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Familienunternehmen werden von einem Familienprinzip geprägt, nämlich der Weitergabe von Generation zu Generation. Während in Familien das Leben transgenerational weitergereicht wird, so übergeben die Mitglieder von Unternehmerfamilien zudem das Unternehmenseigentum und die Verantwortung dafür an ihre nachfolgenden Generationen. Dafür müssen sie passende Entscheidungungen treffen: für ihr Unternehmen, ihr Eigentum und ihre Familien. Wie das erfolgreich gelingen kann, wird hier sowohl aus systemtheoretischer Sicht als auch praktisch mit Hilfe des Prozesses der Familienstrategieentwicklung gezeigt.

This book provides an extensive overview of family business-related topics such as context and uniqueness, lifecycle and ownership configurations, conflict management, corporate governance, succession challenges, internationalization, innovation, and socioemotional wealth. Each chapter features clear learning objectives, key concepts and terminology, and dedicated case studies to demonstrate the main messages. The book not only considers the day-to-day dynamics in family businesses but also places substantial emphasis on the entrepreneurial skills needed for these businesses to survive and thrive, today and tomorrow. In addition, it elaborates and discusses a number of best practice examples, which offer valuable guidance not only for scholars but also for students who wish to study these challenges. This new edition includes new topics, such as open innovation, sustainable and green family entrepreneurship, digital aspects in the family business, estate planning, and strategic HR. Specially curated case studies, and additional tasks and activities for classrooms will be particularly useful for MBA students and lecturers.

Family businesses play a pivotal role in the global economy, and their successful development is of utmost importance. This first volume of the Contemporary Issues in Family Business Entrepreneurship series, focuses on the topic of family business transformation, which is causing drastic changes in companies'strategies and business models. Decisions to adapt or change family business strategy and/or the business model are always associated with risk. Family Business Transformation integrates work on the broad topics of transformation, strategy development, business model development, with the study of family businesses to provide family business owners, managers and entrepreneurs much-needed recommendations from best practice examples and/or empirical findings that can support decision-making in regard to the future direction of their companies. This book calls for a specialized examination of the social interactions among stakeholders, substantially expanding classical management theory. Scholars of family business, entrepreneurship and strategic management, institutional libraries and postgraduate students will find it an essential read and benefit from its insights.

In this illuminating casebook, Roland Kidwell brings together eminent scholars and researchers, showcasing real-world examples of family businesses and potential challenges they may face. Chapters encapsulate possible tensions that may manifest within family businesses, including sibling rivalry, intergenerational conflict, and clashing ideas about work ethic. Ultimately, the authors propose that it is essential for stakeholders and those in leadership to understand what techniques, policies and behaviors do, and indeed do not, work in family firms.Key Features:Contains learning notes at the end of each case to summarize key ideas and structure scholarly learningIncludes cases from several different countries, giving this fascinating book international scopeProvides genuine testimonies from those involved in family businesses to illustrate potential threats to company harmony and firm survival.This casebook is vital for those teaching and studying business and leadership, corporate governance, and family business. Family business advisors and those working in family business centers will additionally benefit from the practical scenarios illustrated throughout the book.

In an era of rapid technological change and growing uncertainties, this book equips managers and engineers with vital risk management tools. Addressing challenges such as pandemics, supply chain disruptions, and political tensions, it blends qualitative and quantitative approaches to modern risk management. The first half explores enterprise risk management, including business continuity, compliance, and crisis management. The second half focuses on quantitative methods, featuring a mathematical bootcamp on probability, statistics, and Monte Carlo simulations, with detailed case studies. Designed for beginners and intermediate professionals, it also benefits students seeking a comprehensive overview of risk management. The book draws on the author's extensive experience as a manager, trainer, and auditor, offering practical, tested solutions. While tailored to the needs of SMEs, the concepts are applicable to all organizations. This book stands out for its balanced treatment of both qualitative and quantitative aspects, providing numerous examples and complete solutions for practice.

This book is aimed at owners, especially non-operating shareholders of family businesses. They work behind the scenes and carry significant responsibility for the success of the company. What characterizes good ownership? What competencies are essential for fulfilling their duties? How can succeeding shareholders also find guidance in the complex field of family businesses? Knowledgeable and practical, the authors outline all relevant areas of action. The book provides encouragement and support for developing a professional ownership structure and task distribution tailored to the individual situation and constellation of one's own family business.

Eigentümer•innen und Manager•innen von Familienunternehmen sind aktuell mit vielfältigen Herausforderungen konfrontiert und stellen sich u.a. folgende Fragen: Wie können Familienunternehmen nachhaltiger gestaltet werden? Wie können sie sicher an die nächste Generation übergeben werden? Wie können Familienunternehmen professionalisiert werden? Wie können sie langfristig in Krisen bestehen?Diese und viele weitere aktuelle Herausforderungen im Management von Familienunternehmen werden in diesem Fachbuch jeweils in einem eigenen Beitrag in der Tiefe und wissenschaftlich fundiert behandelt. Die Autor•innen gehen dabei auch auf die besondere Relevanz aktueller Trends und globaler Krisen ein.

This book provides a comprehensive collection of new insights into traditional paradigms, approaches, and methods, as well as more recent developments in issues related to family businesses in tourism and hospitality. The aim of the chapters is to verify whether, in the tourism industry, the “family business model” is an important development opportunity and, in particular, if it is an innovation driver, for this industry development. In this context, the authors contribute chapters from a diverse set of countries to investigate personal and family needs and preferences alongside the relationship between family business model, growth and profit maximization, and the development of tourism businesses through innovation drivers. SME competency, the impact of COVID-19 on performance and marketing, and policy improvements are also discussed in this volume.

Dieses Buch richtet sich an die Inhaber, insbesondere die nicht-operativ tätigen Gesellschafter von Familienunternehmen. Sie wirken im Hintergrund und tragen dabei große Verantwortung für den Erfolg des Unternehmens. Was zeichnet gute Eigentümerschaft aus? Welche Kompetenzen sind für die Aufgabenwahrnehmung wesentlich? Wie können auch nachfolgende Gesellschafter im komplexen Feld „Familienunternehmen“ Orientierung finden? Kenntnisreich und praxisnah zeigen die Autoren alle relevanten Handlungsfelder auf. Das Buch macht Mut und unterstützt dabei, eine professionelle Inhaberstruktur und Aufgabenverteilung für die individuelle Situation und Konstellation des eigenen Familienunternehmens selbstständig herauszuarbeiten.

Financial management in family businesses is a special challenge. CFOs in particular are often at the crossroads of various interests and roles. However, not least the public reticence of family businesses has so far ensured that there is a lack of knowledge about these interrelationships. A specialist circle of CFOs from large German-speaking family businesses is dedicated at the Center for Family Business at the University of St.Gallen (Switzerland) to discuss these issues. In this book, these experts share their wealth of knowledge and experience with the public for the first time. Along a five-step model, they shed light on key areas of responsibility that go far beyond mere financial management. They discuss issues of transparency and compliance, from performance and strategy to governance - and provide concrete suggestions for everyday business life. Whether manager, owner, or advisory board member, anyone who bears responsibility in a family business can benefit from this bridge between theory and practice.The CFO network fbxperts.ch has also been present internationally since 3 years: in Italy, Spain, France, UK and other locations.

This book provides insights into family businesses in the United Arab Emirates (UAE) using a unique collection of case studies that help gain a comprehensive understanding of UAE family firms'profiles and the ways they respond to everyday challenges and future disruptions. Cases treat different issues from the perspective of family businesses, such as succession, innovation, decision-making, strategic orientation, corporate governance, spatial distribution, SDG alignment, etc. Each case contains learning objectives, discussion questions, and suggested readings in order to help readers understand the topic discussed in the respective cases. This book also showcases the five business ecosystem stakeholders that have supported family businesses in the UAE, such as the UAE Government, free zone authorities, university and research institutions, support agencies, and venture capital companies.Professionals as well as MBA students and researchers involved in the study offamily businesses will particularly benefit from this book.

​Die Analyse des Zahlenwerks eines Familienunternehmens hat eigene Fragestellungen, die sich aus den Interessen der Unternehmerfamilie ergeben. Die für Familiengesellschafter wesentliche, langfristige Perspektive reicht über die Zahlen des Abschlusses hinaus. Wichtiger als die Rendite ist die Bestätigung, dass das Unternehmen wettbewerbsfähig ist. Wettbewerbsfähigkeit ist Tüchtigkeit und eine Tugend, auf die die Reputation der Familie aufbaut. Wettbewerbsfähigkeit setzt aber auch ein modernes Geschäftsmodell voraus, für das rechtzeitig und ausreichend investiert werden muss. Wie Gesellschafter sich durch gute Fragen das relevante und profunde Wissen erschließen, steht im Zentrum dieses praxisnahen Leitfadens. Zur Zielgruppe gehört auch die Kaufmännische Geschäftsführerin, der Berater oder der Controller, die für ihre Gesellschaft Zahlen aufbereiten und Zusammenhänge interpretieren.

Die finanzielle Führung von Familienunternehmen unterliegt besonderen Anforderungen. Insbesondere die CFOs stehen dabei häufig im Brennpunkt verschiedener Interessen und Rollen. Gleichzeitig spielt der Finanzbereich eine große Rolle, wenn es darum geht, den Erfolg eines Familienunternehmens über viele Jahrzehnte und mehrere Generationen hinweg zu sichern und Wege aufzuzeigen. Diese Überlegungen haben dazu geführt, dass sich am Center for Family Business der Universität St. Gallen in den vergangenen Jahren ein Kreis von CFOs aus großen deutschsprachigen Familienunternehmen gebildet hat. In diesem Buch teilen diese Experten ihren Wissens- und Erfahrungsschatz erstmals mit der Öffentlichkeit.Entlang eines Fünf-Stufen-Modells beleuchten sie zentrale Aufgabenfelder, die weit über das bloße Finanzmanagement hinausgehen. Sie diskutieren Fragen der Transparenz und Compliance, von Performance und Strategie bis hin zur Governance – und geben konkrete Anregungen für den unternehmerischen Alltag. Ob Manager, Eigentümer oder Beirat: Von diesem Brückenschlag zwischen Theorie und Praxis kann jeder profitieren, der im Familienunternehmen Verantwortung trägt.

This monograph seeks to identify the mechanism that successfully guides the continuity of the family business through generations. Different perspectives have been used through years: from the identification of the entrepreneurial characteristics to the succession model implemented, and to the educational path for the next generations of entrepreneurs. In this context, the book focuses the attention on the link between different generations of entrepreneurs. In particular, it presents and analyzes the evolutive circle of the family business among generations. This approach permits a holistic view of the intergenerational entrepreneurship within the entrepreneurial families and their businesses. Once intergenerational entrepreneurship has been deeply described, two areas in which the next generation must excel are analyzed: the adaptation to the evolution of the external environment, and the leadership attitude. The author's central message is that evolution happens when the entrepreneurial processes are absorbed by the next generation through the learning of heuristics. Having a leadership style is more than setting a vision, which has to do with strategy and taking important decisions.

Der Mittelstand als Rückgrat der deutschen Wirtschaft steht vor einer kaum beachteten Herausforderung: dem Generationenwechsel auf den Chefsesseln. Demographischer Wandel und Alterung der heutigen Unternehmergeneration erhöhen die Anzahl angebotener Unternehmensübergaben. Aufgrund einer nach wie vor immer weniger werdenden Anzahl an Existenzgründungen kann dieses Angebot mangels Nachfrage immer schwieriger gedeckt werden. Das Problem hierbei ist: Scheitert der Generationenwechsel, erodiert das Erfolgsmodell Mittelstand. Das Buch liefert allen Interessierten einen Einblick dahingehend, was ein Unternehmer selbst tun kann, damit seine eigene Betriebsübergabe erfolgreich (nicht) scheitert.

Dieses Buch beschäftigt sich mit einem besonderen Typus von Eigentümerfamilien: der dynastischen Unternehmerfamilie. Diese Unternehmerfamilien zeichnen sich durch einen Eigentümerkreis aus, der mehr als 50 Familienmitglieder umfasst. Unternehmerfamilien dieses Typus stehen vor spezifischen Fragestellungen und Herausforderungen, für die es bisher kaum Forschungserkenntnisse und praktische Lösungsansätze gab.Das Autorenteam hat über drei Jahre mit Vertretern dieses Familientypus intensiv zusammengearbeitet. Herausgekommen sind sechs Themenfelder, die ein Management in diesen Unternehmerfamilien zu bearbeiten hat.Eine Vielzahl von Unternehmerfamilien steuert aufgrund geänderter Vererbungspraktiken auf große Gesellschafterkreise zu. Die hier skizzierten Inhalte eines'Big Family Managements'können als Orientierungsrahmen für die wachsende Unternehmerfamilie verwendet werden.

‘Business transfer'refers to the transfer of ownership and leadership from one or more outgoing owner-manager(s) to one or more incoming owner-manager(s). Apart from all the company's material assets, it presupposes that information, relationships, know-how and social capital are also transmitted from one to the other. While much of the research on entrepreneurship has focused on new business ventures, few studies have considered business transfers as an alternative way of embarking on entrepreneurial activities. Business Transfers, Family Firms and Entrepreneurship provides the international community with a more comprehensive state-of-the-art of business transfer studies, which will enrich readers'understanding. The business transfer is examined through different prisms: family businesses, internal business transfers to employees, external business transfers, and woman in business transfers. This book deals with business transfer as a whole, following a logic of continuity and sustainability for the transferred firm. It offers a refreshing point of view on business transfers, in terms of both the process and the actors, and from both the seller's and the buyer's sides. It presents the research on all types of business transfer including internal and external transfers and will be of interest to researchers, academics, and students in the fields of entrepreneurship, small business management, family business, and strategic management. It can also be instructive for practitioners and stakeholders involved in a business transfer.

Dieses Buch zeigt, was mittelständische Unternehmen benötigen, um sich den Herausforderungen der digitalen Transformation zu stellen. Mit Interviews und Expertenbeiträgen vermittelt der Herausgeber das Wissen, das für eine erfolgreiche Digitalisierung notwendig ist. Es soll Impulse geben, Fallstricke aufzeigen und dem Leser klarmachen, dass Digitalisierung sogar Spaß machen kann und am Ende auch die Grundlage für die „Enkelfähigkeit“ dieser Unternehmen darstellt.Der Mittelstand weiß um die Chancen, die die Digitalisierung mit sich bringt: eine effizientere Produktion, ein beschleunigter Innovationszyklus, eine verbesserte Qualität von Produkten und Dienstleistungen, eine engere Kundenkommunikation. Doch es fehlt oft noch die nötige digitale Infrastruktur und um die komplexen Digitalisierungsprojekte zu stemmen, brauchen vor allem kleine und mittlere Unternehmen Spezialwissen.Erfahrene Experten aus der Praxis geben in den Beiträgen einen Einblick indie aktuellen Trends der digitalen Transformation, den Kulturwandel und digitales Mindset, neue digitale Geschäftsmodelle und zeigen Wege für die Förderung des Mittelstandes auf.

This book provides an extensive overview of family business-related topics such as context and uniqueness, lifecycle and ownership configurations, conflict management, corporate governance, succession challenges, internationalization, innovation, and socioemotional wealth. Each chapter features clear learning objectives, key concepts and terminology, and dedicated case studies to demonstrate the main messages. The book not only considers the day-to-day dynamics in family businesses, but also places substantial emphasis on the entrepreneurial skills needed for these businesses to survive and thrive, today and tomorrow. In addition, it elaborates and discusses a number of best practice examples, which offer valuable guidance not only for scholars, but also for students who wish to study these challenges.

In order to respond to economic globalization and increased competitive pressures, companies need innovative, efficient and effective management strategies. Accordingly, this book explores various scenarios faced by entrepreneurs and family businesses, and proposes strategies to tackle the challenges and seize opportunities to grow in a highly competitive environment. It underscores the importance of deploying vital strategies to survive and flourish in the long term, overcoming challenges, and capitalizing on opportunities in order to attain / maintain a competitive position. By presenting and integrating the latest insights and case studies on entrepreneurship, family businesses, and strategy research, the book provides concrete recommendations for effective business survival and growth.

Growth is one of the central strategic topics in management science. A growing enterprise embodies success and growth supports the longevity of the business. In her book Laura Seibold provides an overview of the literature on general growth components and different theoretical growth models with a special focus on family enterprises. The author formulates a comprehensive model of how growth can be achieved in family firms. This derived model combines the insights from general growth theory, family specific literature and the insights of top family firm leaders.

This professional guide presents an extensive overview of the German family enterprise landscape, with a special focus on its structure and diversity. Drawing on several scientific studies conducted by the authors, its goal is to provide a detailed assessment of the development of German family enterprises. Analyzing data from over 500 family firms, it offers a valuable reference guide for market research and academic research on family-owned enterprises. A unique factor: the authors'revealing insights into the decline of family firms.

This edited collection analyses the unexplored concept of the family business group, evaluating the opportunities and advantages that it creates for entrepreneurs. Raising a number of important questions, the authors construct a new research agenda for the complex topic of the family business group, which will ultimately assess its contribution towards the economy and society in general. The chapters provide a core understanding of the phenomenon and cover its formation, nature and complexities, as well as offering a holistic perspective and exploring factors such as scale, size and regional contexts. A useful tool for those researching small businesses, organisation, and business strategy, this book highlights the key advantages of family business group structures in both developed and developing countries, and local and national contexts.

Das fundierte, praxisnahe Buch zeigt, welche Besonderheiten diese Unternehmensform aufweist. Familienunternehmer profitieren von engen Verbindungen. Gleichzeitig können genau diese für Streit, Angst, Wut und zahlreiche Diskussionen sorgen. Die Autoren gehen der Frage nach, wie Familienunternehmen vom Kreditgeber, vom Kunden, vom eigenen Steuerberater gesehen werden und was diese Beziehung prägt. Sie widmen sich explizit auch der Sicht der Stakeholder. Konkrete Fallbeispiele aus Wissenschaft und Praxis eröffnen den Unternehmensinhabern und allen Personen, die mit der Thematik befasst sind, eine neue Sicht- und Herangehensweise an das Familienunternehmen.

Aaron Brückner zeigt, dass Familienunternehmen vor der paradoxen Herausforderung stehen, zum Konzern werden zu müssen, ohne zum Konzern zu werden. Die tradierten Denk- und Handlungsmuster des personenorientierten „Erfolgsrezeptes“ von Familienunternehmen stehen auf dem Prüfstand und es werden zwei Führungsverhältnisse diskutiert, die Familie und Unternehmen als koevolutionäre Einheiten akzeptieren. Der dirigierende Chairman und der professionelle Nachfolger offenbaren, dass das Kooperationsumfeld zur Bewältigung des Musterwechsels von familienähnlichen zu organisationsförmigen Führungsverhältnissen gleichzeitig von familienfremden Managementressourcen als auch unternehmerischen Familienressourcen profitieren kann.

How can you move most effectively from the pinnacle of business and leadership success into'post-work'life that energizes you, and leverages your experience and your interests?This book draws on the experience of several past CEOs to address the important topic of ‘personal continuity'for family business leaders transitioning from the day-to-day leadership of their enterprise.Making this transition remains challenging for most leaders. Lack of clarity or options for meaningful post-CEO roles is a major factor in succession struggles, resulting in wide-reaching consequences for all stakeholders in the enterprise. Here, family business consultant Brun de Pontet takes an in-depth look at the dynamics and challenges for leaders in transition and the systems around them, to deliver insights on sources of difficulty and tips and tools for effective planning. The book draws extensively on the experiences of more than a dozen former family business leader interviewees. These highly driven and accomplished business leaders share stories and lessons from their own personal continuity journey as they transitioned from the top of their companies. Combining these real examples with knowledge from years of consulting and research, Brun de Pontet helps leaders broaden their sense of self as they look forward to a rich, purpose-filled next chapter in life.

Familienunternehmen genießen in der Öffentlichkeit einen zwiespältigen Ruf. Einerseits gelten sie als wenig entwicklungsfähig, auf der anderen Seite bilden sie mit ihren vielen Hidden Champions das Rückgrat der deutschen Wirtschaft. Dieses Buch – jetzt in der 3., überarbeiteten Auflage – schildert anschaulich und fundiert Chancen und Risiken dieses Unternehmenstyps. Aktuelle Herausforderungen wie die Digitale Revolution und ihre Konsequenzen für Familienunternehmen werden beleuchtet. Durch den unterschiedlichen fachlichen Hintergrund der Autoren (Betriebswirtschaft, Sozialpsychologie, Organisationspsychologie und Familientherapie) wird das komplexe Thema „Familienunternehmen“ interdisziplinär bearbeitet.

Based on insights from executives across the globe, this planning guide captures the unique challenges faced by leaders of a family business and presents an approach to help these operations survive and thrive across generations.Leading a company is a much different experience for those in a family-run business than for their contemporaries in nonfamilial environments. This book provides a comprehensive overview of the skill set and mindset required to lead family enterprises, and it introduces the four critical areas in which family businesses differ from traditional companies—management structures, governance mechanisms, entrepreneurial advantages, and stewardship practices.In a fascinating convergence of entrepreneurship, family relations, and corporate principles, the authors present two frameworks to better understand the best practices of leading a family business: a firm-level frame focused on these four critical areas of difference (architecture, governance, entrepreneurship, and stewardship) and an individual one that mirrors these in terms of the skill set and mindset successful leaders need to develop. Craig and Moores consider the differences between leadership in family enterprises and non-family enterprises; the entrepreneurial capabilities needed by executives in family-based firms; and the use of power, identification, and motivation in managing their responsibilities both at home and in the workplace. Case studies provide a real-life look at the inner workings of family operations across the globe.

​Katharine Wirsching untersucht mittels einer Meta-Analyse, inwiefern Definition und Operationalisierung des Familieneinflusses das Ergebnis von Performancestudien deutscher Familienunternehmen in einem internationalen Vergleich bedingen. Sie macht die Heterogenität dieser Unternehmen unter Verwendung eines Clusterverfahrens bestimmbar und überprüft empirisch den Einfluss verschiedener Typen von Familienunternehmen auf den Unternehmenserfolg.

Laura K. C. Seibold untersucht fallstudienbasiert den Wachstumsprozess ausgewählter Familienunternehmen mit den Methoden der Grounded Theory, wobei sie einen qualitativen und einen quantitativen Ansatz kombiniert. Die Autorin leitet Hypothesen über relevante Wachstumsursachen und Wachstumsraten ab und bezieht hierbei auch die Einflüsse aus der Entwicklung der Gesamtwirtschaft und der jeweiligen Branchen in die Erklärungsansätze mit ein. Die identifizierten Wachstumstreiber können Führungskräften als Anhaltspunkte zur Strategiebildung dienen und als Grundlage für weitere Forschung genutzt werden.

Annika Halder zeigt, dass der Einfluss von Familienmitgliedern und die Persönlichkeit des Familienunternehmers entscheidend für die unternehmerische Ausrichtung und die Innovationsfähigkeit eines Unternehmens sind. Dabei berücksichtigt sie erstmals auch Familienmitglieder, die nicht im Unternehmen tätig sind, sondern aus dem privaten Umfeld Einfluss auf die strategischen Entscheidungen des Familienunternehmers ausüben.

Henny Lena Holzhauser analysiert die Gründe, warum mittelgroße Familienunternehmen Strategische Managementkonzepte nicht verwenden, welche Anlässe zu einer Anwendung führen können und welche Besonderheiten bei der Entwicklung von Konzepten beachtet werden müssen. Der Fokus liegt auf dem Kern des Erfolges: Den Kunden. Im Kontext vergangener Erfolge und dem Durchleben von Unternehmenskrisen entwickelt die Autorin aus der Perspektive von Pfadabhängigkeiten und Pfadbrüchen ein Modell der Strategischen Kundenanalyse, das in die Art der Entscheidungsfindung mittelgroßer Familienunternehmen integriert ist. Das Modell soll all jenen Unternehmen als Orientierung dienen, die mit signifikanten wirtschaftlichen Abhängigkeiten von Kunden und stark begrenzten Managementressourcen umgehen müssen. Stellvertretend für ähnlich strukturierte Branchen liefert die Automobilzulieferindustrie dafür den passenden praktischen Rahmen.

Annika Geyer aims to advance the current understanding of variations in family businesses'growth performance and to explain their potential origins. She focuses on the respective impact of the set of relevant background factors (stemming from top executives'individual characteristics as well as the given organizational and social environment) on the firms growth performance and the underlying processes through which this impact is transmitted. The insights of this work constitute an essential step towards settling the debate on how the family actually contributes to the family firm's performance and hold some important implications for practitioners.

Annette-Louise Hirmer analysiert, ob die Verwendung des Begriffes „Familienunternehmen“ im Rahmen der Zielgruppenkommunikation als Differenzierungsmerkmal genutzt werden sollte und welche Vor- bzw. Nachteile sich hierdurch in der Wahrnehmung spezifischer Zielgruppen ergeben. Sie ermittelt anhand einer umfassenden stakeholderübergreifenden Befragung, wie Familienunternehmen wahrgenommen und welche Assoziationen mit der Kategorienmarke „Familienunternehmen“ verbunden werden. Dabei kann sie eine Reihe von stakeholderspezifischen Unterschieden in der Wahrnehmung von Familienunternehmen identifizieren und leitet Handlungsempfehlungen für Unternehmen zur Verwendung der Kategorienmarke „Familienunternehmen“ gegenüber unterschiedlichen Anspruchsgruppen ab.

​This book presents the reader a comprehensive understanding of the development of family business in transitional economies. Throughout eastern Europe, post-Communist countries transitioning to market-based economies are obtaining a variety of results due to diverse policy approaches. Expert contributions in this book draw from a wealth of information in this context and include thought-provoking policy prescriptions for the future. This book concentrates on the challenges to predict the direction emerging markets will take, particularly when dealing with the wide-ranging social and economic situations taking place in post-Communist Eastern Europe. This reference volume for policymakers, educators, investors, and researchers also provides a much-needed and timely survey of family firms in the transitioning markets of post-Communist Europe.

Basierend auf einem kompetenztheoretischen Ansatz und qualitativer Empirie untersucht Matthis Schneegaß grundlegende Ursache-Wirkungs-Zusammenhänge der De-Internationalisierung in mittelständischen deutschen Familienunternehmen. Mittels der Competence-based Theory of the Firm werden vorläufige Ursachenbereiche innerhalb des Familienunternehmenssystems identifiziert und diese zu mehr oder minder effektiven Formen der De-Internationalisierung in Bezug gesetzt. Durch explorative Fallstudienarbeit werden diese Kausalannahmen weiterentwickelt, was insbesondere die kritische Rolle des geschäftsführenden Familienunternehmers in internationalen Konsolidierungsprozessen offenbart.

Family firms account for a large proportion of firms in most countries. In industrialised countries of North America and Western Europe, they generally account for a large share of small and medium sized enterprises. In emerging market economies such as India, they also account for the majority of the large firms. Their importance for factors such as employment creation notwithstanding, relative to the widely held Anglo-Saxon firms, which are ubiquitous in the economics, finance and management literatures, family firms have historically received much less attention from scholars of these disciplines. However, in part owing to increased focus on emerging markets, there is a growing literature on family firms. In How Family Firms Differ, the authors explore important aspects of family firms, drawing on the existing literature and their own research on these firms.

Combining the expertise of two consultants and academics from East and West, this book provides an international guide for family businesses, showing how to identify and implement the best governance strategies. Packed with case studies and interviews, this is the ultimate guide for family businesses wanting to achieve long-term success.

Schmieder shares a broad range of tools and pathways that family businesses across sectors use to stimulate, execute, measure, and reward innovation. The 50-plus family stories cited in this book will inspire any family enterprise to create a strategy and environment that can stimulate success for many generations to come.

​Family offices manage and coordinate a family's combined wealth whilst preserving the family legacy and protecting family interests. The families behind these family offices control a significant percentage of the GDP of developed economies, with consequences for financial markets. At the same time, family offices act at the intersection of family and commerce, which makes this particular form of organization appealing to the field of strategic management. Despite its practical and academic relevance, the literature has hardly explored the concept of family offices. As a result, the primary objective of this book is to introduce the domain of family offices. By exploring goals, control and conflicts in the context of family offices, this book contributes to consider this family-influenced organization an essential constituent of management research and an ever more prominent actor in today's global financial markets.

A‘family business'is an operating business in which members of the same family have most of the power. Family businesses face increasingly complex issues that affect not only the future of the business itself, but also that of its owners, their family and their employees. Always, the owner must reconcile their own and their family's aspirations with the commercial goals of the company. The chances of family business survival can be increased if the life-threatening questions are tackled ‘early on and head-on'and all key stakeholders are involved in planning the future of the company and their role in it. This brief guide provides family business owners, family members and non-family employees working in family firms with guidance for succession planning.

How does a girl from an impoverished background become one of the world's most influential spa operators? Dorothy Purdew is the entrepreneurial force behind Champneys, an empire employing over 2000 people and one of the most iconic brands in the world. The Champneys spa group is the culmination of over forty years'worth of dedication, work and fun and despite its global success it is, at heart, still a very much loved family business. This extraordinary woman has been an inspiration to so many, enabling a wide range of people across the world to enjoy spa experiences. Dorothy Purdew's story is a fascinating and heart-warming tale of a loved and respected businesswoman whose services to the spa industry and charity works gained her the accolade of OBE in 2008.

In How to Choose and Use Advisors, authors Aronoff and Ward establish benchmarks for excellent advisory services and they show business owners how to benefit from advice ranging from legal and financial to executive search and organizational development.

Helps to prepare for passing the family business on to the next generation. Leaders will learn how to create a succession plan; how to develop opportunities for succession candidates; how to build consensus with the family and leaders on succession plans and finally leaders will learn when and how to let go of their own role in the business.

A collection of personal family letters written from great entrepreneurs to their family members about business, success and life. In Sharing Wisdom, Building Values we learn directly through their own words.

It's so important that the generations to come understand and share in the founder's vision and philosophy. Authors Aronoff and Ward help leaders discover their own values and then they provide ways to infuse these values into the fabric of their business for generations to come.

Through stories and interviews the authors explore the changing role women play in today's family business, looking at how to encourage and support women family members, to the challenges women face in finding the right balance between work and life, to the role spouses play in couples that work together.

Through pages filled with wisdom, tips, guidelines and experiences, the authors seek to navigate brothers and sisters who work in the family business or who are active owners through the challenges and opportunities and to retain the integrity of the family while serving the business.

Compensation is one of the most discussed items in business. And in a family business it gets personal. Authors Aronoff, McLure and Ward answer the some of the most important questions when it comes to the family what is fair pay among family members? How do I determine appropriate pay for my child? What should I pay my shareholders?

Eckrich and McClure provide a greater understanding of what a family business really is and how they differ from other companies and work environments. Designed to provide insight into the family and its behavior and to integrate the non-family employee into its unique structure.