Application Of A Unique Model To Build Up Succession Of Family Business In Practice

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Application of a Unique Model to Build Up Succession of Family Business in Practice

Niklas Kürten
Application of a Unique Model to Build Up Succession of Family Business in Practice Book PDF

Author : Niklas Kürten
Publisher : GRIN Verlag
Page : 29 pages
File Size : 41,5 Mb
Release : 2007-11
Category : Electronic
ISBN : 9783638854153

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Application of a Unique Model to Build Up Succession of Family Business in Practice by Niklas Kürten Pdf

Seminar paper from the year 2006 in the subject Business economics - Company formation, Business Plans, grade: 1,7, European Business School - International University Schlo Reichartshausen Oestrich-Winkel, 12 entries in the bibliography, language: English, abstract: Literature generally cites the low survival rate which family businesses face. Only 30 % of the companies further survive into the second generation, even only 15 % to 16 % into the third generation. Although many researchers see the most potential reason for this within the lack of adequate planning when company-owner hand over their businesses to offsprings or external managers, there exist various further reasons. In general, academics offer within their works a wide range of reasons, internal as well as external caused factors, which strongly influence the success of the succession within family businesses. Further, they developed several models and academic approaches to build up the process of succession and the mentioned different influences within holistic approaches of succession in family businesses to enable companies a successful handing over. Still, the situation in practice has not changed significantly since the current survival rate is steadily on a further low level. This could consequently reveal the hint of too little interaction between theory and practice respectively between academics and practitioners. Other branches showed the potential and the possible win-situations for both sides. Therefore, the research objective of this paper is to work out, to what extent a unique theoretical model is able to build up all relevant factors influencing the succession as an integrated process in theory to project this onto family businesses in practice and to provide solutions for succession within these companies.

Indigenous African Enterprise

Ogechi Adeola
Indigenous African Enterprise Book PDF

Author : Ogechi Adeola
Publisher : Emerald Group Publishing
Page : 211 pages
File Size : 45,9 Mb
Release : 2020-12-14
Category : Social Science
ISBN : 9781839090356

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Indigenous African Enterprise by Ogechi Adeola Pdf

This book examines an indigenous Africa-centric business model practised by the Igbos of south-eastern Nigeria for decades. The unique framework and rules of operation, collectively referred to as the Igbo-Traditional Business School (I-TBS) in this book, is underpinned by the ‘Igba-boi’ apprenticeship.

Crossroads Of Family Businesses In China: Succession And Transformation

Jean S K Lee,Anthea Yan Zhang
Crossroads Of Family Businesses In China Succession And Transformation Book PDF

Author : Jean S K Lee,Anthea Yan Zhang
Publisher : World Scientific
Page : 375 pages
File Size : 46,7 Mb
Release : 2021-06-08
Category : Business & Economics
ISBN : 9789811229428

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Crossroads Of Family Businesses In China: Succession And Transformation by Jean S K Lee,Anthea Yan Zhang Pdf

Crossroads of Family Businesses in China: Succession and Transformation studies the intergenerational succession in family-owned businesses, specifically in the Chinese mainland. With the succession of family businesses over time, transformation is required as it needs to correspond to the world's development to successfully sustain the company. There is a multitude of factors that play their roles accordingly to perform a prosperous accession.Hence, this book highlights common issues such as the challenges for both succession and transformation of the company, the interest of the second generation, introducing the second generation to the business before fully passing on, family culture and morale, the distinction between wealth inheritance and business succession, the unorthodox tradition of mother-to-daughter succession and opening management to professionals. These topics are substantiated by case studies of Chinese family businesses, such as Neoglory Group, Midea, Red Collar, Fotile and even more. The book offers theories, practices and models for strategic transformations during succession.Readers will be able to enjoy insights into a critical evaluation of the intersection between succession and transformation. They will also discover how the different methods of succession utilized by real-life Chinese family-owned businesses affect the businesses' performance. This book will be their first step in constructing a thought on this topic, while indulging in an incredible learning experience.

The SAGE Handbook of Family Business

Leif Melin,Mattias Nordqvist,Pramodita Sharma
The SAGE Handbook of Family Business Book PDF

Author : Leif Melin,Mattias Nordqvist,Pramodita Sharma
Publisher : SAGE
Page : 697 pages
File Size : 53,7 Mb
Release : 2013-11-15
Category : Business & Economics
ISBN : 9781446265932

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The SAGE Handbook of Family Business by Leif Melin,Mattias Nordqvist,Pramodita Sharma Pdf

The SAGE Handbook of Family Business captures the conceptual map and state-of-the-art thinking on family business - an area experiencing rapid global growth in research and education since the last three decades. Edited by the leading figures in family business studies, with contributions and editorial board support from the most prominent scholars in the field, this Handbook reflects on the development and current status of family enterprise research in terms of applied theories, methods, topics investigated, and perspectives on the field′s future. The SAGE Handbook of Family Business is divided into following six sections, allowing for ease of navigation while gaining a multi-dimensional perspective and understanding of the field. Part I: Theoretical perspectives in family business studies Part II: Major issues in family business studies Part III: Entrepreneurial and managerial aspects in family business studies Part IV: Behavioral and organizational aspects in family business studies Part V: Methods in use in family business studies Part VI: The future of the field of family business studies By including critical reflections and presenting possible alternative perspectives and theories, this Handbook contributes to the framing of future research on family enterprises around the world. It is an invaluable resource for current and future scholars interested in understanding the unique dynamics of family enterprises under the rubric of entrepreneurship, strategic management, organization theory, accounting, marketing or other related areas.

Succession Planning for Small and Family Businesses

William J. Rothwell,Robert K. Prescott
Succession Planning for Small and Family Businesses Book PDF

Author : William J. Rothwell,Robert K. Prescott
Publisher : CRC Press
Page : 187 pages
File Size : 53,6 Mb
Release : 2022-10-04
Category : Business & Economics
ISBN : 9781000728354

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Succession Planning for Small and Family Businesses by William J. Rothwell,Robert K. Prescott Pdf

Who will lead your organization into the future? Have you created the systems to properly implement required succession transitions? Have you put the financial tools in place to fund the transition? Do you want a plan that connects with your personal and company core values? When do you include timely planning related to strategy and talent issues? What are the appropriate communication strategies for sharing your plan? What legal issues need consideration related to the strategy, financial, and people aspects of succession? So, what is preventing you from starting this effort tomorrow? Small and family businesses are the bedrock of all businesses. More people are employed by small and family-owned businesses than by all multinational companies combined. Yet the research on small and family businesses is bleak: fewer than one-third of small business owners in the United States can afford to retire. Only 40% of small businesses have a workable disaster plan in case of the sudden death or disability of the owner, and only 42% of small businesses in the United States have a succession plan. Fewer than 11% of family-owned businesses make it to the third generation beyond the founder. Lack of succession planning is the second most common reason for small business failure. Many organizations often wonder where to start and what to do. Succession Planning for Small and Family Businesses: Navigating Successful Transitions presents a comprehensive approach to guiding such efforts. Small and family-owned businesses rarely employ first-rate, well-qualified talent in human resources. More typically, business owners must be jacks-of-all-trades and serve as their own accountants, lawyers, business consultants, marketing experts, and HR wizards. Unfortunately, that does not always work well when business owners embark on planning for retirement or business exits. To help business owners avert problems, this book advises on some of the management, tax and financial, legal, and psychological issues that should be considered when planning retirement or other exits from the business. This comprehensive approach is unique when compared to the books, articles, and other literature that currently exist on the market. This book takes on a bold and integrated approach. Relevant research combined with the rich experiences of the authors connects this thorough, evidence-based approach to action-based approaches for the reader.

Project Management: Concepts, Methodologies, Tools, and Applications

Management Association, Information Resources
Project Management Concepts Methodologies Tools and Applications Book PDF

Author : Management Association, Information Resources
Publisher : IGI Global
Page : 2410 pages
File Size : 42,5 Mb
Release : 2016-06-09
Category : Business & Economics
ISBN : 9781522501978

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Project Management: Concepts, Methodologies, Tools, and Applications by Management Association, Information Resources Pdf

Organizations of all types are consistently working on new initiatives, product lines, or implementation of new workflows as a way to remain competitive in the modern business environment. No matter the type of project at hand, employing the best methods for effective execution and timely completion of the task at hand is essential to project success. Project Management: Concepts, Methodologies, Tools, and Applications presents the latest research and practical solutions for managing every stage of the project lifecycle. Emphasizing emerging concepts, real-world examples, and authoritative research on managing project workflows and measuring project success in both private and public sectors, this multi-volume reference work is a critical addition to academic, government, and corporate libraries. It is designed for use by project coordinators and managers, business executives, researchers, and graduate-level students interested in putting research-based solutions into practice for effective project management.

Effective Human Resources Management in Small and Medium Enterprises: Global Perspectives

Machado, Carolina
Effective Human Resources Management in Small and Medium Enterprises Global Perspectives Book PDF

Author : Machado, Carolina
Publisher : IGI Global
Page : 526 pages
File Size : 43,7 Mb
Release : 2013-11-30
Category : Business & Economics
ISBN : 9781466647329

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Effective Human Resources Management in Small and Medium Enterprises: Global Perspectives by Machado, Carolina Pdf

"This book addresses the issues of HRM in SMEs by providing a channel of communication to disseminate knowledge; including management philosophies, culture, and management practices"--Provided by publisher.

Casebook of Indigenous Business Practices in Africa

Ogechi Adeola
Casebook of Indigenous Business Practices in Africa Book PDF

Author : Ogechi Adeola
Publisher : Emerald Group Publishing
Page : 289 pages
File Size : 49,9 Mb
Release : 2023-08-16
Category : Business & Economics
ISBN : 9781802622515

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Casebook of Indigenous Business Practices in Africa by Ogechi Adeola Pdf

Africa’s unique and diverse culture, embedded in age-long business practices, presents an interesting proposition for advancing indigenous knowledge and building sustainable structures. Casebook of Indigenous Business Practices in Africa is a collection of case studies across Northern, Eastern, Central, Western and Southern Africa.

Family Business Models

A. Gimeno,G. Baulenas,J. Coma-Cros
Family Business Models Book PDF

Author : A. Gimeno,G. Baulenas,J. Coma-Cros
Publisher : Springer
Page : 181 pages
File Size : 45,8 Mb
Release : 2010-05-13
Category : Business & Economics
ISBN : 9780230282148

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Family Business Models by A. Gimeno,G. Baulenas,J. Coma-Cros Pdf

An exceptional new work on family business, showing how to maintain a balanced relationship between the family and the company, and ensure satisfactory business results. This roadmap helps the reader to build better managed and more stable family firms.

Family Enterprises

Peter Leach
Family Enterprises Book PDF

Author : Peter Leach
Publisher : Profile Books
Page : 199 pages
File Size : 46,5 Mb
Release : 2016-01-21
Category : Business & Economics
ISBN : 9781782832065

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Family Enterprises by Peter Leach Pdf

Family firms are to be found in every sector of commercial activity. Commitment, family values and pride in the business are typically their special strengths, yet they also face major challenges in reconciling the needs of the business with those of the family. Drawing on the author's extensive experience of working with and advising some of the world's most successful business families, this new and updated edition of Family Enterprises: The Essentials explains the pitfalls, tensions and competing demands that destroy too many family businesses. These problems can be avoided, and Peter Leach reveals the techniques and strategies needed to do so. Running a successful family business is always a huge challenge, but this book offers real insight and guidance on how to keep both business and family united and buoyant.

Family Business Debates

Oscar Montiel,Salvatore Tomaselli,Argentina Soto Maciel
Family Business Debates Book PDF

Author : Oscar Montiel,Salvatore Tomaselli,Argentina Soto Maciel
Publisher : Emerald Group Publishing
Page : 263 pages
File Size : 40,6 Mb
Release : 2022-11-28
Category : Business & Economics
ISBN : 9781801176682

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Family Business Debates by Oscar Montiel,Salvatore Tomaselli,Argentina Soto Maciel Pdf

Family Business Debates provides a novel, ground-breaking approach to diverse and contemporary topics in current business management research, focusing on family enterprises to study both the positive and negative aspects of such commercial structures.

International Journal of Academe and Industry Research

Anonim
International Journal of Academe and Industry Research Book PDF

Author : Anonim
Publisher : Institute of Industry and Academic Research Incorporated
Page : 118 pages
File Size : 42,9 Mb
Release : 2022-03-31
Category : Business & Economics
ISBN : 8210379456XXX

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International Journal of Academe and Industry Research by Anonim Pdf

International Journal of Academe and Industry Research (IJAIR) is an open-access refereed journal focused on the two dimensions of business research: business education and applied industry research. The interconnectedness of the industry and academic institutions needs a platform that aligns their respective research needs. From the academic perspective, the business program management and the teaching and learning had been dramatically influenced by the industry trends and needs, collaborative approaches and internationalization. From there comes the indispensable role of the industry as they become partners to the academic institutions in producing quality workforce and entrepreneurs. Along these areas are the interesting topics for academic and industry researchers.

Succession in Asian Family Firms

S. Janjuha-Jivraj
Succession in Asian Family Firms Book PDF

Author : S. Janjuha-Jivraj
Publisher : Springer
Page : 150 pages
File Size : 44,5 Mb
Release : 2005-11-30
Category : Social Science
ISBN : 9780230510975

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Succession in Asian Family Firms by S. Janjuha-Jivraj Pdf

Succession in Asian Family Firms examines the history and survival of family businesses in the South Asian Diaspora from an international perspective. The book presents unique research across three continents, focusing on significant communities in the UK, USA and Kenya. The book analyzes the influences on both the start up and survival of family firms, exploring how family members negotiate their working practices. The discussion provides a new perspective on issues central to the debate on family business succession whilst developing ideas on less familiar areas such as the role and influence of women through different cultural contexts.

Performance and Behavior of Family Firms

Esra Memili
Performance and Behavior of Family Firms Book PDF

Author : Esra Memili
Publisher : MDPI
Page : 174 pages
File Size : 52,7 Mb
Release : 2018-03-23
Category : Electronic book
ISBN : 9783038427810

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Performance and Behavior of Family Firms by Esra Memili Pdf

This book is a printed edition of the Special Issue "Performance and Behavior of Family Firms" that was published in IJFS

Family Capitalism

Gry Osnes
Family Capitalism Book PDF

Author : Gry Osnes
Publisher : Routledge
Page : 345 pages
File Size : 45,7 Mb
Release : 2016-11-03
Category : Business & Economics
ISBN : 9781315444185

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Family Capitalism by Gry Osnes Pdf

In most countries family businesses make up between 50 - 95% of business entities. Families control 30% of the Fortune 500 companies. These owners and their businesses are often an important part of the social fabric in local communities, and increasingly the international economy. Despite this, Family Capitalism, or ownership, has been seen as synonymous with stagnation, conflict and crises. The authors focus on how family owners avoids these pitfalls, and how emotional resources develop strategizing capacities. The book explores how successful family businesses innovate and create Visionary Ownership, and implement it. Two crucial leadership capacities are introduced; Leadership of Paradox and Distributed Leadership. A renewed understanding of family businesses show how the family can generate unique strategic advantages in stewardship, succession, long-term thinking, risk management and building social capital. It shows a different perspective regarding value creation in the economy. The book provides new insights for family owners, advisors, leaders as well as scholars. The findings are from a best-practice research project with cases from China, USA, Germany, Colombia, Israel, Tanzania, France and Sweden. Applying strategy-as-practice theory shows how family owners, across different cultures and sectors, use generic ownership strategies and experiment, such as with cluster ownership and creating new ventures in succession.