results of the study, the authors made some conclusions concerning the fact that in the management of a family company, success will depend on two key factors: management and the ability to cooperate. Effective management systems help to make optimal decisions and to solve emerging problems. At the moment, global and Russian trends in the categories of family entrepreneurship and family business have been identified. |