The Essence of a Family Enterprise

The Essence of a Family Enterprise
Author: Samuel Curtis Johnson
Publisher:
Total Pages: 196
Release: 1988
Genre: Business enterprises
ISBN:

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Family Enterprise

Family Enterprise
Author: The Family Firm Institute, Inc
Publisher: John Wiley & Sons
Total Pages: 192
Release: 2013-11-25
Genre: Business & Economics
ISBN: 1118730925

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A thorough explanation of how family enterprises work The family enterprise, whether an operating business, a family office, or both, is the backbone of the US and international economies. These enterprises cut across industries and geographies and can be first-generation entrepreneurial companies or multi-generational businesses with family offices. This book offers a foundation in and understanding of how family enterprises work, including working definitions and the key characteristics of family enterprises, as well as useful concepts for working with and in family enterprises, either as a professional or as a family member. Written by the experts at the Family Firm Institute, a global network of professionals, educators, researchers, and owners of family enterprises An ideal resource for professionals in law, finance, management, and behavioral science, family office and fund managers, and others interested in an multidisciplinary approach to this field

Family Enterprises

Family Enterprises
Author: Peter Leach
Publisher: Profile Books
Total Pages: 377
Release: 2016-01-21
Genre: Business & Economics
ISBN: 1782832068

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Family firms are to be found in every sector of commercial activity. Commitment, family values and pride in the business are typically their special strengths, yet they also face major challenges in reconciling the needs of the business with those of the family. Drawing on the author's extensive experience of working with and advising some of the world's most successful business families, this new and updated edition of Family Enterprises: The Essentials explains the pitfalls, tensions and competing demands that destroy too many family businesses. These problems can be avoided, and Peter Leach reveals the techniques and strategies needed to do so. Running a successful family business is always a huge challenge, but this book offers real insight and guidance on how to keep both business and family united and buoyant.

The Family Business Map

The Family Business Map
Author: M. Bennedsen
Publisher: Springer
Total Pages: 179
Release: 2014-09-29
Genre: Business & Economics
ISBN: 1137382368

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Combining the expertise of two consultants and academics from East and West, this book provides an international guide for family businesses, showing how to identify and implement the best governance strategies. Packed with case studies and interviews, this is the ultimate guide for family businesses wanting to achieve long-term success.

Borrowed from Your Grandchildren

Borrowed from Your Grandchildren
Author: Dennis T. Jaffe
Publisher: John Wiley & Sons
Total Pages: 508
Release: 2020-02-25
Genre: Business & Economics
ISBN: 1119573815

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Families share how they have maintained and grown their wealth from generation to generation. While creating wealth is a wonderful achievement, business families are also concerned with how their wealth is used to support their values, the lives of their children and the well-being of the community. Over several generations, families who are successful in growing their wealth have been able to reinvent themselves and their business in the face of significant environmental transformations and internal differences cause by family dynamics. Borrowed from my Grandchildren is a fascinating look at how large, long-lasting business families succeed across generations. Author Dennis T. Jaffe, one of the leading architects of the field of family enterprise consulting, has interviewed members of successful, well known, 100-year family enterprises from 20 countries, who serve as role models for those wishing to see their wealth positively impact their children, employees, and communities. Half continue to own their legacy business and others have gone on to become family offices with a portfolio of shared assets, but all these families have sustained their values and identity as a family over more than three generations. Offering the collected wisdom of nearly 100 global business families, this insightful book shares the real-life stories of partners in business and wealth management over three of more generations. Families that generate rather than reduce their wealth across generations, known as Generative Families, focus on engaging across generations and develop collaborative governance for both family and business to ensure responsible stewardship from one generation to the next. This unique resource: Presents real-life stories of families sustaining wealth over generations Explores both the successes and failures of retaining family wealth Includes rare private insights from members of prominent wealthy families Examines the nature of global family enterprises and their evolution over generations Discusses the financial, human, and social dimensions of wealth Borrowed from my Grandchildren: The Evolution of Stewardship in 100-Year Families is an essential read for family members, non-family executives, family offices, estate planning lawyers, family business consultants, trust officers, philanthropic and foundation advisors, financial advisors, financial planners, CPAs, and other finance professionals.

Managing Conflict in the Family Business

Managing Conflict in the Family Business
Author: K. Rhodes
Publisher: Springer
Total Pages: 130
Release: 2013-04-29
Genre: Business & Economics
ISBN: 113732130X

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Family Business Conflict Archetypes, Frames, Roles, and Tactics are discussed in this book with a view toward educating readers to the common conflict cycles that family businesses encounter. More specifically the book will address twelve conflicts that are common in family owned businesses, how to spot them and how to resolve them.

10 REASONS AND BENEFITS FOR STARTING A FAMILY BUSINESS

10 REASONS AND BENEFITS FOR STARTING A FAMILY BUSINESS
Author: VICTORIA OMA WHITEMAN
Publisher: VICTORIA OMA WHITEMAN
Total Pages: 83
Release: 2024-07-12
Genre: Family & Relationships
ISBN:

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10 Reasons and Benefits of Starting a Family Business - Building Success Through Family Unity** In "10 Reasons and Benefits of Starting a Family Business," Victoria Oma Whiteman, also known as Chicpreneur, explores the unique advantages and compelling reasons why families should consider venturing into business together. This insightful book provides practical insights, expert advice, and inspirational stories of successful family enterprises, offering a roadmap for leveraging familial bonds to achieve entrepreneurial success. **Harnessing the Power of Family Unity** "10 Reasons and Benefits of Starting a Family Business" is a comprehensive guide for families looking to capitalize on their strengths, values, and shared vision through entrepreneurship. This book highlights the transformative impact of familial collaboration in business, emphasizing the advantages of working closely with loved ones to build a lasting legacy. **Key Themes and Insights** - **Advantages of Family Dynamics**: Explores how familial relationships can foster trust, collaboration, and long-term commitment essential for business success. - **Shared Vision and Values**: Illustrates the importance of aligning family values with business goals to create a cohesive and purpose-driven enterprise. - **Entrepreneurship as a Family Endeavor**: Provides strategies for overcoming challenges unique to family businesses, such as succession planning and conflict resolution. - **Building a Legacy**: Guides families on preserving and passing down entrepreneurial ventures to future generations, ensuring continuity and growth. - **Innovation and Adaptability**: Examines how family businesses can innovate and adapt to market changes while maintaining their core values and traditions. - **Financial Benefits**: Discusses financial advantages such as tax benefits, shared resources, and reduced operational costs associated with family-run enterprises. - **Success Stories and Case Studies**: Showcases inspiring examples of families who have successfully navigated the complexities of entrepreneurship, achieving both personal and professional fulfillment. **Expert Guidance and Practical Advice** "10 Reasons and Benefits of Starting a Family Business" combines expert guidance from successful family business owners with practical advice on effective management, growth strategies, and sustaining harmony within the family unit. Each chapter offers actionable insights and strategic approaches for leveraging familial strengths in business. **Inspiring Family Unity Through Entrepreneurship** At its core, "10 Reasons and Benefits of Starting a Family Business" celebrates the potential of family unity to drive entrepreneurial innovation and success. Whether you are considering launching a new venture with loved ones or seeking to enhance an existing family business, this book equips you with the knowledge and inspiration to build a thriving enterprise grounded in shared values and collective vision. ** Keywords** Family business advantages, starting a family business benefits, reasons for family business success, family business entrepreneurship, benefits of family-owned businesses, family business legacy, advantages of working with family, starting a business with family members, family business challenges and solutions, family business sustainability, family business leadership, family business dynamics, entrepreneurship in family businesses, family business planning, family business growth strategies, family business values, family business teamwork, succession planning in family businesses, family business innovation, managing family business conflicts.

Own It!

Own It!
Author: Wendy Sage-Hayward
Publisher: Springer Nature
Total Pages: 300
Release: 2022-11-15
Genre: Business & Economics
ISBN: 3030204197

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Very few enterprising families focus on building an owner’s mindset in family members. They are busy working and growing their enterprises (rightly so), which prioritizes and values the management role over the ownership role. Many rising generation family members do not choose the path of ownership but are simply born into it. Given these typical patterns, it is not surprising that there is little focus on valuing and building an educated owner to steward the family’s assets for future generations. This book serves as a resource and support tool to help enterprising families learn and develop thoughtful, capable ownership by investing in and nurturing an owner's mindset. This includes building “ownership literacy,” along with a genuine sense of stewardship. It offers a learning structure and approach for each stage of an owner’s development across the lifespan (from earliest years to retirement), taking into consideration the lifecycle stages of the family. The authors make clear that ownership development shouldn’t be confined to earlier ages; any owner at any age can gain ownership-related perspective and skills that can contribute to greater family harmony and business success. The book provides enterprising families and their advisors with examples and practical advice for the promotion of knowledge, skills, and capabilities that incorporate a broad range of topics spanning from personal and interpersonal, to leadership and wealth, to business, ownership, and financial.

The Endurance of Family Businesses

The Endurance of Family Businesses
Author: Paloma Fernández Pérez
Publisher: Cambridge University Press
Total Pages: 307
Release: 2013-09-30
Genre: Business & Economics
ISBN: 1107037751

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A collection of essays offering an overview of the importance and resilience of family-controlled large businesses.

Understanding the Family Business

Understanding the Family Business
Author: Keanon Alderson
Publisher: Business Expert Press
Total Pages: 185
Release: 2011
Genre: Family-owned business enterprises
ISBN: 1606491695

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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.