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Three Essays On Family Businesses
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Book Synopsis Generation to Generation by : Kelin E. Gersick
Download or read book Generation to Generation written by Kelin E. Gersick and published by Harvard Business Press. This book was released on 1997 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Enduring Advantage by : John A. Davis
Download or read book Enduring Advantage written by John A. Davis and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This book of short, pithy essays by John A. Davis presents fresh data on why family businesses perform better than non-family businesses around the world. Davis¿ findings and insights have profound implications for business leaders, family members, and general readers alike. 2nd Edition ¿ Revised
Book Synopsis Psychological Ownership in Family Businesses by : Fabian Bernhard
Download or read book Psychological Ownership in Family Businesses written by Fabian Bernhard and published by BoD – Books on Demand. This book was released on 2011 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book includes three essays covering the ownership perceptions individuals experience in family businesses. It advances current knowledge on the organizational factors anteceding individuals' psychological ownership as well as the attitudinal and behavioral consequences. Investigating overly strong psychological ownership, the first essay provides insights into the phenomenon of aging family business owner-managers who face difficulties in 'letting go', i. e. passing on leadership to their successor(s). The second essay offers a study of family business owner-managers' leadership styles and their influence on nonfamily employees' psychological ownership of the family business as well as individuals' motivation and performance. Given the special situation of nonfamily members working in family businesses, the third essay examines the effects of employees' and nonfamily managers' justice perceptions on both the ownership experience and commitment to the family business. The works presented in this book built a basis for several publications, such as articles in the Journal of Family Business Strategy and Group & Organization Management. Furthermore, they have been presented at various international conferences, have been nominated for a "most creative paper" award, and have contributed to the Academy of Management Best Paper Proceedings. The findings not only constitute valuable additions to current research in management and organizational psychology, but can also provide benefit for those interested in family businesses. Managers, owners, and consultants working in or for family businesses would likely gain from the practical implications.
Book Synopsis Succession in Family Businesses by : Katharina Heinrichs
Download or read book Succession in Family Businesses written by Katharina Heinrichs and published by BoD – Books on Demand. This book was released on 2014-04-08 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: Succession is inevitable and vital for the longevity of family businesses. But what do we know about succession in family businesses and where do we go from here? How does the interaction of family and business impact on succession? And which roles play identity and family member identification during the succession process? This book expands our knowledge on succession and prepares the grounds for a holistic view of succession in family businesses. Its first contribution is a systematic, replicable, and scientific review and consolidation of the theoretical and empirical literature on succession of the last 18 years into a transparent, logical, and in-depth framework. Furthermore, by analyzing the business and the family dimension in the context of succession, this book aims at detecting different succession patterns in family businesses and analyzes which factors influence the nature of successful succession processes. Besides its scientific contribution, this book helps family businesses and business families to better understand mechanisms happening during succession and enables them to identify and to understand their individual succession pattern. The findings of this book are based on a qualitative study conducted in the German Wine Industry. The sample consists of 21 family-owned and -managed German wineries, being, on average, in their 11th generation of existence. 37 semi-structured interviews held with both generations of one family if possible, translated into 695 pages of raw data. This data was coded and analyzed following a grounded theory approach.
Book Synopsis Three Essays on Teacher Labor Markets in Thailand by : Pumsaran Tongliemnak
Download or read book Three Essays on Teacher Labor Markets in Thailand written by Pumsaran Tongliemnak and published by Stanford University. This book was released on 2010 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first essay of this dissertation examines the role of teacher characteristics in schools on student outcomes using datasets from TIMSS 1999 and TIMSS 2007 international tests. Taking an advantage that students have to take both mathematics and science subjects from different teachers, I use the method of First Difference (FD) analysis in order to remove the potential biases between teacher attributes and unobserved student characteristics. The findings show some contradictory outcomes between the FD analysis and ordinary least squares (OLS) analysis. The second essay looks into the problem of recruitment of well-qualified high school and college graduates to work as primary and secondary school teachers. I compare teacher salaries and benefits vis-à-vis other mathematics and science-oriented professions namely medical professions, engineers, accountants, scientists and nurses. In addition, I compare incomes between people who graduate from teacher colleges and non-teacher colleges. Using data from Thailand Labor Force Survey from 1985 to 2005, I find that teachers are the most poorly paid of all professions, including nurses. The difference in terms of an opportunity cost between male and female teachers is also striking. Among the graduates from teacher colleges, male graduates earn more than their peers if they chose other occupations whereas female graduates earn less if they make other choices. The third essay looks at the reasons teachers choose part-time jobs, the type of jobs they choose, and the amount of income they receive from these jobs, as well as factors influencing these decisions. I find that approximately 20-25% of Thai teachers participated in moonlighting activities. The majority of them have part-time jobs including tutoring, selling food and other products, and farming. Low salaries and high level of indebtedness are the most important factors associated with the increased likelihood of having a part-time job. However, economic status does not correlate significantly with their decision to tutor as their part-time job.
Book Synopsis Stakeholder Support in Family Businesses by : Veronika Stefanie Rettenmeier
Download or read book Stakeholder Support in Family Businesses written by Veronika Stefanie Rettenmeier and published by BoD – Books on Demand. This book was released on 2014-12-11 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many family businesses fail during succession and sometimes they do because the successor is not granted the legitimacy by primary stakeholders of the company. But what does it take to be a legitimate successor in the eyes of these audiences? Are there different dimensions of legitimacy? And if so, do different stakeholder groups value the different dimensions of legitimacy differently? This book expands our knowledge of the origin and impact of a successor’s legitimacy in family owned businesses after succession. By analyzing a successor’s legitimacy on five dimensions, this work detects whether primary stakeholder groups’ decisions, to continuously provide their resources to family businesses after succession, depend on their perceived legitimacy of the successor and differ depending on the group the stakeholder belongs to. This book helps to understand why some successors are more successful than others in reassuring important resources to the company. Moreover, it helps successor candidates to identify which information they should signal toward a particular stakeholder group and how much weight should be attached to different claims and expectations. The findings of this book are based on an innovative paper-based policy-capturing analysis with family members, employees of family businesses and bankers. The participants of the experiment assessed more than 3,400 decisions to allocate further resources to the family business after succession depending on their legitimacy judgment.
Book Synopsis Business History around the World by : Franco Amatori
Download or read book Business History around the World written by Franco Amatori and published by Cambridge University Press. This book was released on 2003-09-18 with total page 445 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2003 book offered the first in-depth international survey of contemporary research and debates in business history. Over the two decades leading to its publication, enormous advances had been made in writing the history of business enterprise and business systems. Historians are documenting and analyzing the evolution of a wide range of important companies and systems, their patterns of innovation, production, and distribution, their financial affairs, their political activities, and their social impact. Each essay is written by a prominent authority who provides an assessment of the state and significance of research in his or her area. This volume is a reference work that will be of immense value to historians, economists, management researchers, and others concerned to access the latest insights on the evolution of business throughout the world.
Book Synopsis Management Consulting in Family Businesses by : David Hanisch
Download or read book Management Consulting in Family Businesses written by David Hanisch and published by BoD – Books on Demand. This book was released on 2012 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many family businesses refrain from using management consultants to support their strategic decision making. But why do some of them use consultants? And what are the reasons not to use management consultants? This book highlights under which conditions consultants are seen to be helpful and when they are rejected. It researches the use of management consultants in family businesses from different perspectives of organizational boundary research. Family businesses vary from each other. Family generation of owner & management, family influence, goal divergence among owners, and complexity are important dimensions that distinguish family businesses in their use of management consultants. This book helps family business managers and owners to understand when the use of management consultants is beneficial to them and when they should refrain from using consultants. Furthermore, it supports management consultants in tailoring their support to specific family business situations. This research is based on an innovative paper-based conjoint experiment with top managers of large German family businesses analyzing more than 1,700 decisions to use management consultants.
Book Synopsis Family Business in China, Volume 2 by : Ling Chen
Download or read book Family Business in China, Volume 2 written by Ling Chen and published by Springer Nature. This book was released on 2021-09-04 with total page 179 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unlike other economies, family businesses in China are greatly affected by the derived Confucian culture, excessive marketization, as well as the seemingly endless institutional supervision by a transitional Chinese government. China has a strong historical legacy, devoted to patriarchal values and strong family-centered traditions. This volume discusses the current status, upcoming challenges, and future prospects for family businesses in China. It explores unique organizational characteristics that are associated with Chinese family firms, such as being entrepreneurial, having concentrated power in the hands of the family business owners, and extensive family and semi-family involvement in the business. It also discusses shared features of strategic actions among Chinese family firms that include technology innovations, diversification, and internationalization, as well as the political connections that Chinese family firms often have. This book offers researchers a comprehensive overview of small family firms that are likely to be home-based microenterprises as well as large publicly traded business groups that are frequently owned by business families.
Book Synopsis Goals, Control and Conflicts in Family Offices by : Stephan Wessel
Download or read book Goals, Control and Conflicts in Family Offices written by Stephan Wessel and published by Springer Science & Business Media. This book was released on 2013-05-27 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Family offices manage and coordinate a family’s combined wealth whilst preserving the family legacy and protecting family interests. The families behind these family offices control a significant percentage of the GDP of developed economies, with consequences for financial markets. At the same time, family offices act at the intersection of family and commerce, which makes this particular form of organization appealing to the field of strategic management. Despite its practical and academic relevance, the literature has hardly explored the concept of family offices. As a result, the primary objective of this book is to introduce the domain of family offices. By exploring goals, control and conflicts in the context of family offices, this book contributes to consider this family-influenced organization an essential constituent of management research and an ever more prominent actor in today’s global financial markets.
Author :Management Association, Information Resources Publisher :IGI Global ISBN 13 :1668435519 Total Pages :1146 pages Book Rating :4.6/5 (684 download)
Book Synopsis Research Anthology on Strategies for Maintaining Successful Family Firms by : Management Association, Information Resources
Download or read book Research Anthology on Strategies for Maintaining Successful Family Firms written by Management Association, Information Resources and published by IGI Global. This book was released on 2021-08-27 with total page 1146 pages. Available in PDF, EPUB and Kindle. Book excerpt: Family-owned businesses account for many of the small and medium-sized enterprises that exist around the world in various industries. Due to their unique make up, these firms are often heavily influenced by family dynamics that must be reconciled by family and non-family workers alike in order to ensure the sustainability of the business. As smaller businesses competing against an increasingly globalized economy and more directly impacted by economic instability, especially in the wake of the COVID-19 pandemic, these businesses must continue to improve their practices and processes in order to not only survive but thrive. The Research Anthology on Strategies for Maintaining Successful Family Firms discusses the strategies, sustainability, and human aspects of family firms in order to understand what sets them apart from other businesses and how they can survive and compete in a globalized economy. This book discusses the unique dynamic brought by family firms that offers both opportunities and challenges for a growing business. Covering topics such as corporate venturing, the family unit, and business ethics, this text is an essential resource for family firms, entrepreneurs, managers, business students, business professors, researchers, and academicians.
Book Synopsis Research Handbook on Alternative Finance by : Franklin Allen
Download or read book Research Handbook on Alternative Finance written by Franklin Allen and published by Edward Elgar Publishing. This book was released on 2024-04-12 with total page 367 pages. Available in PDF, EPUB and Kindle. Book excerpt: Promoting a comparative perspective, this comprehensive Research Handbook aids in the understanding of alternative finance and its values in a global setting. Readers are encouraged to view alternative finance through the lens of economic mechanisms rather than terminology.
Book Synopsis Three Essays on Public Finance and Economics of Education by : Estelle P. Dauchy
Download or read book Three Essays on Public Finance and Economics of Education written by Estelle P. Dauchy and published by . This book was released on 2007 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Family Business on the Couch by : Manfred F. R. Kets de Vries
Download or read book Family Business on the Couch written by Manfred F. R. Kets de Vries and published by John Wiley & Sons. This book was released on 2010-03-02 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: The challenge faced by family businesses and their stakeholders, is to recognise the issues that they face, understand how to develop strategies to address them and more importantly, to create narratives, or family stories that explain the emotional dimension of the issues to the family. The most intractable family business issues are not the business problems the organisation faces, but the emotional issues that compound them. Applying psychodynamic concepts will help to explain behaviour and will enable the family to prepare for life cycle transitions and other issues that may arise. Here is a new understanding and a broader perspective on the human dynamics of family firms with two complementary frameworks, psychodynamic and family systematic, to help make sense of family-run organisations. Although this book includes a conceptual section, it is first and foremost a practical book about the real world issues faced by business families. The book begins by demonstrating that many years of achievement through generations can be destroyed by the next, if the family fails to address the psychological issues they face. By exploring cases from famous and less well known family businesses across the world, the authors discuss entrepreneurs, the entrepreneurial family and the lifecycles of the individual and the organisation. They go on to show how companies going through change and transition can avoid the pitfalls that endanger both family and company. The authors then apply tools that will help family businesses in transition and offer their analyses and conclusions. Readers should draw their own conclusions from careful examination of the cases, identifying the problems or dilemmas faced and the options for improved business performance and family relationships. They should ask what they might have done in the given situation and what new insight into individual or family behaviour each case offers. The goal is to avoid a bitter ending.
Book Synopsis The Endurance of Family Businesses by : Paloma Fernandez Perez
Download or read book The Endurance of Family Businesses written by Paloma Fernandez Perez and published by Cambridge University Press. This book was released on 2013-09-30 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Endurance of Family Businesses is a collection of essays offering an overview of the importance and resilience of family-controlled large businesses. Much of economic and business history research neglects family businesses, considering them an inefficient form of business organization. These essays discuss the strengths of family businesses: the ways family firms have managed, financed and governed their corporations, as well as the way in which they structure their relationship with the external environment, from the government to the company's stakeholders. Family businesses have learned new ways of organizing their resources and using their accumulated know-how for new markets and institutional environments. This volume combines the expertise of well-known scholars who specialize in business history, economic history, management and consulting, to provide an interdisciplinary perspective on family businesses. Contributors provide a global view by taking into account Asian, American and European experiences.
Book Synopsis Family Firms and Private Equity by : Oliver Ahlers
Download or read book Family Firms and Private Equity written by Oliver Ahlers and published by Springer. This book was released on 2014-07-25 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: Family firms are of particular importance for many economies. We know little about family firm buyouts and how they are different from non-family firm buyouts. Oliver Ahlers investigates this under-researched topic. After a comprehensive literature review on family firm buyouts, the focus of his book is on the key steps of the investment process such as family firm valuation and negotiations between PE investors and family sellers. Additionally, it is investigated how “soft factors” such as trust, reputation or commitment could play an important role when PE and family firms interact. Throughout the book, differences between family and non-family firm buyouts are highlighted.
Book Synopsis Tradition and Transformation in a Chinese Family Business by : Heung-Wah Wong
Download or read book Tradition and Transformation in a Chinese Family Business written by Heung-Wah Wong and published by Routledge. This book was released on 2019-12-05 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: Family businesses have been an important part of the economy in Hong Kong, Taiwan, Singapore, and in the Chinese diaspora, and, since the reforms, in mainland China itself. Some people have argued that the success of Chinese family businesses occurs because of the special characteristics and approach of such businesses. This book examines the nature of Chinese family business and the key issues involved by exploring in detail the case of a leading Hong Kong jewellery company which was established in the early 1960s and which has grown to become one of the biggest jewellery manufacturers, exporters, and retailers in post-war Hong Kong. The book considers the motivations of Chinese people to set up their own businesses, outlining the strategies adopted, including the strategies for raising capital, and the qualities of successful Chinese entrepreneurs. It discusses the management of the company, including relations between family members, profit sharing and succession planning, and assesses how conflict and crises are coped with and overcome. It charts the evolution of the company, looking at how it has been transformed into a listed corporation. The book concludes by arguing for the importance of studying Chinese family businesses culturally.
