An academic has described how people will often get the wrong idea if an organisation is described as a family business. Professor Susan Hart, dean of Strathclyde Business School (SBS), told ft.com that such companies are often much larger than individuals expect, with a sphere of influence to match. She claimed that family businesses are traditionally treated as small firms, but as well as having the same issues as other large organisations, they have a selection of problems afflicting only them. Professor Hart explained that they must work out how to professionalise their operations, transfer family values and decide how ownership succession is to be handled. "Entrepreneurs tend to be runn

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