Family Enterprise (eBook)

Understanding Families in Business and Families of Wealth, + Online Assessment Tool

eBook Download: PDF | EPUB

2013 | 1. Auflage
192 Seiten
John Wiley & Sons (Verlag)
978-1-118-73091-1 (ISBN)

Infos

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

Autor

For over a quarter century, The Family Firm Institute, Inc. (FFI) has been engaged in educating, connecting, and inspiring professionals who serve family enterprises. FFI is the leading association worldwide for family enterprise professionals and the organization of choice for the advisors, consultants, educators, and researchers who help perpetuate transgenerational family business wealth. In adopting a multidisciplinary and genuinely global perspective, FFI understands family enterprise as a fundamental driver of global economic growth, prosperity, and stability. For its global network of professionals, educators, researchers, and family business owners, FFI provides opportunities to participate in multidisciplinary educational programs and earn professional designation; enables collaboration at conferences, seminars, and online; and creates a single space for interaction, cross-pollination of ideas, expertise, and perspectives to further the field of family enterprise.

Inhalt

Acknowledgments ix

Family Enterprise: Understanding Families in Business and
Families of Wealth xi

Chapter 1 Defining Family Enterprise 1

Definition 1 2

Definition 2 2

Definition 3 2

Definition 4 2

Definition 5 2

Family Business Review article: "From Longevity of Firms
to Transgenerational Entrepreneurship of Families: Introducing
Family Entrepreneurial Orientation" 4

Assessment Test 1 37

Chapter 2 Classic Systems of a Family Enterprise 39

The Family System 40

The Ownership System 41

The Enterprise System 42

Assessment Test 2 43

Chapter 3 Representative Governance Systems in Family
Enterprises 45

Enterprise Governance 46

Family Governance: Family Council 48

Owner Governance: Ownership Forum 49

Assessment Test 3 50

Chapter 4 Key Characteristics of Family Enterprises
53

Characteristics 53

Challenges 54

Comparison of Family Systems and Enterprise Systems 55

Assessment Test 4 57

Chapter 5 Concepts in Family Enterprise Study 59

Systems Thinking: A Very Brief History 59

Systems Thinking: The Individual in the System 60

Relevant Systems Concepts: Triangles, Scapegoat(ing),
Homeostasis, Boundaries 61

Content and Process 63

Family Business Review article: "Using the Process/Content
Framework: Guidelines for the Content Expert" 65

Assessment Test 5 77

Chapter 6 Theoretical Frameworks in Family Enterprises
81

The Three-Circle Model 83

The Developmental Model 87

The Balance Point Model 88

Assessment Test 6 89

Chapter 7 Core Professions Working With Family Enterprises
93

Differing Perceptual Filters 95

Understand the Differences Among the Core Professions 96

Assessment Test 7 99

Chapter 8 Multidisciplinary Professional Teams 101

Types of Teams 101

Challenges Teams Face 102

Family Business Review article: "The Effects of Goal
Orientation and Client Feedback on the Adaptive Behaviors of Family
Enterprise Advisors" 103

Assessment Test 8 138

Chapter 9 Applying What You Have Learned 141

Case 1 141

Case 2 142

Case 3 142

Glossary 145

Suggested Readings From Family Business Review: Journal of the
Family Firm Institute 153

About the Website 155

About The Family Firm Institute, Inc. 157

About the Authors 159

Index 161

Produkt-Details

• Erscheint lt. Verlag: 11.11.2013
• Reihe/Serie: Wiley Finance Editions
• Reihe/Serie: Wiley Finance Editions
• Sprache: englisch
• Themenwelt: Recht / Steuern ► Wirtschaftsrecht
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Planung / Organisation
• Schlagworte: Finance & Investments • Finance & Investments Special Topics • Finanz- u. Anlagewesen • Finanzwesen • Spezialthemen Finanz- u. Anlagewesen
• ISBN-10: 1-118-73091-7 / 1118730917
• ISBN-13: 978-1-118-73091-1 / 9781118730911