Understanding The Family Business

Front Cover
Business Expert Press, May 19, 2011 - Business & Economics - 148 pages
0 Reviews
The purpose of this book is to provide readers with an introductory overview of family business, the most prevalent form of business in the world. The differences between family and nonfamily businesses are emphasized in this book. There are several key audiences: As a supplemental text for university undergraduate or graduate level courses such as small business management, introduction to business, entrepreneurship, or family studies. Members of family businesses will benefit from the book as an introduction to the unique nature of family businesses. Professional advisors to family firms such as accountants, attorneys, bankers, insurance providers, and financial services professionals may develop a better understanding of their clients. Suppliers to family businesses will gain insight to this important business customer. Much of the literature on family business is from the United States; an attempt has been made to present relevant international information, as well. Chapter one defines a family business and provides an overview of family business. Chapter two explores the many differences between a family owned business and a nonfamily owned business. Chapter three explores the major family business theories. Chapter four discusses how family firms make business decisions. Chapter five explores the significant issues prevalent in a family firm. Chapter six explores the most problematic issue in family firms: succession or the transfer of ownership to the next generation. Chapter seven explores the many differences among the generations of a family firm. Chapter eight presents information on family business strategic planning. Chapter nine focuses on effective family business governance and use of advisors and boards. Chapter ten explores key success tips for long lasting family firms. Chapter eleven discusses trends in family business. Chapter twelve contains key points for family business professionals and suppliers who target or service family firms. Chapter thirteen presents areas for future research to advance the study of family business.
 

What people are saying - Write a review

We haven't found any reviews in the usual places.

Contents

Introduction
1
An Overview of the Family Business
5
Differences Between Family and Nonfamily Firms
15
Family Business Theories
33
Family Business Decision Making
39
Family Business Issues and Generational Differences
47
Succession
57
Governance Advisors and Boards
73
Conclusion
99
Selected Further Reading
101
Family Business Resources
107
Glossary
109
Family Business Checklist
113
Notes
115
References
119
Index
127

Success Tips for Family Business Owners Employers and Professionals
83
Trends in Family Business and Future Research
91

Other editions - View all

Common terms and phrases

About the author (2011)

Keanon Alderson is a professor at the Robert K. Jabs School of Business at California Baptist University in Riverside, California, and holds an MBA and a PhD in organization and management. Professor Alderson conducts research in the areas of family business, entrepreneurship, and social entrepreneurship and teaches a popular family business management course, as well as courses in marketing and entrepreneurship management. Alderson was also a second-generation member of his family business for 17 years and he is a founder and co-preneur with his wife in their family business. Keanon Alderson is the founding consultant at Keanon Alderson and Associates, a full-service family business research and consulting firm based in Southern California, which provides services to small and medium-sized family businesses.

Bibliographic information