Two sides of the business family: governance and strategy across generations

By:

Schlippe, Arist Von

Material type: Text

TextSeries: Management for professionalsPublication details: Springer Switzerland 2021Description: xxiv, 246 pISBN:

9783030602024

Subject(s):

DDC classification:

658.022 SCH

Summary: About this book This book focuses on a central success factor for family businesses: maintaining the decision-making ability over generations while not jeopardizing the business due to family conflict, inefficient governance structures, or lack of identification. The authors identify that this is not as easy as the endeavor to bring two social systems together with contradicting logic (family and business) leads to many dangerous pitfalls. This book presents outcomes of a unique research project in which family managers of eleven of the oldest and largest German family businesses, at least the fourth generation, met for more than three years on a regular basis and presented the essence of their family governance structures to each other and to the authors. It was a joint “learning journey” that admits identifying twelve core questions that these families had been answering to keep up the relationship between family and business successfully over generations. Obviously, there is no “right” answer to these questions. The key to success is rather engaging the families in a process to find out their own answers and make them aware of the “two sides”: being a family is different from being a business family.

List(s) this item appears in: Public Policy & General Management | IT & Decision Sciences

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Holdings
Item type	Current library	Collection	Call number	Copy number	Status	Date due	Barcode
Book	Indian Institute of Management LRC General Stacks	Public Policy & General Management	658.022 SCH (Browse shelf(Opens below))	1	Available		003518

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Previous	658.022 ENJ Innovation and export: the joint challenge of the small company	658.022 MCC Small business revolution: how owners and entrepreneurs can succeed	658.022 SCA Essentials of entrepreneurship and small business management	658.022 SCH Two sides of the business family:	658.045 SIN Untangling conflict: an introspective guide for families in business	658.046 BUF Social value investing:	658.047 TRI The practice of corporate governance	Next

About this book
This book focuses on a central success factor for family businesses: maintaining the decision-making ability over generations while not jeopardizing the business due to family conflict, inefficient governance structures, or lack of identification. The authors identify that this is not as easy as the endeavor to bring two social systems together with contradicting logic (family and business) leads to many dangerous pitfalls.
This book presents outcomes of a unique research project in which family managers of eleven of the oldest and largest German family businesses, at least the fourth generation, met for more than three years on a regular basis and presented the essence of their family governance structures to each other and to the authors. It was a joint “learning journey” that admits identifying twelve core questions that these families had been answering to keep up the relationship between family and business successfully over generations. Obviously, there is no “right” answer to these questions. The key to success is rather engaging the families in a process to find out their own answers and make them aware of the “two sides”: being a family is different from being a business family.

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