Family Business Key Issues,9781403947758

Family Business Key Issues

by ;
ISBN13: 9781403947758
ISBN10: 1403947759
Format: Paperback
Pub. Date: 2005-07-08
Publisher(s): Palgrave Macmillan
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Summary

The family business has been the most prevalent and pervasive form of business in many countries and raises particular questions concerning succession and governance and in particular the relationships between management, board members and family members. This book is a collection of articles by leading thinkers and practitioners on the family business which covers such issues as assuring a healthy family business, family strategy, governance and succession.

Author Biography

Denise Kenyon-Rouvinez is Associate of the Family Business Consulting Group in Switzerland. John L. Ward is the Wild Group Professor of Family Business at IMD, Lausanne, Switzerland, Professor and Co-Director, Kellogg School Center of Family Enterprises, Northwestern University and a Founder of the Family Business Consulting Group International.

Table of Contents

List of illustrations ix
Authors' note xi
Acknowledgments xii
Forewords
Wanda Ferragamo, Salvatore Ferragamo SpA
xiii
Thierry Lombard, Lombard Odier Darier Hentsch & Cie
xv
André Hoffmann, Roche Holding AG
xvii
1. Introduction and models 1(16)
Denise Kenyon-Rouvinez and John L. Ward
The fundamental dilemma
4(2)
Three circles
6(4)
Stages of ownership
10(3)
Family genogram
13(1)
Family business vision
13(3)
Conclusion
16(1)
2. Assuring a healthy business 17(14)
Randel S. Carlock and John L. Ward
Business strategy
19(4)
Employment
23(2)
Compensation
25(3)
Shareholder liquidity
28(2)
Conclusion
30(1)
3. Family 31(14)
Joseph H. Astrachan and Annelie K. Stider
Family strategy
31(9)
Communication and conflict management strategies
40(2)
Integrated planning: family protocols/constitutions
42(3)
4. The importance of family and business governance 45(14)
Miguel Angel Gallo and Denise Kenyon-Rouvinez
Business governance
49(4)
Family governance
53(3)
The relationship between business governance and family governance
56(1)
Conclusion
57(2)
5. Succession 59(14)
John A. Davis and Dr Sabine Klein
Succession is a process
60(1)
Preparing for succession
61(3)
The "hot phase" of succession
64(1)
Post succession
65(3)
Ownership succession alternatives
68(2)
Leadership choice
70(1)
Summary
71(2)
6. Conclusion 73(4)
Denise Kenyon-Rouvinez and John L. Ward
Postface 77(2)
Karl-Friedrich Scheufele
Appendix 1: Practical tools 79(2)
Appendix 2: A few useful contacts 81(2)
Recommended books, articles, and publications 83(2)
Index 85

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