Optimizing growth and profitability: case studies of six Swedish family businesses

This thesis aims to study how Control Systems are used in Family Businesses. By exploring, describing and somewhat explaining Family Businesses objectives of Control Systems and their Implementation processes of Control Systems as well as how the organization is affected by Control Systems, achieves the overall purpose of the study. Six case studies were performed within Family Businesses and all studied companies originated from Sweden.

Three major findings where done in this research. First of all, family businesses have well developed objectives with finance function that exist within the classification areas. Secondly, family businesses are able to improve their organizational structure by utilizing company policies and procedural manuals. Thirdly, the engineering of the financial infrastructure is best optimized for cost efficiency by using hired financial professionals, instead of using in house employed personnel.

Author: Davermo, Andreas

Source: Lulea University of Technology

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