A conference titled “The Dynamics of Family Businesses” was held at the Sabri Bektöre Conference Hall. The event was attended by the Head of the Department of International Trade and Finance, Prof. Dr. Fikret Yaman, as well as academic staff, business professionals, and students.
“Family businesses must be transferred from one generation to the next”
Speaking at the conference, Dr. Kemal Karayormuk, a faculty member of the Department of International Trade and Finance, emphasized the necessity of transferring family businesses from one generation to another. Stating that both a holding company and a small shop can be considered a family business, Karayormuk defined family firms as follows:
“Family businesses can be defined as enterprises in which one or more members of the same family hold the majority of voting rights and control the company, where the values, beliefs, and attitudes of the family—including the founders—have a significant influence on the business, and where family members predominantly take part in ownership and management structures.”
“Work and family are two psychological domains that must be kept separate”
Drawing attention to the fact that work and family represent two psychological life domains that should be separated, Karayormuk stated:
“It is very difficult to separate work and family. The most important factor determining the interaction between these two domains is the boundary between them. In order to understand boundary theory, some basic concepts need to be explained. These concepts include the work and family domains, the mechanisms that enable transitions between these domains, and the elements that protect the boundary.”
The conference concluded with Prof. Dr. Fikret Yaman presenting a certificate of appreciation to Dr. Kemal Karayormuk.
