The relationship between manager's characteristic leadership characteristics and institutions of family companies

Transformational leadership is at the forefront of the topics discussed and researched. Many types of leadership have been identified in the literature and their positive and negative aspects have been explained. To espouse of the most appropriate style of leadership is a crucial determinant of the future of the companies in terms of successful management and the development. The concepts of leadership and institutionalization differ in family companies. Since, the family members manage the family companies so it differentiates the company in many ways. Institutionalization has vital importance in the management of the family companies. The reason for this is the problem of institutionalization due to the structure of the family companies. The institutionalization factor that affects the permanence of family companies determines the system that must be established within the enterprise. In this thesis, the topics of leadership, family companies and institutionalization are explained and the leadership in the family companies and the institutionalization of the family companies are examined. In addition to this, the conditions that affect the permanency and the success of the family companies have been determined. Key Words: Transformational leadership, family companies, institutionalization, management.