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"This is the first systematic study of the succession process of Chinese family businesses which reveals what is truly happening during the time of hand-over. In explaining the features of the Chinese way of succession, special attention is paid to the transfer of social capital and guanxi, among other cultural and socioeconomic contexts, which could impact the behaviours and decisions of the family business stakeholders. Carefully selected 63 cases of family firms and the authentic words and experiences of the founders and their second generation are of high relevance in helping the readers to understand Chinese family businesses and their successions as well as to learn from their successes or failures."
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Diese empirische Untersuchung zeichnet ein Portrait moderner Unternehmerfamilien - eine soziale Einheit, die bisher im wissenschaftlichen Diskurs wenig Beachtung gefunden hat. Erkenntnisleitend sind die Begriffe Lebenslauf, Biografie und alltägliche Lebensführung. So soll - im Gegensatz zu systemtheoretischen Perspektiven - das "ganze Leben" der Unternehmerfamilien in den Blick genommen werden. Die empirische Untersuchung sorgt für einen spannenden Einblick in ein Thema, dass bisher aus wissenschaftlicher Sicht kaum Beachtung gefunden hat. Familienunternehmer-News 2/2013 Die Berliner Soziologin Isabell Stamm hat es sich zur Aufgabe gemacht, ein wissenschaftliches Modell für den Typus der Unternehmerfamilie zu entwickeln. [...] Betrachtet man die Ergebnisse der Untersuchung, dann ist es fast verwunderlich, dass es kaum Bücher zu diesem Thema gibt. Zwar zählt der Buchmarkt unzählige Publikationen zu der Frage, wie Familienstrukturen den unternehmerischen Erfolg beeinflussen können - den umgekehrten Weg aber ist bis dato kaum ein Autor gegangen. results - Das Unternehmer-Magazin der Deutschen Bank 2/2013
Sociology: family & relationships --- Families --- Family-owned business enterprises --- History. --- Succession. --- Family business succession --- Succession, Family business --- Family history (Sociology) --- Familienunternehmen --- Nachfolge --- qualitative Methoden --- Family business --- qualitative methods --- succession
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The harsh reality: 9 out of 10 of family businesses will never make it to the third generation. This book investigates which factors are critical for the success of a succession. The study of three family businesses in the third generation from Germany and the UK lead to four best practices. From the results, a new model for succession in family businesses was developed. The qualitative study is one of the first that investigates the performance of successions with an international perspective. This book is recommended for family business researchers, family business owners, advisors and students interested in family business studies.
Family-owned business enterprises --- Business enterprises, Family-owned --- Family business --- Family businesses --- Family enterprises --- Family firms --- Business enterprises --- Family business succession --- Succession, Family business --- Succession --- Management --- E-books
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Most family business owners and wealth creators share an important vision: perpetuating family and wealth for many generations to come. To ensure wealth continuity, many families put into place various structures, plans, and processes, including estate plans (which may include multiple trusts), ownership succession plans, governance structures/strategies, and others. These sometimes-elaborate plans are aimed at preserving family wealth. In reality, for many families, they don’t. In fact, it has been estimated that a majority of estate plans in place fail, largely as a result of family conflict or communication problems. Author David Lansky reveals here that too many one-size-fits-all and elaborate continuity plans fail to take into account the idiosyncratic family factors that can interfere with continuity planning. Lansky details further how building the right foundation will help families implement the best continuity plans. Addressing that foundation effectively includes understanding the building blocks that make it up, assessing their strengths, and developing strategies to improve them. The specific building blocks include: • Learning Capacity • Familyness • Safe Communication Culture • Commitment to Personal Development • Effective Leadership of Change While richly informative, this book is not intended as a training manual, but rather as a starting point for important ideas and conversations. In fact, the goal of this book is to help families consider several related factors that go into a foundation for continuity, and to build more effective continuity plans and strategies based on their assessments.
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This book presents methods for dealing with conflict in family firms. The first part of the book defines conflict in general and then in the context of family businesses. It then identifies several approaches to dealing with conflict. As the author makes clear, conflict can negatively impact the performance of a family firm while unresolved conflict often results in unsuccessful transition to the next generation. Therefore, she presents a model that looks at the causes of conflict and ways of resolving it. The second part of the book presents case studies of conflicts in family business, examining such companies as Gucci and L'Oreal and applying the theory. This book will serves as a foundational text in managing disputes in family enterprises.
Family-owned business enterprises. --- Business enterprises, Family-owned --- Family business --- Family businesses --- Family enterprises --- Family firms --- Business. --- Business and Management. --- Family Business. --- Business enterprises --- Family-owned business enterprise.
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In this book, three modern Chinese family businesses, including food and beverage company Yeo Hiap Seng, are studied to analyze the problems that family enterprises face. Other case studies include long-standing family businesses in Europe, America and Asia, such as Ford, Kikkoman and Samsung. This book also discusses the changing characteristics of Chinese family businesses, the pitfalls that such enterprises are likely to face, and how they can overcome these pitfalls and achieve sustainable development.
Family-owned business enterprises --- Success in business. --- Management. --- Succession. --- Family business succession --- Succession, Family business --- Business --- Business failures --- Creative ability in business --- Prediction of occupational success
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Empresas familiares --- Pequeñas y medianas empresas --- Revistas --- Gestión --- family business --- entrepreneurial families --- entrepreneurship --- governance --- management --- succession
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According to management and psychology courses, as well as legions of consultants in organizational psychology, shared vision in dyads, teams and organizations can fill us with hope and inspire new possibilities, or delude us into following false prophets. However, few research studies have empirically examined the impact of shared vision on key organizational outcomes such as leadership effectiveness, employee engagement, organizational citizenship, coaching and organizational change. As a result, the field of organizational psychology has not yet established a causal pattern of whether, if, and how shared vision helps dyads, teams and organizations function more effectively. The lack of empirical work around shared vision is surprising given its long-standing history in the literature. Bennis and Nanus (1982) showed that distinctive leaders managed attention through vision. The practitioner literature has long proclaimed that vision is a key to change, while Conger and Kanungo (1998) discussed its link to charismatic leadership. Around the same time, positive psychology appeared in the forms of Appreciative Inquiry (Cooperrider, Sorensen, Whitney, & Yaeger, 2000) and Positive Organizational Scholarship (Cameron, Dutton, & Quinn, 2003). In this context, a shared vision or dream became a legitimate antecedent to sustainable change. But again, empirical measurement has been elusive. More recently, shared vision has been the focus of a number of dissertations and quantitative studies building on Intentional Change Theory (ICT) (Boyatzis, 2008) at dyad, team and organization levels of social systems. These studies are beginning to lay the foundations for a systematic body of empirical knowledge about the role of shared vision in an organizational context. For example, we now know that shared vision can activate neural networks that arouse endocrine systems and allow a person to consider the possibilities of a better future (Jack, Boyatzis, Leckie, Passarelli & Khawaja, 2013). Additionally, Boyatzis & Akrivou (2006) have discussed the role of a shared vision as the result of a well-developed set of factors that produce a desired image of the future. Outside of the organizational context, positive visioning has been known to help guide future behavior in sports psychology (Loehr & Schwartz, 2003), medical treatment (Roffe, Schmidt, & Ernst, 2005), musical performance (Meister, Krings, Foltys, Boroojerdi, Muller, Topper, & Thron, 2004), and academic performance (Curry, Snyder, Cook, Ruby, & Rehm, 1997). This Research Topic for Frontiers in Psychology is a collection of 14 original papers examining the role of vision and shared vision on a wide variety of desired dependent variables from leadership effectiveness and executive performance to organizational engagement, citizenship and corporate social responsibility, and how to develop it through coaching.
Leadership --- Family Business --- relationships --- engagement --- Vision --- citizenship --- coaching --- Emotional Intelligence --- prospection --- Shared Vision
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"Why is it so diffcult for companies like Schlecker to leave once chosen paths of strategic development at the right time, and to rearrange their strategies when faced with new environmental challenges? This paper shows with a perspective on organizational path dependence theory how economic und social mechanisms might favour the reproduction of established strategies - and at the same time complicate leaving the strategical development paths even more. The part of familial influence on decision processes is researched and the factor of family in the formation of strategic path dependence is inquired based on qualitative case studies."
Economics --- Languages --- Family Business --- Path Dependence in Economics --- Anton Schlecker --- Berentzen --- Familienunternehmen --- Göttingen --- Koalition (Politik) --- Schlecker
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Buyouts involve the acquisition of the total shares or a controlling stake in a company. Oliver Ahlers analyzes buyouts that involve family firms and private equity investors. The author starts with a comprehensive literature review on family firms, private equity, and buyouts. The focus of this book is on the key steps of the buyout process such as family firm valuation and negotiations. Additionally, it is investigated how soft factors such as affective commitment and trust could play a role in buyouts. Insights of this book are derived from a survey comprising almost 180 PE-backed buyouts in Europe. Contents • Research Overview on PE, Family Firms, and Buyouts • Valuation of Family Firms • Negotiations between PE Investors and Family Firm Sellers • Importance of Soft Factors throughout Dealmaking Target Groups • Researchers and students in the field of business management with a focus on private equity, family firms and management buyouts • Private equity managers, family business CEOs and managers or shareholders as well as advisors to family businesses The Author Dr. Oliver Ahlers wrote his dissertation under the supervision of Prof. Dr. Andreas Hack and Prof. Franz W. Kellermanns at the Institute for Family Businesses at WHU - Otto Beisheim School of Management, Vallendar. About the Editors The series Familienunternehmen und KMU is edited by Prof. Dr. Andreas Hack, Prof. Dr. Andrea Calabrò, Prof. Dr. Hermann Frank, Prof. Franz W. Kellermanns Ph.D. and Prof. Dr. Thomas Zellweger. .
Family-owned business enterprises. --- Family-owned business enterprises --- Private equity. --- Finance. --- Business enterprises, Family-owned --- Family business --- Family businesses --- Family enterprises --- Family firms --- Business enterprises --- Equity, Private --- Investments --- Family-owned business enterprise. --- Family Business.
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