Understanding The Family Business

Understanding The Family Business PDF
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Author: Keanon J. Alderson
Publisher: Business Expert Press
ISBN: 1606491709
Size: 22.52 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : un
Pages : 148
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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.


Understanding The Small Family Business

Understanding the Small Family Business PDF
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Author: Denise Fletcher
Publisher: Routledge
ISBN: 1134532253
Size: 59.61 MB
Format: PDF, ePub
Category : Business & Economics
Languages : en
Pages : 240
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"Drawing on an international range of studies, this book also points to the future of research in this area, and indicates how support and policy initiatives may be directed in the future."--Jacket.


Managing Conflict In The Family Business

Managing Conflict in the Family Business PDF
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Author: Kent Rhodes
Publisher: Palgrave Macmillan
ISBN: 9781137274601
Size: 28.73 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 120
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Managing conflict is a challenge in any business setting and yet when managed correctly, some conflicts can actually be beneficial. But knowing how to leverage conflict into an advantage is not always so immediately clear and this is particularly true within family businesses. That's because the dynamics that can produce conflict within a family simultaneously intersect with the challenges of owning and operating a business, potentially complicating both. This book will identify Family Business Conflict Archetypes (patterns), Frames, Roles, and Tactics. They are discussed with a view toward educating readers to the common conflict cycles that families running a business can encounter. Keys to effectively managing these unique conflicts and the changes they produce, are also discussed. More specifically, utilizing a mini case study approach, this book will address twelve conflicts that are common in family owned businesses, how families can spot them, and then plan for their successful and effective management in ways that simultaneously uphold the family and the business.


Understanding Family Businesses

Understanding Family Businesses PDF
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Author: ALAN CARSRUD
Publisher: Springer Science & Business Media
ISBN: 9781461409113
Size: 23.77 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 328
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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.


The Landscape Of Family Business

The Landscape of Family Business PDF
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Author: Ritch L. Sorenson
Publisher: Edward Elgar Publishing
ISBN: 1782547541
Size: 78.64 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : en
Pages : 256
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•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


Family Business Governance

Family Business Governance PDF
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Author: Keanon J. Alderson
Publisher: Business Expert Press
ISBN: 1949991318
Size: 51.10 MB
Format: PDF, Mobi
Category : Business & Economics
Languages : en
Pages : 166
View: 7464

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.


Family Enterprise

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Author: The Family Firm Institute, Inc
Publisher: John Wiley & Sons
ISBN: 1118730925
Size: 39.76 MB
Format: PDF, Mobi
Category : Business & Economics
Languages : en
Pages : 192
View: 4278

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


Theoretical Perspectives On Family Businesses

Theoretical Perspectives on Family Businesses PDF
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Author: Mattias Nordqvist
Publisher: Edward Elgar Publishing
ISBN: 1783479663
Size: 44.90 MB
Format: PDF, Docs
Category : Business & Economics
Languages : en
Pages : 296
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Family business has become an increasingly studied field over the last decade and forms one of the fastest growing research areas today. The uniqueness of family business is the interaction between two systems: the family and the firm, leading to speci


The Family Business Group Phenomenon

The Family Business Group Phenomenon PDF
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Author: Marita Rautiainen
Publisher: Palgrave Macmillan
ISBN: 9783319985411
Size: 66.63 MB
Format: PDF, Docs
Category : Business & Economics
Languages : en
Pages : 400
View: 3790

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.