Analysis of the Role of Family Business in the Czech Republic

Abstract

The purpose of this research paper is to analyze the phenomenon of family businesses in the Czech Republic, including the past and current situation, and the important effects that family businesses have on the local Czech economy, as well as the EU as a whole. The history of the Czech Republic is a complex one, and the nature of communist rule in the nation hindered the growth of many sectors, family entrepreneurship included. Since 1989, there has been significant growth in this sector, which has resulted in the business landscape of the present day, with all of its current complexities and limitations, some of which include challenges this inquiry seeks to provide solutions to. Therefore, this paper will move into discussing how other countries have implemented family business policies, and how these policies compare to those of the Czech Republic. Following, will be a policy analysis portion to assess if any of these policies would ameliorate the domain of family enterprise in the Czech Republic.