Download or read book Mixing Family with Business a Study of Tai Business Groups and the Families Behind Them written by and published by . This book was released on 2008 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Lessons to Grow a Billion Dollar Company written by Samih T. Darwazah and published by . This book was released on 2014-11-01 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Mixing Family with Business written by Marianne Bertrand and published by . This book was released on 2008 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Families run a large fraction of business groups around the world. In this paper, we analyze how the structure of the families behind these business groups affects the groups' organization, governance and performance. To address this question, we constructed a unique data set of family trees and business groups for nearly 100 of the largest business families in Thailand. We find a strong positive association between family size and family involvement in the ownership and control of the family business. The sons of the founders play a central role in both ownership and board membership, especially when the founder of the group is gone. The availability of more sons is also associated with lower firm-level performance, especially when the founder is no longer present. We identify a possible governance channel for this performance effect. Excess control by sons, but not other family members, is associated with lower firm performance. In addition, excess control by sons increases with the number of sons and with the death of the founder. One hypothesis that emerges from our analysis is that part of the decay of family-run groups over time may be due to a dilution of ownership and control across a set of equally powerful descendants of the founder, which creates a race to the bottom in tunneling resources out of the group firms.
Download or read book Understanding the Family Business written by Keanon Alderson and published by Business Expert Press. This book was released on 2011 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this book is to provide readers with an introductory overview of family business, the most prevalent form of business in the world. The differences between family and nonfamily businesses are emphasized in this book. There are several key audiences: As a supplemental text for university undergraduate or graduate level courses such as small business management, introduction to business, entrepreneurship, or family studies. Members of family businesses will benefit from the book as an introduction to the unique nature of family businesses. Professional advisors to family firms such as accountants, attorneys, bankers, insurance providers, and financial services professionals may develop a better understanding of their clients. Suppliers to family businesses will gain insight to this important business customer. Much of the literature on family business is from the United States; an attempt has been made to present relevant international information, as well. Chapter one defines a family business and provides an overview of family business. Chapter two explores the many differences between a family owned business and a nonfamily owned business. Chapter three explores the major family business theories. Chapter four discusses how family firms make business decisions. Chapter five explores the significant issues prevalent in a family firm. Chapter six explores the most problematic issue in family firms: succession or the transfer of ownership to the next generation. Chapter seven explores the many differences among the generations of a family firm. Chapter eight presents information on family business strategic planning. Chapter nine focuses on effective family business governance and use of advisors and boards. Chapter ten explores key success tips for long lasting family firms. Chapter eleven discusses trends in family business. Chapter twelve contains key points for family business professionals and suppliers who target or service family firms. Chapter thirteen presents areas for future research to advance the study of family business.
Download or read book Mixing Family with Business written by Marianne Bertrand and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Families run a large fraction of business groups around the world. In this paper, we analyze how the structure of the families behind these business groups affects the groups' organization, governance and performance. To address this question, we constructed a unique data set of family trees and business groups for nearly 100 of the largest business families in Thailand. We find a strong positive association between family size and family involvement in the ownership and control of the family business. The sons of the founders play a central role in both ownership and board membership, especially when the founder of the group is gone. The availability of more sons is also associated with lower firm-level performance, especially when the founder is no longer present. We identify a possible governance channel for this performance effect. Excess control by sons, but not other family members, is associated with lower firm performance. In addition, excess control by sons increases with the number of sons and with the death of the founder. One hypothesis that emerges from our analysis is that part of the decay of family-run groups over time may be due to a dilution of ownership and control across a set of equally powerful descendants of the founder, which creates a race to the bottom in tunneling resources out of the group firms.
Download or read book The Family Business Book written by Paul Keogh and published by Sra Books. This book was released on 2022-02-03 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: Family-owned businesses are among the most notable and numerous in the world. Some are global brands employing thousands - think Walmart, Ford and JCB - others are much smaller, more local enterprises run by their owners and staffed entirely by their family. But however big or small, running or working in a family business, and the bringing together of two conflicting and complex worlds - family and business - often presents very unique challenges for everyone involved, be they part of the family or employees and advisors. The Family Business Book draws on Paul Keogh's expertise and decades of work with family businesses of all sizes, all around the world, to help their owners, family members and employees feel informed, empowered and equipped to make the right decisions and navigate the ups and downs, successes and disappointments. Easy to read and packed with top tips, discover essential and honest guidance on: Juggling the demands of work with the expectations of family. Handling conflict and rivalries whilst dealing with intricate family dynamics. Putting effective communication at the heart of both worlds. Building clear structures and establishing sensible governance. Making critical decisions and managing change - in the family and the business! Talking about money and planning for succession. Functioning better as a family is the key to a better functioning family business, so from divorce to death, and deceit to desertion, this book never shies away from asking the difficult questions and discussing the complicated issues that families in business face to make sure both their worlds survive and thrive.
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.
Download or read book Engaged Ownership written by Amelia Renkert-Thomas and published by John Wiley & Sons. This book was released on 2015-12-14 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: Successful ownership transition requires effective decision making at the top Engaged Ownership is the definitive owner's guide to the family enterprise. Whether you're taking over a family business, family office, or trust, this book shows you how to work effectively with the management and board to keep the enterprise moving in the right direction. The first guide of its kind written from the owner's perspective, this book is designed to help owners who are truly committed to growing all forms of capital be successful in their role. You'll learn the time-tested process that helps you 'unstick' decision-making, become engaged and effective, and manage the transfer from owner control to shared ownership while minimizing risk. Improve communication and relationships with the board, and ensure that every stakeholder understands your strategies and vision for the future. You'll allay the fears that frequently accompany ownership transfers, and inspire a sense of teamwork that leads to sustainable success generation after generation. As the Baby Boomers retire, business founders and entrepreneurs worldwide are transferring ownership of privately held enterprises to their children in record numbers. It can be a complex and difficult-to-navigate time for everyone involved. This book helps you smooth the way to a successful transition, and transcend the owner's traditionally passive role. Learn to work effectively with management and the board Get everyone on the same page in terms of vision and direction Build relationships that lead to forward-thinking decision making Succeed in the ownership role by bringing your expertise to the fore Ownership transfer often triggers a radical change in family enterprise, and if poorly managed, can turn a business in the wrong direction. Engaged Ownership shows you how to build a dynamic and effective partnership with trustees, board, and management, and become a successful steward of the family's financial, human, social, and operational capital.
Download or read book Start Up Nation written by Jeffrey Sloan and published by Currency. This book was released on 2005 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: A guide to starting a profitable business includes advice, tips, and strategies for assessing one's tolerance for risk, taking advantage of one's skills, avoiding common mistakes, and focusing on what one loves to do.
Download or read book The Ultimate Family Business Survival Guide written by Priyanka Gupta Zielinski and published by Pan Macmillan. This book was released on 2021-04-26 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt: Family businesses are vital to the health of a nation’s economy, but distresses such as economic downturns and the Covid-19 pandemic can put them at grave existential risk. Drawing from her dynamic experience working with her family-owned company MPIL Steel Structures Ltd, Priyanka Gupta Zielinski presents a unique manual to help family businesses thrive, even in times of crisis. Central to it is a survival toolkit – featuring a metaphorical multipurpose hat, a flashlight, a superhero cape, a Swiss Army knife and a parachute – which prepares business owners to face any challenge head on. The book also reveals how the improvisational style of family enterprises can be leveraged better for sustainability, while identifying in their close-knit structure and community-driven approach avenues for meaningful social change. Replete with anecdotes and effective strategies – with an occasional Haryanvi idiom thrown into the mix – The Ultimate Family Business Survival Guide is a must-read for family business and MSME owners everywhere.
Download or read book Perpetuating the Family Business written by J. Ward and published by Springer. This book was released on 2016-01-12 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: John L. Ward is a leading world expert on the family business. In this book he brings together a vast amount of experience to show the, 'best practices' of the most successful and long-lasting families in business. He provides a framework of five insights and four principles in which to position his 50 lessons for family businesses. This is the most comprehensive book on sustaining the family business and contains international examples and cases and essential tools and checklists of best practice.
Download or read book Siblings and the Family Business written by NA NA and published by Springer. This book was released on 2017-07-03 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt: The family business becomes much more complex as it goes from the founder to next generations. As more family members work together several challenges become apparent and can threaten the business if not addressed. This book shows the family members how to confront the problems and how to create solutions.
Download or read book Transforming Family Businesses written by James Kwaiser and published by Createspace Independent Publishing Platform. This book was released on 2017-06-12 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: Families working together have been described as "tricky." Many identify themselves as normal because the family's dysfunctional inter-relations are considered normal. What family doesn't have some dysfunction? Transforming Family Businesses From "Dysfunctional to Extraordinary" presents real stories of families who work together. Each story deals with the challenges every family working together in business face. The personal issues that intermix with the business issues, family baggage blending with decision-making. The process presented, enables families who are committed to improve family communication and business direction, find the right solutions. The family names and specifics of the business have been changed. The issues are real and so are the results. Each story explains the challenges, the options and what the choice of each family has been. It gives the "how to" steps to effectively deal with each issue. Each family is unique and situation is different. The process explained has been designed, and is proven to work, for those families that are willing to commit to Family First. By reading and studying these stories, and with commitment, families will discover a process that can assist in helping them to overcome any challenges they will face, by living and working together. After implementing the process with numerous family businesses, we have had the opportunity to see family relationships strengthen and business grow and continue. The process outlined can work for any family but it is in working with family business where it has been the most successful. Transforming your family in business from what is considered normal (dysfunctional) to extraordinary is only 152 pages away!
Download or read book Wise Family Business written by Joachim Schwass and published by Springer. This book was released on 2016-08-18 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: Wise Family Business aims to help families in business to identify new and better ways of achieving longevity, sustainability and performance. The book presents ground-breaking new insights and practical examples from a range of growing family businesses in which the owning families are visible and, in most cases, have branded the business with their family name. This comprehensive and important study explores how family identity has the power to tie together families in business and leverage their values when developing and sharing the owner’s vision with their stakeholder communities. Developing a family business identity is key when building and managing an authentic, recognizable and trusted brand. It argues that family businesses that have successfully translated strong identities into strong brands are not only perceived as attractive employers but also add meaningful value to the business over generations.
Download or read book When Family Businesses are Best written by R. Carlock and published by Springer. This book was released on 2010-10-14 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors explore how effective planning and communication helps business families around the world address growth challenges as they strive to become high performing multi-generation family enterprises. This book shows family businesses working together at their best.
Download or read book Understanding the Family Business written by Keanon J. Alderson and published by Business Expert Press. This book was released on 2018-05-08 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: This outstanding book provides you with a detailed look at family businesses, the most prevalent form of business in the world. Whether you are a business student, or a member of a family who owns a business, you will definitely benefit from this book, which leads with an introduction to the unique nature of family businesses. Inside, the author explores the many differences between a family-owned business and a nonfamily-owned business. He discusses the major family business theories and shows how family firms make business decisions. This book also defines the significant issues prevalent in family firms and explores the most problematic issue: the succession or the transfer of ownership to the next generation. If you are a professional advisor to family firms—such as accountants, attorneys, bankers, insurance providers, and financial services—you’ll undoubtedly develop a better understanding for your clients.
Download or read book How to Make Your Family Business Last written by Mitzi Perdue and published by . This book was released on 2017-10 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: Book is a compilation of knowledge that comes from two business families which together have a combined experience of more than 224 years. Mitzi Perdue's family is the Henderson Estate Company, forerunner of the Sheraton Hotels. Her marital family started the Perdue Poultry company in 1920, and her husband was Frank Perdue. The book shares tips and techniques for why some family businesses last and why others don't. Highlights show that businesses at their best provide meaning and support for their employees and jobs, taxes and philanthropy for their communities.
