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Current Trends in Family Business in Slovakia and Europe

The submitted scientific paper deals with the characteristics of the family business, its types and legal forms of family business. We determined roles in family business and described them through a three-circle model. We also describe the individual advantages and disadvantages of the family business and also ways to eliminate the disadvantages and conflicts arising in this type of business. The research that we came out was implemented by company KPMG Slovensko spol. s r.o. The research was attended by 1,122 respondents from 26 European countries. Further, we drew attention to current trends in family business in Europe, including the Slovak Republic and current trends in Slovak family businesses too. At the end, we summarized the seven key pillars of the success of the family business.