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Author: Annika Hall
Publisher: Edward Elgar Publishing
ISBN: 1781009082
Category : Business & Economics
Languages : en
Pages : 193
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Book Description
'Bringing the family and its related complexity back into the discussion of how to build healthy and long-term oriented relationships in business families, Annika Hall's book is both comprehensive and profound. It's a must-read for every family member involved in a family business, whether as owner, manager, potential successor, or as a family member of a business family.' – Sabine B. Rau, WHU-Otto Beisheim School of Management, Germany 'A crisp thought provoking book in which Annika Hall deftly brings to life the multiple dimensions and rationalities in family enterprises. She skilfully interprets these complexities in the fascinating story of the Indiska Magasinet AB (Indiska), a third generation Swedish retail enterprise of the Thambert family, from the pre-founding years until the beginning of the 21st century. Scholars and practitioners alike will enjoy gaining a richer perspective and deeper understanding of family enterprises.' – Pramodita Sharma, University of Vermont, US and Editor, Family Business Review This engaging book reveals how and why family relations influence the dynamics of family owned businesses. The author examines the relevance of role and identity to the strategic development and the succession process of family businesses. She explores the individual and organisational implications of these roles and identities at different stages in the family and business life cycles. Annika Hall highlights that family businesses have inherent dynamics, rooted in family relations, that might advantage business development assuming that the family is able to meet the inherent challenges of role transition. The book connects micro, socio-psychological aspects to more macro business outcomes, with the purpose of elaborating how and why these connections are made. Expertly integrating a detailed case study and by concluding with concrete advice, the closeness to practice is explicit and therefore strongly appealing to practitioners. By also integrating the practice with theory, the book will prove essential for academics and students of interpretive methodology and/or family business.
Author: Annika Hall
Publisher: Edward Elgar Publishing
ISBN: 1781009082
Category : Business & Economics
Languages : en
Pages : 193
Get Book Here
Book Description
'Bringing the family and its related complexity back into the discussion of how to build healthy and long-term oriented relationships in business families, Annika Hall's book is both comprehensive and profound. It's a must-read for every family member involved in a family business, whether as owner, manager, potential successor, or as a family member of a business family.' – Sabine B. Rau, WHU-Otto Beisheim School of Management, Germany 'A crisp thought provoking book in which Annika Hall deftly brings to life the multiple dimensions and rationalities in family enterprises. She skilfully interprets these complexities in the fascinating story of the Indiska Magasinet AB (Indiska), a third generation Swedish retail enterprise of the Thambert family, from the pre-founding years until the beginning of the 21st century. Scholars and practitioners alike will enjoy gaining a richer perspective and deeper understanding of family enterprises.' – Pramodita Sharma, University of Vermont, US and Editor, Family Business Review This engaging book reveals how and why family relations influence the dynamics of family owned businesses. The author examines the relevance of role and identity to the strategic development and the succession process of family businesses. She explores the individual and organisational implications of these roles and identities at different stages in the family and business life cycles. Annika Hall highlights that family businesses have inherent dynamics, rooted in family relations, that might advantage business development assuming that the family is able to meet the inherent challenges of role transition. The book connects micro, socio-psychological aspects to more macro business outcomes, with the purpose of elaborating how and why these connections are made. Expertly integrating a detailed case study and by concluding with concrete advice, the closeness to practice is explicit and therefore strongly appealing to practitioners. By also integrating the practice with theory, the book will prove essential for academics and students of interpretive methodology and/or family business.
Author: Manfred F. R. Kets de Vries
Publisher: John Wiley & Sons
ISBN: 0470687479
Category : Business & Economics
Languages : en
Pages : 324
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Book Description
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.
Author: Marita Rautiainen
Publisher: Springer
ISBN: 3319985426
Category : Business & Economics
Languages : en
Pages : 410
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Book Description
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.
Author: Kelin E. Gersick
Publisher: Harvard Business Press
ISBN: 087584555X
Category : Business & Economics
Languages : en
Pages : 316
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Book Description
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.
Author: Amy Schuman
Publisher: Palgrave Macmillan
ISBN: 0230291767
Category : Business & Economics
Languages : en
Pages : 226
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Book Description
Learn how to overcome the paradox of family business, and understand that synergy of the two entities will bring greater success than choosing one over the other
Author: R. Carlock
Publisher: Springer
ISBN: 0230508758
Category : Business & Economics
Languages : en
Pages : 289
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Book Description
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.
Author: Josh Baron
Publisher: Harvard Business Press
ISBN: 1633699064
Category : Business & Economics
Languages : en
Pages : 229
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Book Description
Navigate the complex decisions and critical relationships necessary to create and sustain a healthy family business—and business family. Though "family business" may sound like it refers only to mom-and-pop shops, businesses owned by families are among the most significant and numerous in the world. But surprisingly few resources exist to help navigate the unique challenges you face when you share the executive suite, financial statements, and holidays. How do you make the right decisions, critical to the long-term survival of any business, with the added challenge of having to do so within the context of a family? The HBR Family Business Handbook brings you sophisticated guidance and practical advice from family business experts Josh Baron and Rob Lachenauer. Drawing on their decades-long experience working closely with a wide range of family businesses of all sizes around the world, the authors present proven methods and approaches for communicating effectively, managing conflict, building the right governance structures, and more. In the HBR Family Business Handbook you'll find: A new perspective on what makes family businesses succeed and fail A framework to help you make good decisions together Step-by-step guidance on managing change within your business family Key questions about wealth, unique to family businesses, that you can't afford to ignore Assessments to help you determine where you are—and where you want to go Stories of real companies, from Marchesi Antinori to Radio Flyer Chapter summaries you can use to reinforce what you've learned Keep this comprehensive guide with you to help you build, grow, and position your family business to thrive across generations. HBR Handbooks provide ambitious professionals with the frameworks, advice, and tools they need to excel in their careers. With step-by-step guidance, time-honed best practices, and real-life stories, each comprehensive volume helps you to stand out from the pack—whatever your role.
Author: Andrew Keyt
Publisher: John Wiley & Sons
ISBN: 1118928962
Category : Business & Economics
Languages : en
Pages : 224
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Book Description
Establish credibility as the new family business leader Myths & Mortals, Family Business Leadership and Succession Planning provides insights and strategies for successors of family businesses. Successors often find themselves in the shadow of their parents making it difficult to establish credibility in the family business and tap into their own strengths. The stress of emulating a parent begins to clash with who they are and who they want to be as a leader. Written by internationally known business strategist and succession planning expert Andrew Keyt, this guide shows you how to establish credibility, take your place at the head of the table, and run your business your way. In groundbreaking research, Keyt interviewed more than 25 successors of family business legends including Massimo Ferragamo, Bill Wrigley Jr., Christie Hefner, and John Tyson to find out how they overcame the challenges successors commonly face.The analysis from that study formed the basis for the strategies presented here—to help you win the loyalty of those stuck in the old way of doing business, and still focused on their former leader's vision. You'll learn how to take charge without sacrificing your own leadership style, and how to get everyone on board with your vision for the business. Growing up in the shadow of legendary family business leaders creates a unique challenge for successors to the leadership position. You cannot remove the emotional power of family dynamics from the business, but you can change how you choose to react to it. To be successful, you need to create a sense of identity and credibility, and step out of the shadows of your forbears. This guide provides strategies for doing just that, so you can take the reins and be the effective leader your business needs. Overcome the obstacles successors commonly face Win over those still loyal to their former leader Build your own credibility, separate from your parents Develop your own leadership style and do business your way Credibility is elemental to business leadership, but establishing that credibility is the successor's biggest challenge. Myths & Mortals, Family Business Leadership and Succession Planning helps you plan around the obstacles and avoid common missteps so you can lead more effectively right out of the gate.
Author: Otis W. Baskin
Publisher: Macmillan
ISBN: 0230115985
Category : Business & Economics
Languages : en
Pages : 108
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Book Description
Identifying and developing leaders in a family business can be more difficult than traditional business. How do you develop each child differently, how do you lead your sibling-- who in fact may be older than you? Balancing the diverse demands of your business, your family, and your shareholders means taking extra effort. Here authors Aronoff and Baskin discuss the different styles of leadership and what style might work with what family member—including the Directing Leader; the Coaching Leader; the Counseling Leader; and the Delegating Leader.
Author: Ritch L. Sorenson
Publisher: Edward Elgar Publishing
ISBN: 1782547541
Category : Business & Economics
Languages : en
Pages : 255
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Book Description
•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
