Family values and value creation: the fostering of enduring values within family-owned businesses
Saved in:
| Format: | Book |
|---|---|
| Language: | English |
| Published: |
New York [u.a.]
Palgrave Macmillan
2008
|
| Edition: | 1. publ. |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Item Description: | Selected papers from an international conference celebrating the 50th anniversary of IESE Includes bibliographical references and index |
| Physical Description: | XVI, 275 S. graph. Darst. |
| ISBN: | 9780230212190 |
Staff View
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| 245 | 1 | 0 | |a Family values and value creation |b the fostering of enduring values within family-owned businesses |c ed. by Josep Tàpies ... |
| 250 | |a 1. publ. | ||
| 264 | 1 | |a New York [u.a.] |b Palgrave Macmillan |c 2008 | |
| 300 | |a XVI, 275 S. |b graph. Darst. | ||
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| 500 | |a Selected papers from an international conference celebrating the 50th anniversary of IESE | ||
| 500 | |a Includes bibliographical references and index | ||
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Record in the Search Index
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|---|---|
| adam_text | Contents
List of Figures ix
List of Tables xi
Notes on Contributors xii
Preface xv
Jordi Canals
Introduction 1
John L. Ward
Part I Building the Future
1 Learning from Practice: How to Avoid Mistakes in
Succession Processes 9
Guido Corbetta
2 The Shape of Things to Come - Emotional Ownership
and the Next Generation in the Family Firm 29
Nigel Nicholson and Asa Bjornberg
Part II From Promises to Results
3 Power as Service in Family Business 55
Miguel Angel Gallo
4 A Classification Scheme for Family Firms: From Family
Values to Effective Governance to Firm Performance 71
Pramodita Sharma and Mattias Nordqvist
5 How Values Dilemmas Underscore the Difficult Issues
of Governing the Large, Enterprising Family 102
John L. Ward
Part III Finding the Right Structure
6 Toward a Typology of Family Business Systems 127
John A. Davis
viii Contents
7 Embeddedness of Owner-Managers: The Moderating
Role of Values 155
Sabine B. Klein
8 Single Family Offices: The Art of Effective
Wealth Management 166
Heinrich Liechtenstein, Rafft Amit, M. Julia Prats
and Todd Millay
Part IV The Value of Family Business
9 The Impact of Family Business on Society 197
Fernando Casado
10 Fair Process and Emotional Intelligence 214
Ludo Van der Heyden and Quy Nguyen Huy
11 Family Firms and the Contingent Value of
Board Interlocks: The Spanish Case 236
Erica Salvaj, Fabrizio Ferraro and Josep Tapies
Conclusion 260
Josep Tapies
Index 267
List of Figures
1.1 The integrative model of successful FOB successions 10
1.2 The age factor 15
4.1 Seven possible roles of internal family firm
stakeholders 79
4.2 A stakeholder map for Nick s Landscaping Services (NLS) 80
4.3 Performance = FIT between family values, family
involvement and governance structures 82
5.1 Governing the enterprising family 104
5.2 Governing the three circles of interest 106
5.3 A summary of the values dilemmas 120
6.1 Three-circle model of the family business system 128
7.1 Value-attitude-interaction-model 158
7.2 Value-commitment-embeddedness-interaction-model 159
7.3 The influence of values on embeddedness:
moderating variables 161
7.4 Values driven by different principles and their
effect on embeddedness 162
8.1 Location of SFO headquarters 176
8.2 Family wealth distribution 177
8.3 Number of generations served by the SFO 178
8.4 Key SFO objectives 179
8.5 SFO benefits 180
8.6 SFO governance - types of committee 184
8.7 Use of governance committees 184
8.8 Asset allocation (by geography) 186
8.9 Investment objectives - billionaire versus
millionaire SFOs 187
8.10 Investment objectives - first generation versus
later generation SFOs 188
10.1 Emotional levers for organizational change
according to Huy 219
10.2 Fair process framework due to Van der Heyden et al. 221
10.3 The science of fair process: the relationship between
fair process and performance as identified by Limberg
in the strategic product planning process of 15 German
manufacturing plants 226
ix
x List of Figures
10.4 How fair process improves organizational performance
AND individual satisfaction 228
10.5 The virtuous cycle of fair process: building trust
and motivation 229
11.1 Network of Spanish firms 246
11.2 Network of Spanish family firms 248
11.3 Network of top 20 Spanish family firms by betweenness 251
List of Tables
0.1 Values common in non-family firms versus values
common in family firms 5
1.1 The generational challenge 26
2.1 Four manifestations of emotional ownership
in family firms 34
5.1 Governance transformation 103
5.2 From siblings to cousins 105
5.3 Owners charter 107
5.4 The difficult issues 108
5.5 The most difficult of the 20 difficult issues 121
6.1 Typologies based on system characteristics 128
6.2 Developmental typologies 129
6.3 Family business system features 133
6.4 Intensity of family involvement with business 145
6.5 Family stage characteristics 149
8.1 Number of households served by SFOs 178
8.2 SFO functions - perceived importance 181
8.3 SFO functions - service organization 182
8.4 Asset allocation 185
8.5 Asset allocation by generations 188
9.1 International comparison of family businesses 199
9.2 Business transfers by country 203
11.1 Top 30 Firms by betweenness centrality 244
11.2 Top 20 family firms by betweenness centrality 245
11.3 Incidence of firms by region 245
11.4 Descriptive statistics 247
11.5 Differences in the centrality measures between family
firms and non-family firms 247
|
| adam_txt |
Contents
List of Figures ix
List of Tables xi
Notes on Contributors xii
Preface xv
Jordi Canals
Introduction 1
John L. Ward
Part I Building the Future
1 Learning from Practice: How to Avoid Mistakes in
Succession Processes 9
Guido Corbetta
2 The Shape of Things to Come - Emotional Ownership
and the Next Generation in the Family Firm 29
Nigel Nicholson and Asa Bjornberg
Part II From Promises to Results
3 Power as Service in Family Business 55
Miguel Angel Gallo
4 A Classification Scheme for Family Firms: From Family
Values to Effective Governance to Firm Performance 71
Pramodita Sharma and Mattias Nordqvist
5 How Values Dilemmas Underscore the Difficult Issues
of Governing the Large, Enterprising Family 102
John L. Ward
Part III Finding the Right Structure
6 Toward a Typology of Family Business Systems 127
John A. Davis
viii Contents
7 Embeddedness of Owner-Managers: The Moderating
Role of Values 155
Sabine B. Klein
8 Single Family Offices: The Art of Effective
Wealth Management 166
Heinrich Liechtenstein, Rafft Amit, M. Julia Prats
and Todd Millay
Part IV The Value of Family Business
9 The Impact of Family Business on Society 197
Fernando Casado
10 Fair Process and Emotional Intelligence 214
Ludo Van der Heyden and Quy Nguyen Huy
11 Family Firms and the Contingent Value of
Board Interlocks: The Spanish Case 236
Erica Salvaj, Fabrizio Ferraro and Josep Tapies
Conclusion 260
Josep Tapies
Index 267
List of Figures
1.1 The integrative model of successful FOB successions 10
1.2 The age factor 15
4.1 Seven possible roles of internal family firm
stakeholders 79
4.2 A stakeholder map for Nick's Landscaping Services (NLS) 80
4.3 Performance = FIT between family values, family
involvement and governance structures 82
5.1 Governing the enterprising family 104
5.2 Governing the three circles of interest 106
5.3 A summary of the values dilemmas 120
6.1 Three-circle model of the family business system 128
7.1 Value-attitude-interaction-model 158
7.2 Value-commitment-embeddedness-interaction-model 159
7.3 The influence of values on embeddedness:
moderating variables 161
7.4 Values driven by different principles and their
effect on embeddedness 162
8.1 Location of SFO headquarters 176
8.2 Family wealth distribution 177
8.3 Number of generations served by the SFO 178
8.4 Key SFO objectives 179
8.5 SFO benefits 180
8.6 SFO governance - types of committee 184
8.7 Use of governance committees 184
8.8 Asset allocation (by geography) 186
8.9 Investment objectives - billionaire versus
millionaire SFOs 187
8.10 Investment objectives - first generation versus
later generation SFOs 188
10.1 Emotional levers for organizational change
according to Huy 219
10.2 Fair process framework due to Van der Heyden et al. 221
10.3 The science of fair process: the relationship between
fair process and performance as identified by Limberg
in the strategic product planning process of 15 German
manufacturing plants 226
ix
x List of Figures
10.4 How fair process improves organizational performance
AND individual satisfaction 228
10.5 The virtuous cycle of fair process: building trust
and motivation 229
11.1 Network of Spanish firms 246
11.2 Network of Spanish family firms 248
11.3 Network of top 20 Spanish family firms by betweenness 251
List of Tables
0.1 Values common in non-family firms versus values
common in family firms 5
1.1 The generational challenge 26
2.1 Four manifestations of emotional ownership
in family firms 34
5.1 Governance transformation 103
5.2 From siblings to cousins 105
5.3 Owners' charter 107
5.4 The "difficult issues" 108
5.5 The most difficult of the 20 difficult issues 121
6.1 Typologies based on system characteristics 128
6.2 Developmental typologies 129
6.3 Family business system features 133
6.4 Intensity of family involvement with business 145
6.5 Family stage characteristics 149
8.1 Number of households served by SFOs 178
8.2 SFO functions - perceived importance 181
8.3 SFO functions - service organization 182
8.4 Asset allocation 185
8.5 Asset allocation by generations 188
9.1 International comparison of family businesses 199
9.2 Business transfers by country 203
11.1 Top 30 Firms by betweenness centrality 244
11.2 Top 20 family firms by betweenness centrality 245
11.3 Incidence of firms by region 245
11.4 Descriptive statistics 247
11.5 Differences in the centrality measures between family
firms and non-family firms 247 |
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| spelling | Family values and value creation the fostering of enduring values within family-owned businesses ed. by Josep Tàpies ... 1. publ. New York [u.a.] Palgrave Macmillan 2008 XVI, 275 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Selected papers from an international conference celebrating the 50th anniversary of IESE Includes bibliographical references and index Family-owned business enterprises - Congresses Family-owned business enterprises Congresses Familienbetrieb (DE-588)4503339-0 gnd rswk-swf Wertorientierung (DE-588)4132695-7 gnd rswk-swf (DE-588)4143413-4 Aufsatzsammlung gnd-content (DE-588)1071861417 Konferenzschrift gnd-content Familienbetrieb (DE-588)4503339-0 s Wertorientierung (DE-588)4132695-7 s DE-604 Tàpies, Josep Sonstige oth HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016587148&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Family values and value creation the fostering of enduring values within family-owned businesses Family-owned business enterprises - Congresses Family-owned business enterprises Congresses Familienbetrieb (DE-588)4503339-0 gnd Wertorientierung (DE-588)4132695-7 gnd |
| subject_GND | (DE-588)4503339-0 (DE-588)4132695-7 (DE-588)4143413-4 (DE-588)1071861417 |
| title | Family values and value creation the fostering of enduring values within family-owned businesses |
| title_auth | Family values and value creation the fostering of enduring values within family-owned businesses |
| title_exact_search | Family values and value creation the fostering of enduring values within family-owned businesses |
| title_exact_search_txtP | Family values and value creation the fostering of enduring values within family-owned businesses |
| title_full | Family values and value creation the fostering of enduring values within family-owned businesses ed. by Josep Tàpies ... |
| title_fullStr | Family values and value creation the fostering of enduring values within family-owned businesses ed. by Josep Tàpies ... |
| title_full_unstemmed | Family values and value creation the fostering of enduring values within family-owned businesses ed. by Josep Tàpies ... |
| title_short | Family values and value creation |
| title_sort | family values and value creation the fostering of enduring values within family owned businesses |
| title_sub | the fostering of enduring values within family-owned businesses |
| topic | Family-owned business enterprises - Congresses Family-owned business enterprises Congresses Familienbetrieb (DE-588)4503339-0 gnd Wertorientierung (DE-588)4132695-7 gnd |
| topic_facet | Family-owned business enterprises - Congresses Family-owned business enterprises Congresses Familienbetrieb Wertorientierung Aufsatzsammlung Konferenzschrift |
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