Lived experiences in family business among business graduates of a private higher educational institution in Iloilo City

Abstract

This study sought to understand, and explore the answers to the questions on the lived experiences of business graduates when they joined and got involved in their family businesses, their involvements in their family firms, the success factors they have contributed, and the problems these business graduates have encountered when they got involved in their family businesses.

The general purpose of this study was to determine the lived experiences of business graduates of a private higher educational institution who joined their respective family businesses. Moreover, this phenomenological study intends to identify the problems they have encountered in getting involved in their family firm, describe their involvement in their family firm, and identify the success factors they have contributed since they joined the family organization.