A Case for Family-Owned Businesses: Celebrating Nepotism is Necessary

Nepotism is defined as “the practice of showing favoritism toward one’s family members or friends in economic or employment terms, for example, granting jobs to friends and relatives […]” (Bork). Although this act is prevalent within the workplace, it is often regarded as unethical due to the advantage that nepotism beneficiaries have over other job candidates who may be more or less qualified than them. However, in a family-owned business, described as “any business in which two or more family members are involved and the majority of ownership or control lies within a family” (Inc…