EFFECTS OF NEPOTISM AND FAMILY OWNED BUSINESS: A CONCEPTUAL STUDY

Abstract

The purpose of this study is to shed light on the numerous ways in which nepotism affects family-owned 
businesses. For example, it explains how the use of nepotism in human resource operations has a 
negative impact on corporate development and the ability to carry out tasks, utilising a conceptual 
framework. It also brings to light the phenomenon of people voluntarily leaving their jobs because of 
family ties and the history of a family-owned firm.