Family Business

by Poza, Ernesto J.

• ISBN13: 9780324317039
• ISBN10: 0324317034
• Edition: 2nd
• Format: Paperback
• Copyright: 2006-07-18
• Publisher: South-Western College Pub

Summary

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.

Table of Contents

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