Solution Manual for Family Business, 4th Edition

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Product details:

  • ISBN-10 ‏ : ‎ 1285056825
  • ISBN-13 ‏ : ‎ 978-1285056821
  • Author: Ernesto Poza

FAMILY BUSINESS provides the next generation of family business owners with the knowledge and skills needed for the successful management and leadership of the family enterprise. The author, Ernesto Poza, uses both text and cases to explore a diverse set of family firms, examining the interrelationships between the owners, the family, and the management team. FAMILY BUSINESS, at its core, is a practical book that presents management and family practices to model success as well as an honest look at the advantages and challenges facing family enterprises. With an emphasis on leadership and positioning for the future, FAMILY BUSINESS illustrates how the family enterprise can achieve sustained growth and continuity through generations.

Table Of Contents:

  1. Ch 1: The Nature, Importance, and Uniqueness of Family Business
  2. Introduction
  3. What Constitutes a Family Business?
  4. Succession and Continuity: The Three Generation Rule
  5. Building Family Businesses that Last
  6. The Systems Theory Perspective
  7. Family-First Businesses
  8. Management-First Businesses
  9. Ownership-First Businesses
  10. The Agency Theory Perspective
  11. The Strategic Perspective: Competitive Challenges and Competitive Advantages of Family Businesses
  12. Competitive Advantage: The Resource-Based View
  13. The Stewardship Perspective
  14. Ethics, Social Responsibility, Philanthropy, and the Family Business
  15. Family-Business Research
  16. Summary
  17. Ch 2: The Family Dynamics Challenge
  18. Introduction
  19. The Stories of Two Very Different Family Cultures
  20. Zero-Sum Dynamics and Family Culture
  21. The Family Systems Perspective
  22. The Role of Genograms and Family Messages in Helping Us Understand the Family System
  23. Family Emotional Intelligence
  24. How Families Add Value: The Family-Business Interaction Factor
  25. The Benefits of Family Meetings
  26. Family Unity and Continuity
  27. Planning and Policy Making
  28. Trusts, Legal Agreements, and Personal Responsibility
  29. Conflict Management
  30. Summary
  31. Ch 3: The Ownership Challenge
  32. Introduction
  33. Shareholder Priorities
  34. Responsibilities of Shareholders to the Company
  35. Effective Governance of the Shareholder-Firm Relationship
  36. The Role of the Board
  37. Information, Communication, and Education: Shareholders
  38. Ownership Structure: Design and Execute it
  39. Ownership Structure and Classes of Stock
  40. Buy-Sell Agreements
  41. Summary
  42. Appendix
  43. Case 1: The Binghams and the Louisville Courier-Journal Companies
  44. Case 2: Small Family Business: Power Play at The Inn
  45. Case 3: The Ferré Media Group
  46. Case 4: Small Family Business: “She’ll Always be My Little Sister”
  47. Case 5: The Vega Food Company
  48. Ch 4: The Governance and Professionalization Challenge
  49. Introduction
  50. Challenges to Family Governance
  51. Blurred System Boundaries
  52. The Alternative to Blurred System Boundaries: Joint Optimization of Family and Business
  53. The Professionalization Challenge and Family Governance
  54. The Strategy and Structure of Family Governance
  55. The Board of Directors and the Financial Performance of the Firm
  56. Family Members on the Board
  57. The Founder Exits, a Family Office is Launched
  58. The Family Council’s Contribution to Family Governance
  59. The Family Constitution
  60. The Unifying Power of Family Philanthropy
  61. Family Governance: Managing the Challenges of Succession
  62. Summary

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