Understanding the Family Business

Exploring the Differences Between Family and Nonfamily Businesses

Keanon J. Alderson

• Publisher: Business Expert Press
• Year: 2018
• Print ISBN:
  9781631575730
• eBook ISBN:
  9781631575747
• Topic: Business
• Subtopic: Small Business
• Index: Business

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.

Index

accountants, family business governance and role of, 82–83

Adidas, 54

agency theory, family businesses and, 40

altruism in family businesses, 24–25

Ambani family, 54

American Family Business Survey, 21, 24, 61, 105

Anderson, R. C., 25

Angelides, J. P., 43

Aronoff, Craig, 43

Association les Hénokiens, 22

Astrachan, J. H., 6, 43

avoidance strategy, conflict in family businesses and, 56–57

Barnett, J. J., 43

Bechtel, 87

Ben Bridge Jewelers, 4

Bill and Melinda Gates Foundation, 69

Blumkin family, 4

boards of advisors, family business governance and, 84

boards of directors, family business governance and, 84–85

Bronfman, Edgar, Jr., 64–65

Buffett, Warren, 3, 89

Built to Last, 2

business development, succession planning and, 67

Businessweek, 99

Butt, H. E., Jr., 100

buyout offers, xii

Cargill, 1– 2, 25, 87

Carney, M., 45

cash flow management, xii

Cathy family, 100

CEO entrenchment, 22

succession planning and, 62

CEOs of family business

co-CEOs, 105–6

family business governance and, 84–85

long-term tenure of, 21–22

women as, 97–98

chaebols (Korean interrelated firms), 7–8

Chandler, Alfred, 5

charitable giving. See philanthropy by family firms

checklist for family businesses, 119–20

Chick-fil-A, 18, 33–34, 81–82, 100

children of family business founders, early involvement in business of, 89

Clarks Shoes, 72

Clayton Homes, 4

co-CEOs of family businesses, 105–6

command in family businesses, 87

communication in family businesses

conflict and, 55–57

generational differences and, 52

community in family businesses, 87

community service, by family businesses, 28–29

compensation issues in family businesses...

Table of contents

• Cover
• Half-title Page
• Title Page
• Copyright
• Dedication
• Abstract
• Contents
• List
• Foreword
• Preface
• 01_ibe-alderson-00intro
• 02_ibe-alderson-01
• 03_ibe-alderson-02
• 04_ibe-alderson-03
• 05_ibe-alderson-04
• 06_ibe-alderson-05
• 07_ibe-alderson-06
• 08_ibe-alderson-07
• 09_ibe-alderson-08
• 10_ibe-alderson-09
• 11_ibe-alderson-10con
• 12_ibe-alderson-11appA
• 13_ibe-alderson-12appB
• 14_ibe-alderson-13appC
• 15_ibe-alderson-14appD
• 16_ibe-alderson-15n
• 17_ibe-alderson-16ref
• 18_Index