{"product_id":"family-enterprise-isbn-9781118730928","title":"Family Enterprise","description":"\u003cb\u003eA thorough explanation of how family enterprises work\u003c\/b\u003e \u003cp\u003eThe family enterprise, whether an operating business, a family office, or both, is the backbone of the US and international economies. These enterprises cut across industries and geographies and can be first-generation entrepreneurial companies or multi-generational businesses with family offices. This book offers a foundation in and understanding of how family enterprises work, including working definitions and the key characteristics of family enterprises, as well as useful concepts for working with and in family enterprises, either as a professional or as a family member.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eWritten by the experts at the Family Firm Institute, a global network of professionals, educators, researchers, and owners of family enterprises\u003c\/li\u003e \u003cli\u003eAn ideal resource for professionals in law, finance, management, and behavioral science, family office and fund managers, and others interested in an multidisciplinary approach to this field\u003c\/li\u003e \u003c\/ul\u003e  \u003cp\u003eAcknowledgments ix\u003c\/p\u003e \u003cp\u003eFamily Enterprise: Understanding Families in Business and Families of Wealth xi\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Defining Family Enterprise 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefinition 1 2\u003c\/p\u003e \u003cp\u003eDefinition 2 2\u003c\/p\u003e \u003cp\u003eDefinition 3 2\u003c\/p\u003e \u003cp\u003eDefinition 4 2\u003c\/p\u003e \u003cp\u003eDefinition 5 2\u003c\/p\u003e \u003cp\u003eFamily Business Review article: “From Longevity of Firms to Transgenerational Entrepreneurship of Families: Introducing Family Entrepreneurial Orientation” 4\u003c\/p\u003e \u003cp\u003eAssessment Test 1 37\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Classic Systems of a Family Enterprise 39\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Family System 40\u003c\/p\u003e \u003cp\u003eThe Ownership System 41\u003c\/p\u003e \u003cp\u003eThe Enterprise System 42\u003c\/p\u003e \u003cp\u003eAssessment Test 2 43\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Representative Governance Systems in Family Enterprises 45\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEnterprise Governance 46\u003c\/p\u003e \u003cp\u003eFamily Governance: Family Council 48\u003c\/p\u003e \u003cp\u003eOwner Governance: Ownership Forum 49\u003c\/p\u003e \u003cp\u003eAssessment Test 3 50\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Key Characteristics of Family Enterprises 53\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCharacteristics 53\u003c\/p\u003e \u003cp\u003eChallenges 54\u003c\/p\u003e \u003cp\u003eComparison of Family Systems and Enterprise Systems 55\u003c\/p\u003e \u003cp\u003eAssessment Test 4 57\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Concepts in Family Enterprise Study 59\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSystems Thinking: A Very Brief History 59\u003c\/p\u003e \u003cp\u003eSystems Thinking: The Individual in the System 60\u003c\/p\u003e \u003cp\u003eRelevant Systems Concepts: Triangles, Scapegoat(ing), Homeostasis, Boundaries 61\u003c\/p\u003e \u003cp\u003eContent and Process 63\u003c\/p\u003e \u003cp\u003eFamily Business Review article: “Using the Process\/Content Framework: Guidelines for the Content Expert” 65\u003c\/p\u003e \u003cp\u003eAssessment Test 5 77\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Theoretical Frameworks in Family Enterprises 81\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Three-Circle Model 83\u003c\/p\u003e \u003cp\u003eThe Developmental Model 87\u003c\/p\u003e \u003cp\u003eThe Balance Point Model 88\u003c\/p\u003e \u003cp\u003eAssessment Test 6 89\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Core Professions Working With Family Enterprises 93\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDiffering Perceptual Filters 95\u003c\/p\u003e \u003cp\u003eUnderstand the Differences Among the Core Professions 96\u003c\/p\u003e \u003cp\u003eAssessment Test 7 99\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Multidisciplinary Professional Teams 101\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTypes of Teams 101\u003c\/p\u003e \u003cp\u003eChallenges Teams Face 102\u003c\/p\u003e \u003cp\u003eFamily Business Review article: “The Effects of Goal Orientation and Client Feedback on the Adaptive Behaviors of Family Enterprise Advisors” 103\u003c\/p\u003e \u003cp\u003eAssessment Test 8 138\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Applying What You Have Learned 141\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCase 1 141\u003c\/p\u003e \u003cp\u003eCase 2 142\u003c\/p\u003e \u003cp\u003eCase 3 142\u003c\/p\u003e \u003cp\u003eGlossary 145\u003c\/p\u003e \u003cp\u003eSuggested Readings From Family Business Review: Journal of the Family Firm Institute 153\u003c\/p\u003e \u003cp\u003eAbout the Website 155\u003c\/p\u003e \u003cp\u003eAbout The Family Firm Institute, Inc. 157\u003c\/p\u003e \u003cp\u003eAbout the Authors 159\u003c\/p\u003e \u003cp\u003eIndex 161\u003c\/p\u003e \u003cp\u003eFor over a quarter century, \u003cb\u003eThe Family Firm Institute, Inc. (FFI)\u003c\/b\u003e has been engaged in educating, connecting, and inspiring professionals who serve family enterprises. FFI is the leading association worldwide for family enterprise professionals and the organization of choice for the advisors, consultants, educators, and researchers who help perpetuate transgenerational family business wealth. In adopting a multidisciplinary and genuinely global perspective, FFI understands family enterprise as a fundamental driver of global economic growth, prosperity, and stability. For its global network of professionals, educators, researchers, and family business owners, FFI provides opportunities to participate in multidisciplinary educational programs and earn professional designation; enables collaboration at conferences, seminars, and online; and creates a single space for interaction, cross-pollination of ideas, expertise, and perspectives to further the field of family enterprise.\u003c\/p\u003e \u003cp\u003eAccounting for between 65 and 85 percent of all business worldwide, family enterprises are crucial drivers of both the prosperity of nations and the global economy as a whole. Coming in all shapes and sizes—ranging from corporate giants such as Walmart, Samsung, and Tata, to countless small to medium-sized companies—family enterprises cut across all industry sectors. And, while no two businesses are exactly alike, and each company has its unique structural, operational, and cultural nuances, when it comes to family-owned enterprises, there is an additional layer of complexity that demands a specialized knowledge and skill set from those who seek to advise and guide them.\u003c\/p\u003e \u003cp\u003eWritten for the professional who works with family enterprises, either from within or outside of their client companies, this book provides an extremely well-informed look at the complexion of the contemporary family enterprise and its unique functional and behavioral realities. Just as important, it arms readers with a set of powerful analytical, planning, and implementation tools developed by The Family Firm Institute—a global network of professionals, educators, researchers, and family business owners—that are applicable to all types of family enterprise.\u003c\/p\u003e \u003cp\u003eWith the help of numerous real-world examples, self-assessments, and high-quality graphics, the authors provide in-depth coverage of:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eClassic family enterprise systems—family, ownership and enterprise\u003c\/li\u003e \u003cli\u003eGovernance in family enterprises, with a focus on family councils and ownership forums\u003c\/li\u003e \u003cli\u003eKey behavioral\/psychological characteristics of family enterprises\u003c\/li\u003e \u003cli\u003eImportant theoretical approaches to enterprise study, with an emphasis on systems theory\u003c\/li\u003e \u003cli\u003eAnalytical models for family enterprises, including the three-circle model, the developmental model, and the balance point model\u003c\/li\u003e \u003cli\u003eInformation specific to the full range of legal, finance, behavioral, and other specialists who work with family enterprises\u003c\/li\u003e \u003cli\u003eGuidelines for taking a multidisciplinary team approach to the challenges and opportunities facing family enterprises in the global economy\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eTo help you test and fine-tune your grasp of the concepts and skills outlined, the final chapter features case studies of three family enterprises, each with its own distinctive family makeup and challenges. In each case, you are tasked with resolving an issue from the perspective of your professional speciality.\u003c\/p\u003e \u003cp\u003eOffering a powerful approach to understanding, assessing, and working with family enterprises, this is an indispensable resource for all professionals who consult and advise family-owned companies, as well as family office and fund managers.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989196259557,"sku":"NP9781118730928","price":110.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118730928.jpg?v=1761783167","url":"https:\/\/k12savings.com\/products\/family-enterprise-isbn-9781118730928","provider":"K12savings","version":"1.0","type":"link"}