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Presents one of the first comprehensive overviews of family business as a specific organizational form. Focusing on the inevitable maturing of families and their firms over time, the authors reveal the dynamics and challenges family businesses face as they move through their life cycles. The book asks questions, such as: What is the difference between an entrepreneurial start-up and a family business, and how does one become the other? How does the meaning of the business to the family change as adults and children age? Ho do families move through generational changes in leadership, from anticipation to transfer, and then separation and retirement? This book is divided into three sections that present a multidimensional model of a family business. The authors use the model to explore the various stages in the family business life span and extract generalizable lessons about how family businesses should be organized.

Firms and enterprises --- Organization theory --- Family-owned business enterprises --- Entreprises familiales --- Management. --- Succession. --- Gestion --- Succession --- Management --- Family business succession --- Succession, Family business --- Family-owned business enterprises - Management --- Family-owned business enterprises - Succession

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Small and medium-sized firms are a prevalent organizational form in Germany. Their importance for the German economy is indisputable. Most of them are global market leaders in their niches and are considered to be a force for innovation in the German economy. The ability to be innovative in niche markets has been identified as the antecedent of their strong, or even dominant, competitive positions in their industries. The driver of this innovation success may well be the family, which distinguishes family firms from non-family firms. Nils Kraiczy analyzes if a family influences innovation in a family firm and if this influence has only positive effects. The dissertation focuses on the impact of top management teams on innovations interacting with family firm-specific characteristics. The author shows the complexity of family influence by presenting different effects of each investigated family firm-specific characteristic on the relationship between top management team behavior and innovation.           Contents n  Research on Family Firms n  Innovation and Firm Performance n  Top Management Teams (TMTs) in Family Firms n  TMT Risk-Taking Propensity and New Product Portfolio Innovativeness       Target Groups ·         Researchers and students in the fields of management and innovation ·         Executives in family firms       About the Author Dr. Nils Kraiczy wrote his dissertation under the supervision of Prof. Dr. Andreas Hack at the INTES Institute for Family Businesses at WHU - Otto Beisheim School of Management, Vallendar.     Abou the Editors The series Familienunternehmen und KMU is edited by Prof. Dr. Andreas Hack, Prof. Dr. Andrea Calabrò, Prof. Dr. Hermann Frank, Prof. Dr. Franz W. Kellermanns Ph.D. and Prof. Dr. Thomas Zellweger.

Family-owned business enterprises -- Management. --- Small business -- Management. --- Management --- Business & Economics --- Management Theory --- Family-owned business enterprises --- Management. --- Business. --- Leadership. --- Business and Management. --- Business Strategy/Leadership. --- Ability --- Command of troops --- Followership

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Family-owned and managed firms are often beset by a variety of crises that can impact the firm’s very survival. These may include changes in technology, deaths of critical family members, competition within an industrial sector, shifts in market dynamics and product mixes, economic turmoil, political upheaval and revolution, firm growth, succession, and selecting new firm leadership.  Such crises may be internal to the firm or a function of the external environment, and several may occur simultaneously; all of them contribute to a context of uncertainty, risk, and change, presenting particular challenges that are unique to family-owned businesses. This volume presents eight in-depth case studies of family-owned firms that represent a variety of industries and situations.  Each case explores the dynamics of managing in chaotic environments and how family leadership responded to crises.  Lessons learned from these experiences will help readers understand how to solve problems under conditions of uncertainty and how to avoid failure, when the survival of the firm is at stake.  Featuring questions and learning notes designed to engage the reader directly, this volume will be a valuable resources for students and members of entrepreneurial and family-owned firms, as well as consultants, investors, and other professional advisors. .

Family-owned business enterprises -- Management -- Case studies. --- Family-owned business enterprises -- Management. --- Industrial management. --- Family-owned business enterprises --- Business & Economics --- Management --- Economic Theory --- Management Styles & Communication --- Family-owned business enterprises. --- Management science. --- Quantitative business analysis --- Business enterprises, Family-owned --- Family business --- Family businesses --- Family enterprises --- Family firms --- Business. --- Management. --- Business and Management. --- Family Business. --- Business enterprises --- Problem solving --- Operations research --- Statistical decision --- Family-owned business enterprise. --- Administration --- Industrial relations --- Organization

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This is the third in a series of casebooks on issues faced by families owning and managing a business. This volume focuses on the management of growth, decline, and transition in such firms. These cases are clustered together because family firms grow, decline, and grow again, often transforming themselves several times in the course of their existence, as they face succession issues, financial constraints, and changes in market demand. Managing change also has significant impact on the firm-owning families and their individual members, especially when making decisions under conditions of uncertainty.  The eight cases presented in this volume, as those in the previous two casebooks, were developed as a response to the lack of a diversity and selection of cases on family business. The cases emerged by engaging students to help develop them as a part of the curriculum for teaching family business to both graduate and undergraduate business school students in the United States, Canada, Australia, and Finland.  However, their utility goes beyond the classroom and should be informative to consultants to family firms and family business owners and members as well.  .

Family-owned business enterprises -- Management -- Case studies. --- Family-owned business enterprises --- Business & Economics --- Economic Theory --- Management --- Family-owned business enterprises. --- Business enterprises, Family-owned --- Family business --- Family businesses --- Family enterprises --- Family firms --- Economics. --- Entrepreneurship. --- Leadership. --- Economics/Management Science. --- Management/Business for Professionals. --- Business Strategy/Leadership. --- Business enterprises --- Management. --- Ability --- Command of troops --- Followership --- Administration --- Industrial relations --- Organization --- Entrepreneur --- Intrapreneur --- Capitalism --- Business incubators

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This book will help HR managers and founders/owners develop a formal process within the company and also provide insights from family firms on how to manage sensitive topics ranging from family member compensation; family member appraisal, etc., and serves as a guide to HR managers struggling to get a "seat at the table" in family firms.

Family-owned business enterprises - Management. --- Family-owned business enterprises --- Personnel management --- Management --- Business & Economics --- Management Styles & Communication --- Personnel management. --- Management. --- Corporations --- Employment management --- Human resource management --- Human resources management --- Manpower utilization --- Personnel administration --- Public administration --- Employees --- Employment practices liability insurance --- Supervision of employees --- Small business. --- Family-owned business enterprise. --- Office management. --- Human Resource Management. --- Small Business. --- Family Business. --- Office Management. --- Office administration --- Businesses, Small --- Medium-sized business --- Micro-businesses --- Microbusinesses --- Microenterprises --- Small and medium-sized business --- Small and medium-sized enterprises --- Small businesses --- SMEs (Small business) --- Business --- Business enterprises --- Industries --- Size --- Family-owned business enterprises. --- Business enterprises, Family-owned --- Family business --- Family businesses --- Family enterprises --- Family firms