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Family business sourcebook: a guide for families who own businesses and the professionals who serve them

Author: Aronoff, Craig E. ; Astrachan, Joseph H. ; Ward, John L.Publisher: Family Enterprise Publishers, 2002.Edition: 3rd ed.Language: EnglishDescription: 752 p. : Graphs ; 28 cm.ISBN: 1891652060Type of document: BookBibliography/Index: Includes bibliographical references and index
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Item type Current location Collection Call number Status Date due Barcode Item holds
Book Asia Campus
Main Collection
Print HD62.25 .F34 2002
(Browse shelf)
900173339
Available 900173339
Book Europe Campus
Main Collection
Print HD62.25 .F34 2002
(Browse shelf)
001193063
Available 001193063
Book Europe Campus
Main Collection
Print HD62.25 .F34 2002
(Browse shelf)
001213838
Available 001213838
Total holds: 0

Includes bibliographical references and index

Digitized

Family business sourcebook Chapter 1: General Overview Just What Is A Family Business? John L. Ward and Craig E. Aronoff The Family Business Robert G. Donnelley ....................1 . ............................................2 ..............................................................4 ............................................I9 ?kust Gives Y u The Advantage o John L. Ward and Craig E. Aronoff Ownership and Management: The Effect of Separation on Performance R. Joseph Monsen Megatrends in Family Business Craig E. Aronoff .................................................................-21 ...........................................-28 Chapter 2 : Succession.. ChiePs 'Ibughest Job: 'Lleacher Craig E. Aronoff and John L. Ward ............................33 ..............................................34 Selected Correlates of Business Continuity Planning in the Family Business Stewart C. Malone The Succession Conspiracy Ivan Lansberg ........................................................36 ..................................................45 ....................61 Management Succession in the Family Business Justin G. Longenecker and John E. Schoen Ten Most Prevalent Obstacles to Family-Business Succession Planning Thomas Hubler.. ................................................................................. -67 Rough Corporate Justice Glenn R. Ayres ....................................................................................72 Chapter 3: Management and Strategic Planning ........87 Strategic Management of the Family Business: Past Research and Future Challenges .88 Pramodita Sharma, J a m e s F. Chrisman a n d Jess H. Chua ....................................................... Pay Issues Vary with Family Business Stages John L. Ward a n d Craig E. Aronoff Strategies for Family Firms Sharon Nelton ........................116 ...............................................-11 9 The Special Role of Strategic Planning for Family Business John L. Ward Employee Turnover Has Its Good Side Craig E. Aronoff a n d J o h n L. Ward ...............................................................-126 ................................135 Equity Compensation for Key Employees David K. Carlson a n d Ross W. Nager ............................137 Chapter 4: Ownership Issues ..................I39 ..........................I42 [RF + b(MR-RF)] . (1 + IP) (1- FE) Craig E. Aronoff, Francois d e Vissher a n d J o h n L. Ward ..............................140 A Legal Perspective on Shareholder Relationships in Family Businesses: The Scope of Fiduciary Duties Moni Murdock a n d Charles M. Murdock Thinking About Dividend Policies Craig E. Aronoff W y We'll Never G Public h o Samuel C. Johnson ......................................152 ............................................... 154 Founding Family Controlled Firms: Performance, Risk 159 and Value Daniel L. McConaughy, Charles H. Matthews a n d Anne S. Fialko .................... . . .............................................. . Developing Effective Ownership in the Family-Controlled Business J o h n L. Ward ................................................. .......................... 174 Chapter 5: mxes 'Iiansfer, Gift and Estate ........................183 Estate Planning for the Family-Owned Business: It Is Not Reallx UMission Impossiblev 184i Glenn R. Ayres .......................................................... 4 Understanding Buy-Sell Agreements David K. Carlson ..................................I89. Planning Around the Problems of Transactions Involving Family Members.. Gary A. Zwick ............................................... -191 The Dynasty lkust: Protective Armor for Generations to Come Pierce H.McDowell, I11 Estate lhx Repeal? Ross W. Nager ............................................................................205, .............................................................. 215 Chapter 6: Professionalizing the Family Firm The Transition to Professional Management: Mission Impossible? Charles W. Hofer a n d Ram Charan Culture and Continuity in Family Firms W. Gibb Dyer, Jr. ..........227' .........................................................-228 ............................ 236 Managing Human Resources in Family Firms: Problem of .245 Institutional Overlap Ivan S. Lansberg ......................................................... Chapter 7: Boards of Directors in the Family Firm viii ..........................................2511 10 Myths About Outside Boards.. J o h n L. Ward a n d Craig E. Aronoff ............................... .....252' .... 1 1 Outside Directors: How They Help You Craig E. Aronoff and John L. Ward ..............................254 The Importance of "Outsiders"in Small Firm Strategic Planning.. Richard B. Robinson, Jr. Outside Boards and Family Businesses: Another Look Marc A. Schwartz and Louis B. Barnes A Survey of Board Practices John L. Ward and James L. Handy ..........................................................................256 ........267 ..............................................279 ...........................................-292 ..................................298 Recruiting The Board For You John L. Ward Is Family Governance an Oxymomn? Harry F. Martin Chapter 8: Family Business Growth ........305 Managerial Practices That Support Interpreneurship and Continued Gmwth.. Ernesto J. Poza Growing The Family Business: Special Challenges and Best Practices John L. Ward ............................................................306 ....................................................................320 Chapter 9: Psychological Issues ..............331 The Dynamics of Family Controlled Firms: The Good and the Bad News Manfred F.R. Kets de Vries ..............................................................332 Coping Strategies Associated with Intergenerational Tkansfer of the Family Farm 343 Candyce S. Russell, Charles L. Griffin, Catherine Scott Flinchbaugh, Michael J. Martin, and Raymond B. Atilano .............................................. Drug Abuse in the Family Business David Bork ....................................353 Chapter 10: Change and Conflict in the Family Business .355 ................................... Life-Cycle Changes in Small Family Businesses Richard B. Peiser and Leland M. Wooten Penetrating the Cycle of Sustained Conflict Kenneth Kaye Conflicts That Plague Family Businesses Harry Levinson ....................373 ........................382 ............................398 Chapter 11: Family Relations.. ...............A09 # Effects of Family Business Membership and Psychological Separation on the Career Development of Late Adolescents Christopher J. Eckrich and Qri A. Loughead Do You Keep mo Many Secrets? Benjamin Benson . m m . ~ * * * . . . . ~ . . . . m . m ~ m . * ~ ~ ~ ~ ~ m ~ m ~ m ~ m m ~ m m ~ m ~ ~ m m ~ m m ~ m m ~ ~ m ........................................424 ..........................426 Building Successful, Enterprising Families Susan Golden, Ph.D. Marrying Into A Family Business Sharon Nelton ........................................ 429 A Family Needs a Mission Statement ..................................432 John L. Ward and Laurel S. Sorenson Life Stages and Father-Son Work Relationships John Davis and Renato mgiuri ....................434 ..................446 The lkust Catalyst in Family-Owned Businesses Kacie LaChapelle and Louis-B Barnes . Research Note Perceptions are Reality: How Family Meetings Led to Collective Action Timothy G. Habbershon and Joseph H. Astrachan ......................................470 Chapter 12: Women in the Family Firm ....................483 Women's Pathways to Participation and Leadership in the Family-Owned Firm .484 Colette Dumas ......................................................... When Widows W e Charge Sharon Nelton ...............................................-494 ....................497 Women, Family Culture, and Family Business Barbara S. Hollander and Wendi R. Bukowitz Chapter 13: The Younger Generation.. Shaky About Joining the Family Firm? Sharon Nelton ....507 ..............................508 Succession Experience of the Next Generation Wendy C. Handler ....................512 Entry of the Next Generation: Strategic Challenge for Family Business Jeffrey A. Barach, Joseph Gantisky, James A. Carson, and Benjamin A. Doochin Silver Spoon Syndrome Barbara S. Hollander Affluenza Robert Farago ................................................................5 31 ......................................................538 .........................................................................-540 Should You Leave It A l to the Children? l Richard I. Kirkland, Jr. ............................545 Chapter 14: Consulting and Education for Family Business .551 ................................... The "Softer Sidev of Consulting to Business-Owning Families: -552 Understanding Our Clients and Ourselves Fredda Herz Brown ......................... Family Business: The Challenges and Opportunities of Interprofessional Collaboration Joseph H. Astrachan and Boris M. Astrachan ..........................................564 Evaluation of Auditors' Going-Concern Risk In Family Businesses Michael A. Schaefer and Patricia A. Frishkoff ..............................................................576 Chapter 15: Family Business in Society ....................587 Myths and Realties: Family Businesses' Contribution to the US Economy - A Framework for Assessing Family Business Statistics L Melissa Carey Shanker and Joseph H. Astrachan ..................................... The Prevalence of Family Business From a Household Sample Romona K. Z. Heck and Elizabeth Scannell P e n t ......................................................... .599 Beyond Success: The Continuing Contribution of the Family Foundation Leon Danco and John L. Ward The Breakup of Family Capitalism Daniel Bell ........................................................... .615 ....................................621 .624 A Historical Overview of Family Firms in the United States Peter Dobkin Hall ............................................................... . Family Firm and Community Culture Joseph H. Astrachan ................................636 Chapter 16: Culture, Values and Ethnicity ................651 ............652 A Dialogue with Earl Graves and Earl G. Graves, Jr. James I. Herbert and Joseph H. Astrachan The Family as a Firm and the Fimn as a Family in Japan: The Case of Kikkoman Shoyu Company Limited W. Mark Fruin Rediscovering Family Values Steven Prokesch ..................661 .................... . ..............676 .. .. . Ethnicity. Families. and Family Business: Implications for Practitioners Monica McGoldrick and John G . Troast. Jr. Kikkomanps Mogi Family Creed ...........................................-688 ..........................................701 Reflections on Indian Family Groups .................................. 702 ..........................709 Hatfield Quality Meats: "Just W i n g Care of the Placen......710 The Critical Value of Stewardship ...................................... 713 So That Your Values Live On: Ethicd Wills John L . Ward Craig E . Aronoff and John L . Ward Ethics in Personal Behavior in Family Business Miguel Angel Gallo ..................715 Index ....................................................727

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