Understanding Family Business

Author : Keanon J. Alderson
Publisher : Business Expert Press
Page : 162 pages
File Size : 41,5 Mb
Release : 2018-05-08
Category : Business & Economics
ISBN : 9781631575747

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Understanding the Family Business, Second Edition by Keanon J. Alderson Pdf

This outstanding book provides you with a detailed look at family businesses, the most prevalent form of business in the world. Whether you are a business student, or a member of a family who owns a business, you will definitely benefit from this book, which leads with an introduction to the unique nature of family businesses. Inside, the author explores the many differences between a family-owned business and a nonfamily-owned business. He discusses the major family business theories and shows how family firms make business decisions. This book also defines the significant issues prevalent in family firms and explores the most problematic issue: the succession or the transfer of ownership to the next generation. If you are a professional advisor to family firms—such as accountants, attorneys, bankers, insurance providers, and financial services—you’ll undoubtedly develop a better understanding for your clients.

Author : Keanon Alderson
Publisher : Business Expert Press
Page : 185 pages
File Size : 46,7 Mb
Release : 2011
Category : Family-owned business enterprises
ISBN : 9781606491690

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Understanding the Family Business by Keanon Alderson Pdf

The purpose of this book is to provide readers with an introductory overview of family business, the most prevalent form of business in the world. The differences between family and nonfamily businesses are emphasized in this book. There are several key audiences: As a supplemental text for university undergraduate or graduate level courses such as small business management, introduction to business, entrepreneurship, or family studies. Members of family businesses will benefit from the book as an introduction to the unique nature of family businesses. Professional advisors to family firms such as accountants, attorneys, bankers, insurance providers, and financial services professionals may develop a better understanding of their clients. Suppliers to family businesses will gain insight to this important business customer. Much of the literature on family business is from the United States; an attempt has been made to present relevant international information, as well. Chapter one defines a family business and provides an overview of family business. Chapter two explores the many differences between a family owned business and a nonfamily owned business. Chapter three explores the major family business theories. Chapter four discusses how family firms make business decisions. Chapter five explores the significant issues prevalent in a family firm. Chapter six explores the most problematic issue in family firms: succession or the transfer of ownership to the next generation. Chapter seven explores the many differences among the generations of a family firm. Chapter eight presents information on family business strategic planning. Chapter nine focuses on effective family business governance and use of advisors and boards. Chapter ten explores key success tips for long lasting family firms. Chapter eleven discusses trends in family business. Chapter twelve contains key points for family business professionals and suppliers who target or service family firms. Chapter thirteen presents areas for future research to advance the study of family business.

Author : The Family Firm Institute, Inc
Publisher : John Wiley & Sons
Page : 192 pages
File Size : 51,6 Mb
Release : 2013-11-11
Category : Business & Economics
ISBN : 9781118730911

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Family Enterprise by The Family Firm Institute, Inc Pdf

A thorough explanation of how family enterprises work The family enterprise, whether an operating business, a family office, or both, is the backbone of the US and international economies. These enterprises cut across industries and geographies and can be first-generation entrepreneurial companies or multi-generational businesses with family offices. This book offers a foundation in and understanding of how family enterprises work, including working definitions and the key characteristics of family enterprises, as well as useful concepts for working with and in family enterprises, either as a professional or as a family member. Written by the experts at the Family Firm Institute, a global network of professionals, educators, researchers, and owners of family enterprises An ideal resource for professionals in law, finance, management, and behavioral science, family office and fund managers, and others interested in an multidisciplinary approach to this field

Author : Ted Clark
Publisher : Unknown
Page : 128 pages
File Size : 54,7 Mb
Release : 2019-01-04
Category : Electronic
ISBN : 0991319214

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Understanding Family Business by Ted Clark Pdf

Author : K. Rhodes,D. Lansky
Publisher : Springer
Page : 130 pages
File Size : 52,6 Mb
Release : 2013-04-29
Category : Business & Economics
ISBN : 9781137321305

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Managing Conflict in the Family Business by K. Rhodes,D. Lansky Pdf

Family Business Conflict Archetypes, Frames, Roles, and Tactics are discussed in this book with a view toward educating readers to the common conflict cycles that family businesses encounter. More specifically the book will address twelve conflicts that are common in family owned businesses, how to spot them and how to resolve them.

Author : Kelin E. Gersick
Publisher : Harvard Business Press
Page : 316 pages
File Size : 50,8 Mb
Release : 1997
Category : Business & Economics
ISBN : 9780875845555

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Generation to Generation by Kelin E. Gersick Pdf

Generation to Generation will help managers understand the special dynamics & challenges that family businesses face as they move through their life cycles. It explains how to handle succession, & the role of non-family professionals.

Author : Marita Rautiainen,Peter Rosa,Timo Pihkala,Maria José Parada,Allan Discua Cruz
Publisher : Springer
Page : 410 pages
File Size : 48,8 Mb
Release : 2018-10-30
Category : Business & Economics
ISBN : 9783319985428

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The Family Business Group Phenomenon by Marita Rautiainen,Peter Rosa,Timo Pihkala,Maria José Parada,Allan Discua Cruz Pdf

This edited collection analyses the unexplored concept of the family business group, evaluating the opportunities and advantages that it creates for entrepreneurs. Raising a number of important questions, the authors construct a new research agenda for the complex topic of the family business group, which will ultimately assess its contribution towards the economy and society in general. The chapters provide a core understanding of the phenomenon and cover its formation, nature and complexities, as well as offering a holistic perspective and exploring factors such as scale, size and regional contexts. A useful tool for those researching small businesses, organisation, and business strategy, this book highlights the key advantages of family business group structures in both developed and developing countries, and local and national contexts.

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.

Author : Josh Baron,Rob Lachenauer
Publisher : Harvard Business Press
Page : 231 pages
File Size : 42,6 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 : Denise Fletcher
Publisher : Routledge
Page : 239 pages
File Size : 43,6 Mb
Release : 2002-09-26
Category : Business & Economics
ISBN : 9781134532254

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Understanding the Small Family Business by Denise Fletcher Pdf

This book makes an important contribution to the understanding of small firms by bringing together a number of key themes in management/organization studies.

Author : ALAN CARSRUD,Malin Brännback
Publisher : Springer Science & Business Media
Page : 328 pages
File Size : 54,9 Mb
Release : 2011-10-29
Category : Business & Economics
ISBN : 146140911X

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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.

Author : Manlio Del Giudice
Publisher : Springer
Page : 189 pages
File Size : 40,6 Mb
Release : 2017-03-09
Category : Business & Economics
ISBN : 9783319422435

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Understanding Family-Owned Business Groups by Manlio Del Giudice Pdf

This book addresses the increasing prominence of family-owned business groups and their potential to influence growth and development in the global economy. Family businesses are not necessarily converging towards unitary models of corporate governance or organizational designs, but remain heterogeneous in a global economy. Empirical evidence on the developmental effects of family-owned business groups is fragmented and inconclusive: are there tangible differences between family-owned business groups in emerging economies and developed countries? Are there important variations across and between industries? How have geopolitical circumstances shaped their activities? In this book, the author seeks alternative, pluralistic, and cross-disciplinary approaches through economic, management, and organizational perspectives. This book provides readers with a core understanding of how both corporate governance and business strategy are shaped by the institutional frameworks of markets, as well as knowledge into how institutional context shapes the governance and strategies of family business groups. It is an invaluable reference tool for scholars and students in the social sciences, as well as professionals involved in strategic management issues within a knowledge management context.

Author : Peter Leach,Garry R. Duncan,Bruce Ball
Publisher : Thomson Carswell
Page : 0 pages
File Size : 48,9 Mb
Release : 2003
Category : Family-owned business enterprises
ISBN : 0459279130

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Guide to the Family Business by Peter Leach,Garry R. Duncan,Bruce Ball Pdf

Author : Ritch L. Sorenson,Andy Yu,Keith H. Brigham,G. T. Lumpkin
Publisher : Edward Elgar Publishing
Page : 255 pages
File Size : 40,7 Mb
Release : 2013-09-30
Category : Business & Economics
ISBN : 9781782547549

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The Landscape of Family Business by Ritch L. Sorenson,Andy Yu,Keith H. Brigham,G. T. Lumpkin Pdf

•The editors should be commended for developing a Map of the Landscape of Family Business Outcomes. It gives future research direction to the discipline considering both short-term profitability and long-term sustainability. It considers conventional c

Author : Alan L. Carsrud,Malin Brännback
Publisher : Springer Science & Business Media
Page : 102 pages
File Size : 47,6 Mb
Release : 2011-09-15
Category : Business & Economics
ISBN : 1461408660

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Understanding Family Firms by Alan L. Carsrud,Malin Brännback Pdf

Family-owned and managed firms are often beset by a variety of crises that can impact the firm’s very survival. These may include changes in technology, deaths of critical family members, competition within an industrial sector, shifts in market dynamics and product mixes, economic turmoil, political upheaval and revolution, firm growth, succession, and selecting new firm leadership. Such crises may be internal to the firm or a function of the external environment, and several may occur simultaneously; all of them contribute to a context of uncertainty, risk, and change, presenting particular challenges that are unique to family-owned businesses. This volume presents eight in-depth case studies of family-owned firms that represent a variety of industries and situations. Each case explores the dynamics of managing in chaotic environments and how family leadership responded to crises. Lessons learned from these experiences will help readers understand how to solve problems under conditions of uncertainty and how to avoid failure, when the survival of the firm is at stake. Featuring questions and learning notes designed to engage the reader directly, this volume will be a valuable resources for students and members of entrepreneurial and family-owned firms, as well as consultants, investors, and other professional advisors.