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13 May 2010
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£32.00
|Hardback In Stock
  
9780230246522
||
 
 
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DescriptionReviewsContentsAuthors

A successful family business can continue to grow and achieve for generations, but the nature of the family enterprise can often make managing the business and being part of the family at the same time very complicated. This increasing complexity has to be properly managed, and in this practical new book, the authors explain how to do this. Based on analysis of more than 3000 companies, they propose six family business models and show how to evolve from the basic models to those suitable for more complex families and business. This approach provides a good understanding of how to determine between successful family
business evolutions and the 'dead-end' directions that have to be avoided.


Description

A successful family business can continue to grow and achieve for generations, but the nature of the family enterprise can often make managing the business and being part of the family at the same time very complicated. This increasing complexity has to be properly managed, and in this practical new book, the authors explain how to do this. Based on analysis of more than 3000 companies, they propose six family business models and show how to evolve from the basic models to those suitable for more complex families and business. This approach provides a good understanding of how to determine between successful family
business evolutions and the 'dead-end' directions that have to be avoided.


Reviews

'This book makes an innovative contribution to our knowledge of family business. It is the fruit of several decades of research and teaching, through family business models or 'archetypes'. I am confident that, like all good theories, it is going to be extremely practical and useful for family businesses that, today and in the future, face the exciting challenge of family business management.' – Carlos Losada, Director General, ESADE Business School

'This book represents an important and novel contribution to knowledge on family business. Working on the basis of painstaking research, the authors have succeeded in obtaining relevant and practical conclusions regarding the various family business models and the right management procedures to apply to each of them. The resulting book has great credibility and usefulness, not only for those with an interest in the matter but also for anyone who wishes to gain insight into this field.' – Fernando Casado, General Manager, Instituto de la Empresa Familiar
 
'This is a book that I would like to have been able to read and study nearly two decades ago, when we faced our succession process. If this process was positive, it was precisely because we made the right change of family business model for the time the business and the family was going through, by developing governance bodies and continuing the professionalisation of management. I am sure this book will be very useful for business families.' – Mariano Puig, Chairman, Puig Foundation, Founder and Honorary President of the European Group of Owner Managed and Family Enterprises (GEEF)


Contents


Foreword by Ivan Lansberg
Acknowledgements
Introduction

Chapter 1 - History of Family Business Management

Chapter 2 - Family Business Management Formula
Structural Management of the Family Business
Family Complexity
Business Complexity
Effects of complexity on the family business
Structure

Chapter 3 - Family Business Models
Captain Model
Emperor Model
Family Team Model
Professional Family Model
Corporation Model
Family Investment Group (FIG) Model
Comparative analysis of the models
Mindset and structure: how thoughts influence deeds

Chapter 4 - Family Business Management
Management in the Captain Model
Management in the Emperor Model
Management in the Family Team Model
Management in the Professional Family Model (PFM)
Management in the Corporation Model
Management in the Family Investment Group Model
Mixed models
Family business management triangle

Conclusions

Appendix - Details of Structure



Authors


 
ALBERTO GIMENO is Associate Professor at ESADE Business School, responsible for the Family Business Program and co-director of the Advanced Management Program (AMP). He is also a Permanent Visiting Professor at the Witterner Institut für Familienunternehmen (WIFU). He is member of the Expert Group in Family Business of the European Commission and of the Body of Knowledge Committee of the Family Firm Institute (FFI). He is one of the founding partners of Family Business Knowledge (FBK) an applied research company in the field of the family business He also acts as a consultant to business families.
 
GEMMA BAULENAS has a Degree in Psychology and a Masters in Family Therapy from the Autonomic University of Barcelona. She is a professor in Family Therapy and a regular collaborator with the Executive Education Centre of ESADE. She was a pioneer in applying Family Therapy to the relationship amongst members of a family business. In addition she is one of the founding partners of Family Business Knowledge (FBK), an applied research company in the field of family business. Gemma likewise acts as a consultant to many business families.

JOAN COMA-CROS has a Degree and an MBA in Business Administration from ESADE. He is one of the founding partners of Family Business Knowledge (FBK), an applied research company in the field of the family business. Joan also acts as a consultant to many business families. Joan has had executive responsibilities in several family businesses and is currently a member on the board of a diverse family owned business. In addition he has been responsible for his own family group generational evolution.