As an Alternative Tool for the Sustainability of Family Businesses: Family Constitution/Family Protocol

The concept of sustainability in terms of management studies considers the ability of businesses to meet simultaneously the social, environmental, and economic goals of society nationally and globally in the long run. When the concept is considered in terms of family business sustainability, it refers to the transgenerational family business continuity as they have a critical role in the global economy by the volume of their operations, the employment opportunities they provide, and the tax revenues they provide for the governments. Therefore, the purpose of this study is to clarify the essence of family business sustainability and to identify the road map of family business sustainability by indicating basically the role of the family constitution/protocol and the moderating factors affecting family business sustainability like the role of the public authorities, family and non-family members, financial institutions and professional organizations as well.