Topics Of Family Business Governance

Author : Hermut Kormann,Birgit Suberg
Publisher : Springer Nature
Page : 154 pages
File Size : 49,5 Mb
Release : 2020-11-18
Category : Business & Economics
ISBN : 9783030580193

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Topics of Family Business Governance by Hermut Kormann,Birgit Suberg Pdf

This book focuses on the role of the board in family businesses and specifically on processes and topics of strategic importance. It comprises all the relevant topics which need to be addressed on a regular basis such as strategy development, financial management, and leadership. The pros and cons of each issue are elaborated. This is one of the few books which addresses family businesses from governance systems to the role of executives. The diverse set of examples carefully collected by the authors and an in-depth discussion on the topics provide readers with valuable insights to broaden and enrich the effectiveness of governance.

Author : John L. Ward,Craig E. Aronoff
Publisher : Macmillan
Page : 106 pages
File Size : 53,7 Mb
Release : 2011-01-04
Category : Business & Economics
ISBN : 9780230116016

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Family Business Governance by John L. Ward,Craig E. Aronoff Pdf

While every family business is unique, embracing systematic governance processes can help any family business achieve goals shared by virtually all: orderly decision-making, peaceful continuity, and the freedom to make decisions based on the highest and best purposes of both the business and the family.

Author : Keanon J. Alderson
Publisher : Business Expert Press
Page : 205 pages
File Size : 43,6 Mb
Release : 2019-04-15
Category : Business & Economics
ISBN : 9781949991314

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Family Business Governance by Keanon J. Alderson Pdf

This book presents research-based information to provide the reader a deeper understanding of the complex nature of family owned businesses, their problems and challenges, and the unique governance structures and mechanisms that have been developed to properly guide a family business to greater effectiveness. Family business is the most prevalent form of business organization in the world. Much of the existing literature on family and corporate governance focuses on the larger and often publicly owned corporations instead of the unique and special issues of the much more prevalent privately held (usually smaller) family businesses. This book presents research-based information to provide the reader a deeper understanding of the complex nature of family owned businesses, their problems and challenges, and the unique governance structures and mechanisms that have been developed to properly guide a family business to greater effectiveness. For the family, such structures include having family meetings, a family council, and a family constitution. For the business, the board of directors provides experienced and knowledgeable advice and recommendations, as well as oversight and monitoring activities. For the owners, a shareholder’s council and an annual shareholder meeting allows increased communication and voting on decisions. These family governance mechanisms have been shown to increase communication, reduce conflict, and improve decision making and professionalism. Each governance tool will be explored in depth. The audience for this book is family business owners, consultants, practitioners, and family business scholars. Cases will provide readers an opportunity to apply their learning to real business problems.

Author : Fred Neubauer,Alden G. Lank
Publisher : Springer
Page : 293 pages
File Size : 51,7 Mb
Release : 2016-07-27
Category : Business & Economics
ISBN : 9781349144655

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The Family Business by Fred Neubauer,Alden G. Lank Pdf

The family business has a far reaching influence on economies throughout the world. No other type of business has driven economic development in the same way and today, in almost all countries, family businesses including such giants as Ford, Levi Strauss, L'Oréal and Ferrero are the source of more than half of the Gross National Product (GNP) and employment. As a result of their prominence the question of how they are governed, controlled and accounted for is crucial not only for the owning families, but also for the societies in which these companies operate. The Family Business considers: · How to define a family-controlled business and the significance of this form of privately-held enterprise. · Governance systems in the context of the family business. · How a board of outsiders can add value to the typical family business. · How to handle the classical tensions between family and board and between family and management on the other. · How to gain effective and efficient control at the highest level. The answer to these questions and others is given by providing a large number of examples of internationally active family businesses and from the authors teaching and research into this area. Sustainability is the key concern to the family business and this book breaks new ground in showing how they can successfully live on to the next generation.

Author : Craig E. Aronoff,John L. Ward
Publisher : Family Enterprise Publisher
Page : 78 pages
File Size : 52,5 Mb
Release : 1996
Category : Business & Economics
ISBN : 0965101185

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Family Business Governance by Craig E. Aronoff,John L. Ward Pdf

Author : Manlio Del Giudice,Maria Rosaria Della Peruta,Elias G. Carayannis
Publisher : Springer Science & Business Media
Page : 267 pages
File Size : 45,5 Mb
Release : 2010-12-06
Category : Business & Economics
ISBN : 9781441973535

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Knowledge and the Family Business by Manlio Del Giudice,Maria Rosaria Della Peruta,Elias G. Carayannis Pdf

Family businesses—the predominant form of business organization around the world—can make numerous, critical contributions to the economy and family well-being in both financial and qualitative terms. But dysfunctional family businesses can be difficult to manage, painful experiences at best, and they can destroy family wealth and personal relationships. This book explores the dynamics of family business management, in the context of constantly changing market conditions and the role that knowledge management plays in strategic planning and adaptation. Integrating the literature from family business, entrepreneurship, industrial psychology, and knowledge management, and with illustrative examples from a variety of enterprises, the authors address such topics as: •How family businesses can compete in the new knowledge economy •How to manage a family business when knowledge is its main asset •How to transfer knowledge (and how to keep it alive) through family generations Within this framework, the authors argue that effective resource management—especially intangible resources—is central to enabling a family-run organization to maintain a sustainable competitive advantage over time. They note that families often develop systemic, intuitive, or tacit knowledge that transcends rational decision making and needs to be recognized and nurtured as a distinctive asset. The authors demonstrate that trans-generational value is achieved when the family firm innovates and adapts itself to changing external and internal conditions. This kind of entrepreneurial performance requires dynamic capabilities and processes designed to acquire, exchange, combine and even shed knowledge and practices; and, in turn, dynamic capabilities result from mechanisms of knowledge sharing, collective learning, experience accumulation, and transfer.

Author : Arist von Schlippe,Tom A. Rüsen,Torsten Groth
Publisher : Springer Nature
Page : 260 pages
File Size : 47,6 Mb
Release : 2021-01-04
Category : Business & Economics
ISBN : 9783030602000

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The Two Sides of the Business Family by Arist von Schlippe,Tom A. Rüsen,Torsten Groth Pdf

This book focuses on a central success factor for family businesses: maintaining the decision-making ability over generations while not jeopardizing the business due to family conflict, inefficient governance structures, or lack of identification. The authors identify that this is not as easy as the endeavor to bring two social systems together with contradicting logic (family and business) leads to many dangerous pitfalls. This book presents outcomes of a unique research project in which family managers of eleven of the oldest and largest German family businesses, at least the fourth generation, met for more than three years on a regular basis and presented the essence of their family governance structures to each other and to the authors. It was a joint “learning journey” that admits identifying twelve core questions that these families had been answering to keep up the relationship between family and business successfully over generations. Obviously, there is no “right” answer to these questions. The key to success is rather engaging the families in a process to find out their own answers and make them aware of the “two sides”: being a family is different from being a business family.

Author : Ho-Don Yan,Fu-Lai Tony Yu
Publisher : Routledge
Page : 490 pages
File Size : 51,9 Mb
Release : 2021-04-27
Category : Business & Economics
ISBN : 9781000374643

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The Routledge Companion to Asian Family Business by Ho-Don Yan,Fu-Lai Tony Yu Pdf

This companion provides broad and in-depth insights into family business in Asia and how Asian family firms navigate in the digital economy. The first part of the book looks at key concepts of family business while the second part presents Asian family firms’ cases from Japan, South Korea, China, Taiwan, Hong Kong, Thailand, Malaysia and other Asian economies. This comprehensive reference will help readers understand how family firms in Asia compete and survive in the world market especially in the digital age and why and how Asian economies can emerge as one of the most dynamic regions in the world.

Author : D. Kenyon-Rouvinez,J. Ward
Publisher : Springer
Page : 90 pages
File Size : 52,9 Mb
Release : 2004-11-25
Category : Business & Economics
ISBN : 9780230287730

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Family Business by D. Kenyon-Rouvinez,J. Ward Pdf

The family business has been the most prevalent and pervasive form of business in many countries and raises particular questions concerning succession and governance and in particular the relationships between management, board members and family members. This book is a collection of articles by leading thinkers and practitioners on the family business which covers such issues as assuring a healthy family business, family strategy, governance and succession

Author : M. Bennedsen,J. Fan
Publisher : Springer
Page : 247 pages
File Size : 44,5 Mb
Release : 2014-09-29
Category : Business & Economics
ISBN : 9781137382368

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The Family Business Map by M. Bennedsen,J. Fan Pdf

Combining the expertise of two consultants and academics from East and West, this book provides an international guide for family businesses, showing how to identify and implement the best governance strategies. Packed with case studies and interviews, this is the ultimate guide for family businesses wanting to achieve long-term success.

Author : Yasser, Qaiser Rafique,Al-Mamun, Abdullah
Publisher : IGI Global
Page : 345 pages
File Size : 54,8 Mb
Release : 2020-12-25
Category : Business & Economics
ISBN : 9781799866718

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Transforming Corporate Governance and Developing Models for Board Effectiveness by Yasser, Qaiser Rafique,Al-Mamun, Abdullah Pdf

Corporate governance can be considered as an environment of trust, ethics, moral values, and confidence as a synergistic effort of all the constituent parts, including stakeholders, the public, service provides, and the corporate sector. The actions of an organization and the consequences of those actions has become increasingly concerned with corporate governance. As such, it is essential to examine the latest concepts and trends that can lead to the development of effective models for corporate boards. Transforming Corporate Governance and Developing Models for Board Effectiveness is an essential reference source that contains forward-thinking research intended to facilitate effective, entrepreneurial, and prudent management that can deliver the long-term success of the company. The book discusses the different theories and practices surrounding boards of directors’ responsibilities and innovative strategies for the governance of their companies that allow them to become and remain successful. Highlighting topics that include board diversity and independence, business ethics, and family business governance, this book is intended for corporate boards, board of directors, executives, managers, business professionals, academicians, researchers, policymakers, and students.

Author : Craig E. Aronoff
Publisher : Unknown
Page : 94 pages
File Size : 54,9 Mb
Release : 2011
Category : Electronic
ISBN : 1349584533

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Family Business Governance by Craig E. Aronoff Pdf

Author : Camisón, Cesar,González, Tomás
Publisher : IGI Global
Page : 459 pages
File Size : 44,7 Mb
Release : 2019-11-22
Category : Business & Economics
ISBN : 9781799816560

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Competitiveness, Organizational Management, and Governance in Family Firms by Camisón, Cesar,González, Tomás Pdf

The "family effect" remains a challenge for researchers interested in both the family firm’s organizational form and in the effects of familial ownership on a firm's strategy, structure, and performance. Governance mechanisms, management quality, ownership concentration, and family involvement all have relevant effects in terms of influencing monitoring costs, investment decisions, the development of the portfolio of resources and capabilities, and family firm competitiveness. Nevertheless, few studies to date have opened the black box of the "family effect." Competitiveness, Organizational Management, and Governance in Family Firms is an essential reference source that makes a clear distinction between the separation of ownership and management, on the one hand, and the institutional development of family governance instruments, on the other, to help uncover the asymmetric effects of these two choices. It also allows the examination as to which of the two strategies employed in family firms reinforce managerial capital that has a greater positive impact on the "family effect," thus helping to achieve better managerial capabilities. Featuring research on topics such as corporate governance, private business, and successional leadership, this book is ideally designed for managers, executives, CEOs, company owners, consultants, business professionals, entrepreneurs, academicians, and researchers interested in an in-depth understanding of the keys to success and survival of family-operated organizations.

Author : Josh Baron,Rob Lachenauer
Publisher : Harvard Business Press
Page : 231 pages
File Size : 46,8 Mb
Release : 2021-01-26
Category : Business & Economics
ISBN : 9781633699069

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Harvard Business Review Family Business Handbook by Josh Baron,Rob Lachenauer Pdf

Navigate the complex decisions and critical relationships necessary to create and sustain a healthy family business—and business family. Though "family business" may sound like it refers only to mom-and-pop shops, businesses owned by families are among the most significant and numerous in the world. But surprisingly few resources exist to help navigate the unique challenges you face when you share the executive suite, financial statements, and holidays. How do you make the right decisions, critical to the long-term survival of any business, with the added challenge of having to do so within the context of a family? The HBR Family Business Handbook brings you sophisticated guidance and practical advice from family business experts Josh Baron and Rob Lachenauer. Drawing on their decades-long experience working closely with a wide range of family businesses of all sizes around the world, the authors present proven methods and approaches for communicating effectively, managing conflict, building the right governance structures, and more. In the HBR Family Business Handbook you'll find: A new perspective on what makes family businesses succeed and fail A framework to help you make good decisions together Step-by-step guidance on managing change within your business family Key questions about wealth, unique to family businesses, that you can't afford to ignore Assessments to help you determine where you are—and where you want to go Stories of real companies, from Marchesi Antinori to Radio Flyer Chapter summaries you can use to reinforce what you've learned Keep this comprehensive guide with you to help you build, grow, and position your family business to thrive across generations. HBR Handbooks provide ambitious professionals with the frameworks, advice, and tools they need to excel in their careers. With step-by-step guidance, time-honed best practices, and real-life stories, each comprehensive volume helps you to stand out from the pack—whatever your role.

Author : Andrea Calabrò
Publisher : Edward Elgar Publishing
Page : 304 pages
File Size : 43,7 Mb
Release : 2020-09-25
Category : Business & Economics
ISBN : 9781788974073

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A Research Agenda for Family Business by Andrea Calabrò Pdf

This exciting Research Agenda expertly addresses the question: What will be important within the family business field and for family businesses in practice over the next decade? Top international contributors explore farsighted theories, methods and topics, often taking a multi-disciplinary approach in order to outline the potential routes for further advancing family business research. Chapters cover the significance of new family trends, entrepreneurial legacy, board diversity, spatial-familiness, corruption, innovation and digital business transformation, challenging core assumptions surrounding the family business phenomenon and mapping the future of the discipline.