Family Business

Family-owned businesses face a tougher challenge today than ever before. That's why you need FAMILY BUSINESS. This business textbook provides you with the next-generation knowledge and skills needed for the successful management and leadership of the family enterprise. And because it focuses on positioning family businesses for a successful future, FAMILY BUSINESS is the textbook you'll use again and again in the years to come.

PART I THE FAMILY BUSINESS: WHAT MAKES IT UNIQUE?

Chapter 1 The Nature, Importance, and Uniqueness of Family Business

1

(24)

Chapter 2 Great Family Businesses: Lessons from Centennial Family Companies

25

(26)

Chapter 3 Great Families in Business: Building Trust and Commitment

51

(22)

Chapter 4 Ownership of an Enterprise Built to Last

73

(34)

Case 1: The Binghams and the Louisville Courier-Journal Companies

89

(2)

Small Family Business Case 2: Power Play at the Inn

91

(1)

Case 3: The Ferré Media Group

92

(13)

Small Family Business Case 4: "She'll Always Be My Little Sister"

105

(2)

PART II LEADING THE FAMILY BUSINESS: SUCCESSION AND CONTINUITY

Chapter 5 Succession: Continuing Entrepreneurship and the Next Generation

107

(30)

Chapter 6 Succession and the Transfer of Power

137

(22)

Case 5: Sigma Motion, Inc.

159

(14)

Small Family Business Case 6: The Ambivalent CEO of the Construction Company

171

(1)

Small Family Business Case 7: Borrowing to Grow at Andrews Company

172

(1)

PART III MANAGING THE FAMILY BUSINESS: BEST PRACTICES

Chapter 7 Creating the Strategy

173

(18)

Chapter 8 Planning the Estate

191

(16)

Chapter 9 Key Nonfamily Management: The Visible Commitment to Managing the Family Business Professionally

207

(16)

Chapter 10 Family Business Governance: Advisory Boards and Boards of Directors

223

(28)

Chapter 11 Family Communication: Family Meetings, Family Councils, and Family Offices

251

(24)

Chapter 12 Change and Adaptation: The Future of Family Business

275

(82)

Case 8: Fasteners for Retail: A Question of Succession (Part A)

310

(16)

Small Family Business Case 9: The Son-in-Law

326

(1)

Small Family Business Case 10: The New MBA

327

(1)

Case 11: The Vega Food Company

328

(8)

Small Family Business Case 12: Real Estate Development Partners, Inc.

336

(4)

Small Family Business Case 13: GlassKing Distributor Company

340

(1)

Case 14: Reliance Industries

341

(16)

Endnotes

357

(12)

Index

369

What is included with this book?

The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.

The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.

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Summary

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Supplemental Materials