Danos Valuations LLC: A Case Study

The question of whether CEO in the family-owned company plays such a crucial role in the case of employee satisfaction has been considered for a long time. Hence, for a master’s thesis has been chosen such theme: An investigation on factors affecting satisfaction of employees with special reference to family-owned company - Danos Valuations LLC.

The master thesis paper was based on the theoretical background of the research.

Family firms - from small local shops and millions of small and medium-sized enterprises (which are the backbone for majority of economies) to multinational companies-giants such as Swatch, Samsung and the BMW, - have always played an important role in stimulating economic growth. Despite the fact that in the second half

The company “Danos Valuations LLC” is at the second stage of its development, the second generation is at the management board. On this stage is particularly important to maintain team work and harmony, sustain family ownership and succession to lead to job satisfaction for employees and company prosperity overall.

The company was established in 1968 and has been well known in Cyprus and abroad. But the problems (high employee turnover, decrease in profit) in the company began with economy crisis in 2008. The problems still exists until nowadays, but as a main barrier on the way to success of the company seems to be is the need to improve an internal environment in the firm. It is relevant to research what specifically are the factors and the reasons that affect employee satisfaction, and what can be the best approach to reach high level of job satisfaction.

The author’s interest in such research is the fact that the number of family-owned businesses (FOB) is rapidly increasing and the issue of employee’s satisfaction (ES) is a common matter in such type of

It is the final stage for determination of the parameters (variables) which are necessary to complete the description. When the clear descriptive category are identified, it is easier to go to a simple measuring procedure - counting.

To understand the concept of Job satisfaction and family-owned businesses was undertaken a theory analysis: notions, theories, approaches, employee engagement and employee motivation in concept of job satisfaction; and later collected information was used in and adapted to the analysis of the company “Danos Valuations LLC”.

As to the secondary data, were used the following data:

Internal: Cyprus and Real Estate Sector records- statistics, company’s publications. External: scientific publications, annual reports, database sources (CYstat), Internet, previous researches on the satisfaction in family businesses.

During the research, must be considered: methodology, objectives of the purpose for which data were collected, the content of the data, dependability of the