Understanding Family Businesses


Understanding Family Businesses
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Understanding The Family Business


Understanding The Family Business
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Author : Keanon Alderson
language : en
Publisher: Business Expert Press
Release Date : 2011

Understanding The Family Business written by Keanon Alderson and has been published by Business Expert Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Family-owned business enterprises categories.


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 Family Businesses


Understanding Family Businesses
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Author : Alan L. Carsrud
language : en
Publisher: Springer
Release Date : 2013-11-28

Understanding Family Businesses written by Alan L. Carsrud and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-11-28 with Business & Economics categories.


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.



Managing Conflict In The Family Business


Managing Conflict In The Family Business
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Author : K. Rhodes
language : en
Publisher: Springer
Release Date : 2013-04-29

Managing Conflict In The Family Business written by K. Rhodes and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-04-29 with Business & Economics categories.


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.



Understanding The Family Business Second Edition


Understanding The Family Business Second Edition
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Author : Keanon J. Alderson
language : en
Publisher: Business Expert Press
Release Date : 2018-05-08

Understanding The Family Business Second Edition written by Keanon J. Alderson and has been published by Business Expert Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-05-08 with Business & Economics categories.


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.



Understanding The Family Business Second Edition


Understanding The Family Business Second Edition
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Author : Keanon Alderson
language : en
Publisher:
Release Date : 2020-08-03

Understanding The Family Business Second Edition written by Keanon Alderson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-08-03 with categories.




Family Enterprise


Family Enterprise
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Author : The Family Firm Institute, Inc
language : en
Publisher: John Wiley & Sons
Release Date : 2013-11-25

Family Enterprise written by The Family Firm Institute, Inc and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-11-25 with Business & Economics categories.


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



The Family In Business


The Family In Business
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Author : Paul C. Rosenblatt
language : en
Publisher: Jossey-Bass
Release Date : 1985-04-30

The Family In Business written by Paul C. Rosenblatt and has been published by Jossey-Bass this book supported file pdf, txt, epub, kindle and other format this book has been release on 1985-04-30 with Business & Economics categories.




Engaged Ownership


Engaged Ownership
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Author : Amelia Renkert-Thomas
language : en
Publisher: John Wiley & Sons
Release Date : 2015-12-14

Engaged Ownership written by Amelia Renkert-Thomas and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-12-14 with Business & Economics categories.


Successful ownership transition requires effective decision making at the top Engaged Ownership is the definitive owner's guide to the family enterprise. Whether you're taking over a family business, family office, or trust, this book shows you how to work effectively with the management and board to keep the enterprise moving in the right direction. The first guide of its kind written from the owner's perspective, this book is designed to help owners who are truly committed to growing all forms of capital be successful in their role. You'll learn the time-tested process that helps you 'unstick' decision-making, become engaged and effective, and manage the transfer from owner control to shared ownership while minimizing risk. Improve communication and relationships with the board, and ensure that every stakeholder understands your strategies and vision for the future. You'll allay the fears that frequently accompany ownership transfers, and inspire a sense of teamwork that leads to sustainable success generation after generation. As the Baby Boomers retire, business founders and entrepreneurs worldwide are transferring ownership of privately held enterprises to their children in record numbers. It can be a complex and difficult-to-navigate time for everyone involved. This book helps you smooth the way to a successful transition, and transcend the owner's traditionally passive role. Learn to work effectively with management and the board Get everyone on the same page in terms of vision and direction Build relationships that lead to forward-thinking decision making Succeed in the ownership role by bringing your expertise to the fore Ownership transfer often triggers a radical change in family enterprise, and if poorly managed, can turn a business in the wrong direction. Engaged Ownership shows you how to build a dynamic and effective partnership with trustees, board, and management, and become a successful steward of the family's financial, human, social, and operational capital.



Working For A Family Business


Working For A Family Business
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Author : C. Eckrich
language : en
Publisher: Springer
Release Date : 2016-04-30

Working For A Family Business written by C. Eckrich and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-30 with Business & Economics categories.


Eckrich and McClure provide a greater understanding of what a family business really is and how they differ from other companies and work environments. Designed to provide insight into the family and its behavior and to integrate the non-family employee into its unique structure.



Strategic Planning For The Family Business


Strategic Planning For The Family Business
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Author : R. Carlock
language : en
Publisher: Springer
Release Date : 2001-01-29

Strategic Planning For The Family Business written by R. Carlock and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-01-29 with Business & Economics categories.


Family business planning has traditionally centered on two issues - estate planning and succession. These goals are far too limited for today's family firm. Business families want to turn the business into not only a tool for profit, but for self-expression, innovation and legacy. The authors introduce the new concept of the Parallel Planning Process, explaining how to integrate the needs and expectations of the family and business systems in order to create an organic and entrepreneurial unit. Planning and decision making templates are included as well as studies of well-known family businesses.