SpringerBriefs in Business

Family Firms in Transition

Case Studies on Succession, Inheritance, and Governance

Authors: Carsrud, Alan L., Brännback, Malin

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eBook $34.99
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  • ISBN 978-1-4614-1201-4
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $49.95
price for USA
  • ISBN 978-1-4614-1200-7
  • Free shipping for individuals worldwide
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About this book

Many of the challenges faced by family-owned businesses develop after the firm has reached a stage of maturity, when the first generation is faced with issues concerning the role of their children in the business and the long-term future of the enterprise.  This collection of case studies from around the world demonstrates  how governance of both the business and the family (or lack thereof)  impacts succession of leadership in the firm and the inheritance of ownership and wealth.

It is the role of governance and how it impacts both family and firm that link these family business cases together with succession and inheritance.  These topics have been clustered together because the social systems of the family and the management system of the firm have significant impacts on the success, or failure, of succession plans.  All the planning in the world for succession and inheritance will not succeed if the firm does not have a well established and functional governance system.  Likewise, if the family does not understand its role in the governance of the firm and the mechanisms for making sound decisions, succession choices may not be accepted by family members.  Most family firms fail because of succession issues, not economic ones.

This volume features nine in-depth cases of family-owned business from a variety of industries to illuminate the dynamics of governance, succession, and inheritance.  Each case illustrates the complexity of issues and, through interactive exercises and questions, offers readers approaches to solutions, which may include less-than-optimal compromises or even selling the business as the only viable option.    The examples and insights will prove valuable for students and members of entrepreneurial and family-owned firms, as well as consultants, investors, and other professional advisors. 

Table of contents (11 chapters)

  • Introduction

    Carsrud, Alan L. (et al.)

    Pages 1-3

  • Reading a Family Business Case

    Carsrud, Alan L. (et al.)

    Pages 5-7

  • Case One: The Packard Marketing Group – Letting Children into the Business

    Carsrud, Alan L. (et al.)

    Pages 9-14

  • Case Two: Gazi Family Constitution – Managing the Family in a Family Firm

    Carsrud, Alan L. (et al.)

    Pages 15-24

  • Case Three: Surviving Revolution, But Succumbing to Succession – The Story of Five Siblings

    Carsrud, Alan L. (et al.)

    Pages 25-32

Buy this book

eBook $34.99
price for USA (gross)
  • ISBN 978-1-4614-1201-4
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $49.95
price for USA
  • ISBN 978-1-4614-1200-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Family Firms in Transition
Book Subtitle
Case Studies on Succession, Inheritance, and Governance
Authors
Series Title
SpringerBriefs in Business
Copyright
2012
Publisher
Springer-Verlag New York
Copyright Holder
Alan L. Carsrud and Malin Brännback
eBook ISBN
978-1-4614-1201-4
DOI
10.1007/978-1-4614-1201-4
Softcover ISBN
978-1-4614-1200-7
Series ISSN
2191-5482
Edition Number
1
Number of Pages
XI, 122
Number of Illustrations and Tables
3 b/w illustrations
Topics