HR issues and intervention model for family business

The study aims at identifying and analyzing Human Resource management problems in family business and to devise an intervention model for the HR issues. We can date back the origin of family business, to as old as, the human race. The family businesses have ruled the market in every economy. They are the largest wealth-creators too. The article tries to find out-Why is it so that though the family business makes the major chunk of the economy, but they are shortlived? Are there any Human resource management issues involved in this? What can be the HR interventions for this? The findings of study are that, majority of the family owned companies operate like extended family units. All decisions are centralized and taken behind closed doors and lack transparency. There is lack of communication. Challenges faced by family-owned business are different from the challenges faced by non-family business. When close relatives work together, emotions often interfere with business decisions.