Entrepreneurial Transitions In Family Business Organic Model Governance And Succession

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Entrepreneurial Transitions in Family Business: Organic Model, Governance and Succession

Author : Simon O'Leary
Publisher : Lulu.com
ISBN 13 : 1910781665
Total Pages : 106 pages
Book Rating : 4.9/5 (17 download)

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Book Synopsis Entrepreneurial Transitions in Family Business: Organic Model, Governance and Succession by : Simon O'Leary

Download or read book Entrepreneurial Transitions in Family Business: Organic Model, Governance and Succession written by Simon O'Leary and published by Lulu.com. This book was released on 2017 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt: Family business is one of the earliest forms of economic organisation and is still the most common form of commercial entity in the world, fulfilling roles across the spectrum of business and organisational activities, ranging from craft specialists, to local mobile food outlets, to online traders, to corner shops, to market sector suppliers, to internationally branded multinationals. Starting up, developing and maintaining such initiatives requires a dedicated entrepreneurial spirit and a range of management skills, as well as periodic episodes of good timing and targeting. Since the advent of mechanisation and industrialisation, larger organisations and publicly-listed companies have often been viewed as the measure of economic sustainability, in part because collecting information on such groups is relatively more straightforward than doing the same for the many hundreds of thousands of smaller family firms, sole traders and entrepreneurs. This book aims to reinforce the importance of family businesses and to highlight the challenges they face as they evolve.

Family Firms in Transition

Author : Alan L. Carsrud
Publisher : Springer Science & Business Media
ISBN 13 : 9781461412014
Total Pages : 122 pages
Book Rating : 4.4/5 (12 download)

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Book Synopsis Family Firms in Transition by : Alan L. Carsrud

Download or read book Family Firms in Transition written by Alan L. Carsrud and published by Springer Science & Business Media. This book was released on 2011-09-15 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many of the challenges faced by family-owned businesses develop after the firm has reached a stage of maturity, when the first generation is faced with issues concerning the role of their children in the business and the long-term future of the enterprise. This collection of case studies from around the world demonstrates how governance of both the business and the family (or lack thereof) impacts succession of leadership in the firm and the inheritance of ownership and wealth. It is the role of governance and how it impacts both family and firm that link these family business cases together with succession and inheritance. These topics have been clustered together because the social systems of the family and the management system of the firm have significant impacts on the success, or failure, of succession plans. All the planning in the world for succession and inheritance will not succeed if the firm does not have a well established and functional governance system. Likewise, if the family does not understand its role in the governance of the firm and the mechanisms for making sound decisions, succession choices may not be accepted by family members. Most family firms fail because of succession issues, not economic ones. This volume features nine in-depth cases of family-owned business from a variety of industries to illuminate the dynamics of governance, succession, and inheritance. Each case illustrates the complexity of issues and, through interactive exercises and questions, offers readers approaches to solutions, which may include less-than-optimal compromises or even selling the business as the only viable option. The examples and insights will prove valuable for students and members of entrepreneurial and family-owned firms, as well as consultants, investors, and other professional advisors.

Family Business Succession

Author : K. LeCouvie
Publisher : Springer
ISBN 13 : 1137280921
Total Pages : 213 pages
Book Rating : 4.1/5 (372 download)

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Book Synopsis Family Business Succession by : K. LeCouvie

Download or read book Family Business Succession written by K. LeCouvie and published by Springer. This book was released on 2017-07-03 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first ever comprehensive guide to family business succession planning. This book covers everything from what family business ownership is and how to structure ownership bylaws to business structure, leadership transition, and how a founder exits the business. Drawing on original research, case studies, and white papers, Family Business Succession is a thorough, complete, and "required reading" for every family member working in a family business.

The Modern Family Business

Author : L. Collins
Publisher : Springer
ISBN 13 : 113700133X
Total Pages : 248 pages
Book Rating : 4.1/5 (37 download)

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Book Synopsis The Modern Family Business by : L. Collins

Download or read book The Modern Family Business written by L. Collins and published by Springer. This book was released on 2016-01-18 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides real world studies of the family in business, by observing typical firms rather than dynasties. It looks at how the nature of family business is changing in our times and provides insight into the lessons we can learn from this. The book focuses on the impact for the professional non-family manager.

SUCCESSION FOR CHANGE

Author : Harry Korine
Publisher : Springer
ISBN 13 : 3319521209
Total Pages : 121 pages
Book Rating : 4.3/5 (195 download)

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Book Synopsis SUCCESSION FOR CHANGE by : Harry Korine

Download or read book SUCCESSION FOR CHANGE written by Harry Korine and published by Springer. This book was released on 2017-05-24 with total page 121 pages. Available in PDF, EPUB and Kindle. Book excerpt: Korine reframes the question of succession in family and founder-lead businesses as an issue of entrepreneurial choice, concentrating on the challenge of succession for change as opposed to the traditional focus on succession for continuity. It is inevitable that when the leaders of family and founder-lead businesses look to pass on the mantle they naturally want to preserve and maintain the firm they have worked so hard for so long to build up. The shaping influence of family or founder, and the instinctive emotional desire for legacy easily sways succession towards continuity rather than the possibly radical development the business may need to meet new challenges. Succession for Change shows how competitive advantage has evolved over the last twenty-five years and examines the approaches being adopted by current business leaders, succession service providers and the next generation to address the change imperative in succession. Korine’s rigorous research and deeply practical approach shows that when change becomes the focus of succession, and developing entrepreneurial values takes precedence over preserving the status quo, succession planning can ensure that firms not only survive the departure of their founders but thrive long after they have gone. He offers a framework for implementing succession as transformation, and rethinking succession governance. The secret is enabling the next generation of leaders to stand on the shoulders of giants rather than be constantly doomed to stand in the shadow of giants.

Transnational Press London Publications Catalogue – 2020

Author : Transnational Press London
Publisher : Transnational Press London
ISBN 13 : 191299741X
Total Pages : 54 pages
Book Rating : 4.9/5 (129 download)

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Book Synopsis Transnational Press London Publications Catalogue – 2020 by : Transnational Press London

Download or read book Transnational Press London Publications Catalogue – 2020 written by Transnational Press London and published by Transnational Press London. This book was released on with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Please download the TPLondon catalogue for the books and journals we publish dated March 2020. Transnational Press London is committed to enabling authors to reach a wider audience by offering books at affordable prices. You may want to inspect the bookstore at tplondon.com too.

Entrepreneurial Family Businesses

Author : Veland Ramadani
Publisher : Springer Nature
ISBN 13 : 3030477789
Total Pages : 219 pages
Book Rating : 4.0/5 (34 download)

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Book Synopsis Entrepreneurial Family Businesses by : Veland Ramadani

Download or read book Entrepreneurial Family Businesses written by Veland Ramadani and published by Springer Nature. This book was released on 2020-07-09 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an extensive overview of family business-related topics such as context and uniqueness, lifecycle and ownership configurations, conflict management, corporate governance, succession challenges, internationalization, innovation, and socioemotional wealth. Each chapter features clear learning objectives, key concepts and terminology, and dedicated case studies to demonstrate the main messages. The book not only considers the day-to-day dynamics in family businesses, but also places substantial emphasis on the entrepreneurial skills needed for these businesses to survive and thrive, today and tomorrow. In addition, it elaborates and discusses a number of best practice examples, which offer valuable guidance not only for scholars, but also for students who wish to study these challenges.

Family Businesses in Transition Economies

Author : Léo-Paul Dana
Publisher : Springer
ISBN 13 : 3319142097
Total Pages : 349 pages
Book Rating : 4.3/5 (191 download)

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Book Synopsis Family Businesses in Transition Economies by : Léo-Paul Dana

Download or read book Family Businesses in Transition Economies written by Léo-Paul Dana and published by Springer. This book was released on 2015-03-25 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the reader a comprehensive understanding of the development of family business in transitional economies. Throughout eastern Europe, post-Communist countries transitioning to market-based economies are obtaining a variety of results due to diverse policy approaches. Expert contributions in this book draw from a wealth of information in this context and include thought-provoking policy prescriptions for the future. This book concentrates on the challenges to predict the direction emerging markets will take, particularly when dealing with the wide-ranging social and economic situations taking place in post-Communist Eastern Europe. This reference volume for policymakers, educators, investors, and researchers also provides a much-needed and timely survey of family firms in the transitioning markets of post-Communist Europe.

Family Business Case Studies Across the World

Author : Cheng, Jeremy
Publisher : Edward Elgar Publishing
ISBN 13 : 1800884257
Total Pages : 224 pages
Book Rating : 4.8/5 (8 download)

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Book Synopsis Family Business Case Studies Across the World by : Cheng, Jeremy

Download or read book Family Business Case Studies Across the World written by Cheng, Jeremy and published by Edward Elgar Publishing. This book was released on 2022-05-13 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Projecting a global interdisciplinary vision, this insightful book develops a peer-to-peer learning methodology to facilitate reconciling religion and human rights, both in multilateral contexts and at the national level. Written by leading human rights practitioners, the book illuminates the tension zones between religion and rights, exploring how the ‘faith’ elements in both disciplines can create synergies for protecting equal human dignity.

Family Business Governance

Author : Keanon J. Alderson
Publisher : Business Expert Press
ISBN 13 : 1949991318
Total Pages : 205 pages
Book Rating : 4.9/5 (499 download)

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Book Synopsis Family Business Governance by : Keanon J. Alderson

Download or read book Family Business Governance written by Keanon J. Alderson and published by Business Expert Press. This book was released on 2019-04-15 with total page 205 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The Successful Family Business

Author : Edward D. Hess
Publisher : Bloomsbury Publishing USA
ISBN 13 : 0313056293
Total Pages : 177 pages
Book Rating : 4.3/5 (13 download)

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Book Synopsis The Successful Family Business by : Edward D. Hess

Download or read book The Successful Family Business written by Edward D. Hess and published by Bloomsbury Publishing USA. This book was released on 2005-11-30 with total page 177 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over 80% of the businesses in the United States are family-owned and managed. From the corner deli or barbershop to global empires in brewing, media, and cleaning products, family businesses embody the entrepreneurial spirit that drives innovation and economic growth and that represents the hopes and dreams of millions for independence, self-sufficiency, and wealth. And yet the track record for entrepreneurial businesses is poor: over three-quarters will fail during the first five years and only 10% will survive a decade. Family business statistics show that fewer than one-third pass succesfully to a second generation, often the result of insufficient planning. Drawing from numerous in-depth examples (both positive and negative), Edward Hess offers a fascinating glimpse into the dynamics of family business management and specific strategies to promote the health of the enteprise. A comprehensive guide, The Successful Family Business covers the spectrum of topics from creating a family values statement and code of conduct to resolving conflicts among siblings to managing transitions in leadership and the potential sale of the business. Other issues include: defining perks and benefits (for family and non-family members), working with the board of directors, and going public. Hess concludes with a series of operating rules that apply to every family business and a listing of practical references and resources.

Family Business

Author : D. Kenyon-Rouvinez
Publisher : Springer
ISBN 13 : 0230287735
Total Pages : 90 pages
Book Rating : 4.2/5 (32 download)

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Book Synopsis Family Business by : D. Kenyon-Rouvinez

Download or read book Family Business written by D. Kenyon-Rouvinez and published by Springer. This book was released on 2004-11-25 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

Succession Planning for Small and Family Businesses

Author : William J. Rothwell
Publisher : CRC Press
ISBN 13 : 1000728358
Total Pages : 187 pages
Book Rating : 4.0/5 (7 download)

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Book Synopsis Succession Planning for Small and Family Businesses by : William J. Rothwell

Download or read book Succession Planning for Small and Family Businesses written by William J. Rothwell and published by CRC Press. This book was released on 2022-10-04 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt: Who will lead your organization into the future? Have you created the systems to properly implement required succession transitions? Have you put the financial tools in place to fund the transition? Do you want a plan that connects with your personal and company core values? When do you include timely planning related to strategy and talent issues? What are the appropriate communication strategies for sharing your plan? What legal issues need consideration related to the strategy, financial, and people aspects of succession? So, what is preventing you from starting this effort tomorrow? Small and family businesses are the bedrock of all businesses. More people are employed by small and family-owned businesses than by all multinational companies combined. Yet the research on small and family businesses is bleak: fewer than one-third of small business owners in the United States can afford to retire. Only 40% of small businesses have a workable disaster plan in case of the sudden death or disability of the owner, and only 42% of small businesses in the United States have a succession plan. Fewer than 11% of family-owned businesses make it to the third generation beyond the founder. Lack of succession planning is the second most common reason for small business failure. Many organizations often wonder where to start and what to do. Succession Planning for Small and Family Businesses: Navigating Successful Transitions presents a comprehensive approach to guiding such efforts. Small and family-owned businesses rarely employ first-rate, well-qualified talent in human resources. More typically, business owners must be jacks-of-all-trades and serve as their own accountants, lawyers, business consultants, marketing experts, and HR wizards. Unfortunately, that does not always work well when business owners embark on planning for retirement or business exits. To help business owners avert problems, this book advises on some of the management, tax and financial, legal, and psychological issues that should be considered when planning retirement or other exits from the business. This comprehensive approach is unique when compared to the books, articles, and other literature that currently exist on the market. This book takes on a bold and integrated approach. Relevant research combined with the rich experiences of the authors connects this thorough, evidence-based approach to action-based approaches for the reader.

Family Business Models

Author : A. Gimeno
Publisher : Springer
ISBN 13 : 0230282148
Total Pages : 181 pages
Book Rating : 4.2/5 (32 download)

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Book Synopsis Family Business Models by : A. Gimeno

Download or read book Family Business Models written by A. Gimeno and published by Springer. This book was released on 2010-05-13 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: An exceptional new work on family business, showing how to maintain a balanced relationship between the family and the company, and ensure satisfactory business results. This roadmap helps the reader to build better managed and more stable family firms.

Modelling and Analysis of Sustainability Related Issues in New Era

Author : Wen-Hsien Tsai
Publisher : MDPI
ISBN 13 : 3039210246
Total Pages : 352 pages
Book Rating : 4.0/5 (392 download)

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Book Synopsis Modelling and Analysis of Sustainability Related Issues in New Era by : Wen-Hsien Tsai

Download or read book Modelling and Analysis of Sustainability Related Issues in New Era written by Wen-Hsien Tsai and published by MDPI. This book was released on 2019-06-24 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this Special Issue is to investigate topics related to sustainability issues in the new era, especially in Industry 4.0 or other new manufacturing environments. Under Industry 4.0, there have been great changes with respect to production processes, production planning and control, quality assurance, internal control, cost determination, and other management issues. Moreover, it is expected that Industry 4.0 can create positive sustainability impacts along the whole value chain. There are three pillars of sustainability, including environmental sustainability, economic sustainability, and social sustainability. This Special Issue collects 15 sustainability-related papers from various industries that use various methods or models, such as mathematical programming, activity-based costing (ABC), material flow cost accounting, fuel consumption model, artificial intelligence (AI)-based fusion model, multi-attribute decision model (MADM), and so on. These papers are related to carbon emissions, carbon tax, Industry 4.0, economic sustainability, corporate social responsibility (CSR), etc. The research objects come from China, Taiwan, Thailand, Oman, Cyprus, Germany, Austria, and Portugal. Although the research presented in this Special Issue is not exhaustive, this Special Issue provides abundant, significant research related to environmental, economic, and social sustainability. Nevertheless, there still are many research topics that require our attention to solve problems of sustainability.

Innovation in the Family Business

Author : Joe Schmieder
Publisher : Springer
ISBN 13 : 113738624X
Total Pages : 125 pages
Book Rating : 4.1/5 (373 download)

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Book Synopsis Innovation in the Family Business by : Joe Schmieder

Download or read book Innovation in the Family Business written by Joe Schmieder and published by Springer. This book was released on 2014-12-29 with total page 125 pages. Available in PDF, EPUB and Kindle. Book excerpt: Schmieder shares a broad range of tools and pathways that family businesses across sectors use to stimulate, execute, measure, and reward innovation. The 50-plus family stories cited in this book will inspire any family enterprise to create a strategy and environment that can stimulate success for many generations to come.

L'dor V'dor: Generation to Generation

Author : Matthew R. Kerzner Ph.D.
Publisher : AuthorHouse
ISBN 13 :
Total Pages : 142 pages
Book Rating : 4.8/5 (23 download)

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Book Synopsis L'dor V'dor: Generation to Generation by : Matthew R. Kerzner Ph.D.

Download or read book L'dor V'dor: Generation to Generation written by Matthew R. Kerzner Ph.D. and published by AuthorHouse. This book was released on 2023-06-21 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: Succession planning was a vital process for family-owned businesses and was used to describe a wide variety of activities, including identifying talent and skill gap analysis. One of the outcomes of this book is to explore practices that CEOs or owners in FOBs used in their succession planning transition. Through the lens of organizational health, employee engagement, and succession planning transition, I was able to better understand the CEO or owner’s perception that impacted the outcome of these three conceptual frameworks. Upon completion of this qualitative study, it was evident that the perceptions of the 15 CEOs or owners of the FOBs drove the data that provided the emerging themes. The emerging themes were utilized to compare past research and helped develop future practices to identify the preparedness levels of CEOs or owners as they completed a succession transition. In addition to developing practices that identified the levels of preparedness for CEOs or owners, I developed an audit to serve this purpose. Succession planning in family-owned businesses was a topic of importance; although generations were transitioning their businesses, their legacy was what remained constant. In developing their succession planning transition, CEOs or owners needed to be respectful of their past, be mindful of the present, and be prepared for the future.