Keep The Family Baggage Out Of The Family Business
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Keep the Family Baggage Out of the Family Business by Quentin J Fleming Pdf
Exploring both the psychological and practical underpinnings of family businesses, an experienced management consultant presents invaluable advice on minimizing conflicts and maximizing business success. Charts.
Author : Jose C. Casillas,Francisco J. Acedo,Ana M. Moreno Publisher : Edward Elgar Publishing Page : 360 pages File Size : 43,9 Mb Release : 2007-01-01 Category : Business & Economics ISBN : 1781956448
International Entrepreneurship in Family Businesses by Jose C. Casillas,Francisco J. Acedo,Ana M. Moreno Pdf
Many of the large multinational firms that dominate world markets were family firms, and many of them continue to be. This title shows that family firms have always been active agents in the global economy. It features practical examples and case studies of multinational family firms.
This book, authored by three-time National Book Award winner Jim V. Lopez, helps unveil the answers to the nagging conundrum: Why do most family businesses experience a meltdown once they reach the third generation? Family Business Law Declassified: How to Beat the Third-Generation Curse reveals numerous traps that cause family businesses to falter and eventually sink into the cesspool of irrelevance and insolvency. It also offers best practices and countervailing measures to cushion the impact of the “Buddenbrooks Phenomenon,” thus helping family businesses transcend the obstacles associated with the third generation.
Understanding Family Businesses by ALAN CARSRUD,Malin Brännback Pdf
Businesses owned and operated by families constitute the vast majority of firms around the world. These firms are found in all industrial segments, from retail and service establishments to heavy manufacturers. Their sizes and revenues range from the smallest venture of a husband and wife roadside food stall in rural India to the largest multinational, highly diversified corporations in the United States and Europe. Many challenges, such as competition, regulation, environmental concerns, access to capital, and macroeconomic factors confront family and nonfamily firms alike. In addition, family and closely-held firms grapple with such issues of succession, continuity, conflict resolution, identity and organizational roles, estate and financial planning that are idiosyncratic to them; when psychological, social, and emotional factors are in play, constantly changing familial relationships influence the strategic and financial choices they make. Yet, there has been comparatively little theoretical or empirical research undertaken on family firms, relative to entrepreneurship and strategic management. This book addresses gaps in the literature by presenting a holistic, multi-disciplinary approach to the study and practice of family business that draws from such fields as psychology, anthropology, sociology, strategy, family therapy, family studies, wealth management, and international business. An international array of experts addresses both macro issues (including the role of family businesses in new business creation and economic development, influences of culture on family business, public policies that can encourage or threaten family business) and firm management (strategic and financial decision making, governance, entering and exiting). Featuring case studies from firms in a variety of industries, Understanding Family Businesses not only offers provocative new insights on family business dynamics, but outlines an agenda for future research.
Reputation Management and Family Business by Zdzisława Dacko-Pikiewicz Pdf
Corporate reputation is important in gaining long-term competitive advantage and building company value. Thus, the author points out the need to manage reputation, which, due to its complex nature and multidimensional character, is a serious and difficult challenge. The author develops a strategic model for family business reputation management. The book presents the review, systematization and synthesis of views on the notion of reputation and its role in building company value, the determinants of reputation; the identification of the characteristics and distinguishing factors of family businesses, areas of reputation building and resources involved in family business reputation building processes; and the description of determinants, components and processes in the field of corporate reputation management, and the identification of key links between them. It also identifies the key elements of the concept of family business reputation management and the relationship between them and practical recommendations for the use of reputation management concepts in improving the functioning of family businesses. The developed model can undoubtedly be seen as a pioneering contribution to research into the competitiveness of enterprises. The book will therefore be useful to researchers, students and managers who are interested in decision-making in family businesses, entrepreneurship and small business management, and leadership studies.
Handbook of Research on Family Business by Panikkos Poutziouris,Kosmas Smyrnios,Sanjay Goel Pdf
'This is a very business-like book in its approach. It has an impressive global reach in its authorship, focal areas and use of evidence; it hits all the major practical challenges of family firms in a spirit that is fresh and current; and it deals with the cutting-edge themes and issues that are uppermost in the minds of owners, executives, advisors and researchers in the field.' – Nigel Nicholson, London Business School, author, Managing the Human Animal, Family Wars and The 'I' of Leadership Acclaim for the first edition: 'The authors have taken a lot of pain in putting this handbook together. As the name indicates, this is an excellent handbook for researchers.' – Global Business Review 'The Handbook of Research on Family Business has collected and synthesized a broad variety of topics by notable researchers who share a common dedication to family business research. This Handbook provides a comprehensive treatment that advances the frontiers of knowledge in family business, provoking valuable thoughts and discussion. The Handbook will serve as both an authoritative and comprehensive reference work for researchers investigating family enterprises.' – A. Bakr Ibrahim, Concordia University, Montreal, Canada 'Although family business research is a young discipline it is both necessary and important. For the wellbeing and future development of our society the survival of prosperous and passionate family business entrepreneurs is indispensable. In order to help the families in business to better understand how to succeed with their enterprises we need qualified and updated research. This book is the answer!' – Hans-Jacob Bonnier, Bonnier Business Press Group, Sweden and 6th Generation Chairman of the Family Business Network – International 'This Handbook is a unique compilation of the most important and the best recent family business research. The field has grown so rapidly that this effort will be a mark for the research to follow. The Handbook of Research on Family Business will be the reference for scholars in family business for many years to come. It will also stimulate new ideas in research.' – John L. Ward, IMD, Switzerland and Northwestern University, US During the previous decade, the multi-disciplinary field of family business has advanced significantly in terms of advances in theory, development of sophisticated empirical instruments, systematic measurement of family business activity, use of alternative research methodologies and deployment of robust tools of analysis. This second edition of the Handbook of Research on Family Business presents important research and conceptual developments across a broad range of topics. The contributors – notable researchers in the field – explore the frontiers of knowledge in family business entrepreneurship and stimulate critical thinking, enriching the repository of theoretical frameworks and methodologies. The Handbook takes a systematic and rigorous approach by providing in-depth insights into the dynamics of family business, its context and the significant role of stakeholders. Ultimately, this scholarly compendium of extant family business papers is an invaluable resource for researchers, educators, family business consultants, family business owner-managers and students.
Concise Introduction to the Family Firm by Ramon K. Zachary,Sharon M. Danes,Elisa Balabram Pdf
Building on the current structural focus of the family firm discipline, this Concise Introduction provides a function-based, processual approach to the area. It rethinks the nature of the family firm, advancing a deeper understanding of its internal dynamics. Ramona Kay Zachary, Sharon M. Danes and Elisa Balabram offer comprehensive theories of the family firm, the best methods of investigation, and the relationships among the owning family, its business as well as how these are interconnected.
Handbook of Research on the Strategic Management of Family Businesses by Palma-Ruiz, Jesús Manuel,Barros-Contreras, Ismael,Gnan, Luca Pdf
The literature on family business has developed significantly over the last years. However, efforts remain to summarize and systematize the main aspects that affect the behavior of this type of company. In this regard, the topic of strategic management has been developed. In this sense, it is especially important to recognize how the family decisively influences the behavior of the company and also to identify how the existence of the company affects family dynamics. Those who manage family businesses, whether family or not, must reconcile both perspectives (business and family) in the definition of strategic objectives, allowing sustainability and continuity in this type of organization. The Handbook of Research on the Strategic Management of Family Businesses provides emerging research that covers how strategic management in the family business has been developed and identifies the objectives that sustain this strategic behavior, the main areas of analysis (family and business), the definition of strategies, and their implementation. Also, the authors of this book review the different scenarios for family firms and propose strategies to tackle the challenges and seize the possibilities to grow in a competitive and dynamic environment. Featuring coverage on a broad range of topics such as human capital, organizational leadership, and knowledge creation, this book is ideally designed for family firms, managers, advisors, consultants, policymakers, business professionals, executives, entrepreneurs, researchers, academicians, and students.
A Strategic Fit Perspective on Family Firm Performance by Corinna M. Lindow Pdf
Corinna M. Lindow substantiates, develops, and tests a strategic fit perspective on family firm performance in order to contribute to explaining previous inconclusive findings. In particular, she aims at investigating whether strategic fit determines family firm performance and what role family influence plays. Based on a sample of German family firms, the author indicates that, against expectations, family firms’ performance is not driven by strategic fit but through the effective use of family-specific factors such as family business governance and family culture. Further, the results suggest that family influence has important implications for strategy, organizational structure, and the achievement of strategic fit.
KEEP YOUR FAMILY BUSINESS ON THE PATH TO SUCCESS. More than 24 million family businesses in the United States employ 62 percent of America's workforce. And in Asia, Europe, Australia, and Latin America, family businesses account for as much as 80 percent of the private sector. So what's different about these businesses? How often does sales for a Fortune 500 firm slump because two brothers couldn't get along? Almost never. But it happens all the time in family businesses. If the family is off track, the business will derail. FAMILY, INC. is a witty, engaging blueprint for maintaining peace within the family and the business. The authors use real-life characters to provide uncommon insights with commonsense solutions. After all, they know that firing Uncle Bill is more difficult than firing just any Bill.
The contemporary family is being distracted, disturbed and distraught by societal pressures from every direction. The nuclear family concept, believed crucial to child rearing, is becoming passé according to census data. Or has the wave of disruption to families crested? It is hoped that this bibliography will serve as a useful tool to researchers seeking further information on families and the pressures being exerted upon them in the 21st century.
Kings and Their Sons in Early Modern Europe by Mark Konnert Pdf
Some of history's greatest dramas have unfolded in the stories of kings and their sons in early modern Europe; and their conflicts presaged in some ways today's tensions in family-run businesses. In several notorious cases, the kings despised their sons to the point of committing murder, thus killing their own heirs. Prof. Konnert shows that these tragic dramas actually represent an extreme of the normal state of affairs rather than unusual occurrences. They are different in degree, not kind. This book is the first to look at these episodes in a systematic and comparative fashion. The stories are moving in themselves, but viewed in their historical context, they illuminate aspects of a past society which has faded from view in the 21st century. Two of the most famous episodes?those of Frederick the Great of Prussia and his father, and of Peter the Great of Russia and his son?are examined here, as well as three less well-known cases. These episodes are put into historical context, and the family dynamics of these royal dynasties are discussed, showing not only how they differed from those of today but also from those of their more common contemporaries. These tensions are also compared to those that have emerged in family-run businesses, where conflicts between fathers and sons are also very common. Furthermore, when the interests of the dynastic enterprise, whether political or corporate, take precedence over family life and personal happiness, marriage practices can produce particularly toxic relations. The cases examined here are unusual only in the degree of hostility rather than in its existence.
Strategy For The Wealthy Family: Seven Principles To Assure Riches To Riches Across Generations by Mark Haynes Daniell Pdf
Strategy for the Wealthy Family provides a clear framework for highly informed strategic management of the family, the family business, the family's financial assets, the family's trust and tax management activities, philanthropic activities, risk factors and the family's surround ecosystem of institutions, advisors, friends and influencers. It also provides an approach to ensure the important individuality of all family members is fully reflected in every aspect of strategy for the greater family. Defining true family wealth as far more than pure financial capital, Strategy for the Wealthy Family sets out insights and information to help you grow, protect, transfer and share all aspects of your own family wealth successfully across future generations. Ultimately, this is a book for those who wish to understand and manage their own family wealth to join the club of the world's best-managed wealthy families — and stay there.
