The Two Sides Of The Business Family

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The Two Sides of the Business Family

Author : Arist von Schlippe
Publisher : Springer Nature
ISBN 13 : 3030602001
Total Pages : 260 pages
Book Rating : 4.0/5 (36 download)

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Book Synopsis The Two Sides of the Business Family by : Arist von Schlippe

Download or read book The Two Sides of the Business Family written by Arist von Schlippe and published by Springer Nature. This book was released on 2021-01-04 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on a central success factor for family businesses: maintaining the decision-making ability over generations while not jeopardizing the business due to family conflict, inefficient governance structures, or lack of identification. The authors identify that this is not as easy as the endeavor to bring two social systems together with contradicting logic (family and business) leads to many dangerous pitfalls. This book presents outcomes of a unique research project in which family managers of eleven of the oldest and largest German family businesses, at least the fourth generation, met for more than three years on a regular basis and presented the essence of their family governance structures to each other and to the authors. It was a joint “learning journey” that admits identifying twelve core questions that these families had been answering to keep up the relationship between family and business successfully over generations. Obviously, there is no “right” answer to these questions. The key to success is rather engaging the families in a process to find out their own answers and make them aware of the “two sides”: being a family is different from being a business family.

The Two Sides of the Business Family

Author : Arist von Schlippe
Publisher : Springer
ISBN 13 : 9783030602024
Total Pages : 246 pages
Book Rating : 4.6/5 (2 download)

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Book Synopsis The Two Sides of the Business Family by : Arist von Schlippe

Download or read book The Two Sides of the Business Family written by Arist von Schlippe and published by Springer. This book was released on 2022-01-06 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on a central success factor for family businesses: maintaining the decision-making ability over generations while not jeopardizing the business due to family conflict, inefficient governance structures, or lack of identification. The authors identify that this is not as easy as the endeavor to bring two social systems together with contradicting logic (family and business) leads to many dangerous pitfalls. This book presents outcomes of a unique research project in which family managers of eleven of the oldest and largest German family businesses, at least the fourth generation, met for more than three years on a regular basis and presented the essence of their family governance structures to each other and to the authors. It was a joint “learning journey” that admits identifying twelve core questions that these families had been answering to keep up the relationship between family and business successfully over generations. Obviously, there is no “right” answer to these questions. The key to success is rather engaging the families in a process to find out their own answers and make them aware of the “two sides”: being a family is different from being a business family.

Family Entrepreneurship

Author : Matt R. Allen
Publisher : Springer Nature
ISBN 13 : 3030668460
Total Pages : 344 pages
Book Rating : 4.0/5 (36 download)

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Book Synopsis Family Entrepreneurship by : Matt R. Allen

Download or read book Family Entrepreneurship written by Matt R. Allen and published by Springer Nature. This book was released on 2021-04-05 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides recent ideas, insights, facts, evidence, frameworks, and perspectives on how and why entrepreneurial families are successful over generations. The book focuses on how families successfully implement entrepreneurship across generations. That success, it argues, requires entrepreneurship at the level of the family, not only in the businesses the family owns and manages. Written by noted academics and consultants who are authorities on family entrepreneurship, the chapters provide a comprehensive exploration of the characteristics of successful entrepreneurial families, their motivations, how they behave over time, and, suggestions for how business families can encourage and sustain entrepreneurship. This comprehensive look at family entrepreneurship will serve as a fundamental reference text for family business consultants, owners, and scholars.

Sociology of the Business Family

Author : Heiko Kleve
Publisher : Springer Nature
ISBN 13 : 3658422165
Total Pages : 306 pages
Book Rating : 4.6/5 (584 download)

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Book Synopsis Sociology of the Business Family by : Heiko Kleve

Download or read book Sociology of the Business Family written by Heiko Kleve and published by Springer Nature. This book was released on with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt:

De Gruyter Handbook of Business Families

Author : Michael Carney
Publisher : Walter de Gruyter GmbH & Co KG
ISBN 13 : 3110728052
Total Pages : 422 pages
Book Rating : 4.1/5 (17 download)

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Book Synopsis De Gruyter Handbook of Business Families by : Michael Carney

Download or read book De Gruyter Handbook of Business Families written by Michael Carney and published by Walter de Gruyter GmbH & Co KG. This book was released on 2023-01-30 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: The management field increasingly recognizes that most firms in the world are family firms and that these entities operate differently from the non-family firms on which most of our current management theories are based. The De Gruyter Handbook of Business Families brings together work from leading academics who explore emerging research themes relevant to business families, particularly drawing in new insights from adjacent disciplines that can advance the family business field. The handbook challenges the traditional notion of the "single firm–single family" that has characterized most early research on family business. Recognizing that families may simultaneously own or control multiple businesses as well as substantial wealth beyond these firms in the form of financial and non-financial assets, this handbook focuses on business families rather than the narrower construct of family business. The contributions in this handbook explore the relatively neglected dynamics between individuals with family ties that shape the interaction between family and business; business families with multiple businesses; how business families adopt formal rules and processes around their joint activities; and the institutionalization of wealth and business families in society. The De Gruyter Handbook of Business Families fills a gap in the family business research literature and is an essential reference work for researchers and graduate-level students in the area of business families.

Conflicts and Conflict Dynamics in Business Families

Author : Arist von Schlippe
Publisher : Springer Nature
ISBN 13 : 3031502264
Total Pages : 93 pages
Book Rating : 4.0/5 (315 download)

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Book Synopsis Conflicts and Conflict Dynamics in Business Families by : Arist von Schlippe

Download or read book Conflicts and Conflict Dynamics in Business Families written by Arist von Schlippe and published by Springer Nature. This book was released on with total page 93 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Managing Business Family Dynasties

Author : Tom A. Rüsen
Publisher : Springer Nature
ISBN 13 : 3030826198
Total Pages : 139 pages
Book Rating : 4.0/5 (38 download)

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Book Synopsis Managing Business Family Dynasties by : Tom A. Rüsen

Download or read book Managing Business Family Dynasties written by Tom A. Rüsen and published by Springer Nature. This book was released on 2021-10-15 with total page 139 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals with dynastic business families. Such families are characterized by a circle of owners comprising more than 50 family members, which typically face specific issues and challenges for which there has been little research knowledge and practical approaches until now. The book presents results and findings from a special research project on “big family management” where 7 representatives of dynastic families from Germany were studied over a 3-year period. The result was the identification of six topic areas that management in these business families has to deal with. At the same time, the study observes that dynastic business families hardly follow the logic of classic families anymore, but can rather be understood as networks with common family backgrounds. The study also reveals that a large number of business families are heading for large shareholder groups due to changed inheritance practices. The contents outlined here provide an orientation framework for the growing business family.

Elgar Encyclopedia of Family Business

Author : Carole Howorth
Publisher : Edward Elgar Publishing
ISBN 13 : 1800888724
Total Pages : 477 pages
Book Rating : 4.8/5 (8 download)

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Book Synopsis Elgar Encyclopedia of Family Business by : Carole Howorth

Download or read book Elgar Encyclopedia of Family Business written by Carole Howorth and published by Edward Elgar Publishing. This book was released on 2024-03-14 with total page 477 pages. Available in PDF, EPUB and Kindle. Book excerpt: The intertwining of family relationships with business imperatives provides a fascinating but complex arena for study. This Encyclopedia is a valuable resource because family business studies are necessarily multi-disciplinary and wide-ranging, drawing on entrepreneurship, management, governance, economics, ethics, business history, as well as family studies.

The SAGE Handbook of Family Business

Author : Leif Melin
Publisher : SAGE
ISBN 13 : 1473971225
Total Pages : 491 pages
Book Rating : 4.4/5 (739 download)

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Book Synopsis The SAGE Handbook of Family Business by : Leif Melin

Download or read book The SAGE Handbook of Family Business written by Leif Melin and published by SAGE. This book was released on 2013-11-15 with total page 491 pages. Available in PDF, EPUB and Kindle. Book excerpt: The SAGE Handbook of Family Business captures the conceptual map and state-of-the-art thinking on family business - an area experiencing rapid global growth in research and education since the last three decades. Edited by the leading figures in family business studies, with contributions and editorial board support from the most prominent scholars in the field, this Handbook reflects on the development and current status of family enterprise research in terms of applied theories, methods, topics investigated, and perspectives on the field′s future. The SAGE Handbook of Family Business is divided into following six sections, allowing for ease of navigation while gaining a multi-dimensional perspective and understanding of the field. Part I: Theoretical perspectives in family business studies Part II: Major issues in family business studies Part III: Entrepreneurial and managerial aspects in family business studies Part IV: Behavioral and organizational aspects in family business studies Part V: Methods in use in family business studies Part VI: The future of the field of family business studies By including critical reflections and presenting possible alternative perspectives and theories, this Handbook contributes to the framing of future research on family enterprises around the world. It is an invaluable resource for current and future scholars interested in understanding the unique dynamics of family enterprises under the rubric of entrepreneurship, strategic management, organization theory, accounting, marketing or other related areas.

Emotional and Financial Wellness in the Family Business

Author : Reny Recarte
Publisher : WestBow Press
ISBN 13 :
Total Pages : 143 pages
Book Rating : 4.3/5 (85 download)

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Book Synopsis Emotional and Financial Wellness in the Family Business by : Reny Recarte

Download or read book Emotional and Financial Wellness in the Family Business written by Reny Recarte and published by WestBow Press. This book was released on 2023-11-15 with total page 143 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is it possible to enjoy being with the family and working together? How easy is to make business decisions when your family is involved? If you are part of a family business, you know the particular challenges that must be faced on a daily basis: confusing roles, dysfunctional communication, mixed feelings, antagonistic expectations... This book is a breath of fresh air that will help you find the necessary balance between love for your family and business discipline. It contemplates situations that are experienced in family businesses from its creation to the generational transition. Reny Recarte, based on biblical principles, real cases, academic knowledge and his own experience, delivers in a simple and delightful way 55 reflections with practical advice to improve professional performance, encourage family understanding and prepare for transcendence. This content will make it easier for you to identify opportunities for improvement in relation to: governance bodies, patrimonial shielding mechanisms, family constitution, succession plan, social awareness, strategic planning, financial and legal aspects. Remember that your daily work goes beyond today, you are building a spiritual, emotional and financial legacy through your family business!

The Carousel of Indignation and Outrage

Author : Arist von Schlippe
Publisher : Vandenhoeck & Ruprecht
ISBN 13 : 3647993034
Total Pages : 261 pages
Book Rating : 4.6/5 (479 download)

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Book Synopsis The Carousel of Indignation and Outrage by : Arist von Schlippe

Download or read book The Carousel of Indignation and Outrage written by Arist von Schlippe and published by Vandenhoeck & Ruprecht. This book was released on 2024-07-15 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: Conflicts have accompanied mankind since time immemorial, and for almost as long people have been trying to limit and deal with them – whether as those affected by them or as professionals with more or less success. For once a system of conflict has developed, once negative expectation structures and with them negative self-evident truths and inherent laws have developed, it becomes increasingly difficult for those involved to escape them: The complexity of our social world, in which it is not easy for communication to find its way, remains unseen. A violated sense of justice, misunderstandings and unfortunate attempts to correct them alternate. One begins to attribute the causes of the conflict to the "person" ("It's you! It's your fault!") and to attribute negative motives to the conflict partner ("You're only doing this because ...!"), who in turn does the same – just like a carousel that slowly gets going. A number of well-studied but little-known psychological processes occur within us when we are in conflict. Outrage at the other person grows, usually unfortunately on both sides. Slowly, the "carousel of outrage and indignation" begins to spin - faster and faster, until... The book places the various psychological mechanisms in the context of a systemic understanding of conflict and explains ways to slow down the carousel.

Entrepreneurs in Family Business Dynasties

Author : Laura Hougaz
Publisher : Springer
ISBN 13 : 3319139185
Total Pages : 272 pages
Book Rating : 4.3/5 (191 download)

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Book Synopsis Entrepreneurs in Family Business Dynasties by : Laura Hougaz

Download or read book Entrepreneurs in Family Business Dynasties written by Laura Hougaz and published by Springer. This book was released on 2015-02-23 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a longitudinal story of seven Italian-Australian family business dynasties, spanning over a hundred years across three generations, and starting with the founding generation who migrated to Australia in the first half of the 20th century. With hard work and sacrifices, they set the foundations of a long-lasting family culture, and the values that form the glue of a multigenerational family business. The book focuses on the personal, family, and business values that keep family members, across generations, continuing to engage together and successfully, as a family and a business. The book elaborates on the complexity of ‘what is a family business’, what it represents for the generational members that are part of it, how these family businesses have emerged, consolidated and expanded, and finally, how they continue to survive into the third generation, enabling the dynasty to flourish.

Enabling Next Generation Legacies

Author : Peter Jaskiewicz
Publisher : Family Enterprise Knowledge Hub Publishing
ISBN 13 : 1777806313
Total Pages : 340 pages
Book Rating : 4.7/5 (778 download)

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Book Synopsis Enabling Next Generation Legacies by : Peter Jaskiewicz

Download or read book Enabling Next Generation Legacies written by Peter Jaskiewicz and published by Family Enterprise Knowledge Hub Publishing. This book was released on 2021-12-06 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: Answering the most pressing thirty-five questions of Next Generation members in a short and concise, yet competent way—leading academics, practitioners, and enterprising families come together to empower Next Generation legacies. Masterfully detangling the intricate dynamics of the family, ownership, business, and wealth, the authors share best practices, real-life examples, and critical questions for reflection. Part 1: Family Defining family · Managing family dynamics · Dealing with conflicts · Family communication · Preparing generational transitions · Keeping the family united Part 2: Ownership Responsibilities and rights · Preparation of future owners · Dealing with non-active owners · Ownership transfers · Board expectations and roles · Owner networks Part 3: Business Preparing business entry · Working with nonfamily executives · Hiring family members · Promoting family members · Letting go of family members · Engaging family business consultants Part 4: Wealth Dealing with wealth · Pursuing a vocation outside of the family enterprise · Leaving the family enterprise · Selling the family business · Starting a family office · Pursuing philanthropy and impact investing Enabling Next Generation Legacies is a powerful guide for Next Generation members and their families to ask better questions, make better decisions, live better lives, and build stronger legacies.

Small Business

Author : Vishal K. Gupta
Publisher : John Wiley & Sons
ISBN 13 : 1119591775
Total Pages : 466 pages
Book Rating : 4.1/5 (195 download)

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Book Synopsis Small Business by : Vishal K. Gupta

Download or read book Small Business written by Vishal K. Gupta and published by John Wiley & Sons. This book was released on 2021-07-14 with total page 466 pages. Available in PDF, EPUB and Kindle. Book excerpt: Small Business: Creating Value Through Entrepreneurship offers a balanced approach to the core concepts of starting, managing, and working in a small business. An ideal textbook for undergraduate courses in small business management and entrepreneurship, the book offers a student-friendly pedagogical framework that blends foundational research on small business with the real-world practice of business ownership. Relevant examples are provided throughout the text, bringing key concepts to life while providing a realistic view of what it takes to create a successful and sustainable small business. Organized into five streamlined sections—a small business overview, paths to small business ownership, financial and legal issues, ways to grow a small business, and discussion of the “Entrepreneur’s Dilemma”—the text offers a diverse range of relatable examples drawn from both actual businesses and from depictions of entrepreneurship in popular media. Each clear and accessible chapter features discussion questions, mini-case studies, further reading lists, and color visual displays designed to enhance the learning experience and strengthen student engagement and comprehension.

The Palgrave Handbook of Managing Family Business Groups

Author : Marita Rautiainen
Publisher : Springer Nature
ISBN 13 : 3031132068
Total Pages : 663 pages
Book Rating : 4.0/5 (311 download)

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Book Synopsis The Palgrave Handbook of Managing Family Business Groups by : Marita Rautiainen

Download or read book The Palgrave Handbook of Managing Family Business Groups written by Marita Rautiainen and published by Springer Nature. This book was released on 2022-11-30 with total page 663 pages. Available in PDF, EPUB and Kindle. Book excerpt: Family business groups (FBGs) are ubiquitous, influential, and play a major role in national economies. While much of the current research around this topic has so far focused on emerging economies, more knowledge is needed on family business groups in developed economies; specifically, how they innovate, strategize, govern, and grow. Offering a comprehensive and global perspective on family business groups, this Handbook comprises international contributions from leading experts. Split into five sections, it covers strategy and business transformation; innovation strategies; management and governance; and new avenues for research on FBGs including the issues of sustainability and cultural alignment. An important resource for students and researchers of family business, strategy and management, this Handbook signals the emergence of the family business group phenomenon and solidifies research in this evolving area of study.

Understanding Family Businesses

Author : ALAN CARSRUD
Publisher : Springer Science & Business Media
ISBN 13 : 146140911X
Total Pages : 333 pages
Book Rating : 4.4/5 (614 download)

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Book Synopsis Understanding Family Businesses by : ALAN CARSRUD

Download or read book Understanding Family Businesses written by ALAN CARSRUD and published by Springer Science & Business Media. This book was released on 2011-10-29 with total page 333 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Families in Business

Author : Kathleen Randerson
Publisher : Taylor & Francis
ISBN 13 : 1000801357
Total Pages : 172 pages
Book Rating : 4.0/5 (8 download)

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Book Synopsis Families in Business by : Kathleen Randerson

Download or read book Families in Business written by Kathleen Randerson and published by Taylor & Francis. This book was released on 2022-11-28 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a ‘contemporary’ understanding of families in business and serves as a springboard for ongoing evolution of families, their composition, transformations, and activities. The first chapter in this volume highlights the different approaches to family and concludes that identifying and understanding the entity ‘family in business’ is the cornerstone to understanding behaviours of family businesses. The concept of ‘family in business’ as a socially constructed entity allows for not only a broader scope of the concept to include individuals who share a faith (chapter 2), but also multi- generational families and chosen families. Narratives, or stories, are means for families in business to mark the boundary of the family in business (chapter 3), because not all members of the family are necessarily members of the family in business. Families and their businesses influence each other (chapter 4) and engender the family influence on the firm (‘familiness’) and firm influence of the family (‘enterpriseness’). The last two chapters are dedicated to transgenerational family businesses, with a focus on learning between generations—chapter 5 highlights the importance of unlearning (to learn new knowledge and different ways of conducting business) and the final chapter focuses on what knowledge is actually transferred relative to initial plans. The chapters in this book were originally published as a special issue of Entrepreneurship & Regional Development.