Soumettre la recherche
Mettre en ligne
Family Business Dynamics
•
8 j'aime
•
5,313 vues
N
neilstreet
Suivre
Training Course Summary
Lire moins
Lire la suite
Business
Technologie
Signaler
Partager
Signaler
Partager
1 sur 22
Recommandé
Family business
Family business
Rajendran Ananda Krishnan
Corporate Governance
Corporate Governance
Anand Subramaniam
Family business conflict and resolution
Family business conflict and resolution
sourav mathur
Indian Model of Corporate Governance
Indian Model of Corporate Governance
Sundar B N
Microenterprises
Microenterprises
Khawaja Naveed
Restructuring and types of restructuring
Restructuring and types of restructuring
Renu Bisht
Entrepreneurship Development Institute of India (EDII)
Entrepreneurship Development Institute of India (EDII)
uma reur
Corporate governance
Corporate governance
Ujjwal 'Shanu'
Recommandé
Family business
Family business
Rajendran Ananda Krishnan
Corporate Governance
Corporate Governance
Anand Subramaniam
Family business conflict and resolution
Family business conflict and resolution
sourav mathur
Indian Model of Corporate Governance
Indian Model of Corporate Governance
Sundar B N
Microenterprises
Microenterprises
Khawaja Naveed
Restructuring and types of restructuring
Restructuring and types of restructuring
Renu Bisht
Entrepreneurship Development Institute of India (EDII)
Entrepreneurship Development Institute of India (EDII)
uma reur
Corporate governance
Corporate governance
Ujjwal 'Shanu'
Family business succession & growth
Family business succession & growth
Rikitacjdd
Strategic financial management
Strategic financial management
BINOY JOHN
A Guide for Family Business Succession Planning
A Guide for Family Business Succession Planning
Dr. Wm. (Chip) Valutis
Women Entrepreneurship - Concept
Women Entrepreneurship - Concept
uma reur
Corporate Governance and Family business
Corporate Governance and Family business
Nuno Laurentino Ferreira
cost accounting 1
cost accounting 1
SavitaThorat1
Business Ethics and Corporate Social Responsibility
Business Ethics and Corporate Social Responsibility
MEKUANINT ABERA
Wealth max (fm)
Wealth max (fm)
Ajay Kurien
Family business in india
Family business in india
shrinivas kulkarni
Mergers and Acquisitions-Tax impact and valuation
Mergers and Acquisitions-Tax impact and valuation
Augustin Bangalore
Entrepreneurship 101
Entrepreneurship 101
Asma'a Al-kayalli
Enterprise Development Program
Enterprise Development Program
Felix Tonog
Corporate social responsibility
Corporate social responsibility
Rajesh Neithilath
Private equity
Private equity
Gitanshu Khurana
Corporate restructuring
Corporate restructuring
Sree Sanjana
CONFLICT IN FAMILY BUSINESS AND ITS RESOLUTION PPT FOR B.COM ENTREPRENEURSHIP
CONFLICT IN FAMILY BUSINESS AND ITS RESOLUTION PPT FOR B.COM ENTREPRENEURSHIP
Dr. Toran Lal Verma
MARKETING (STRATEGIC UNIT)
MARKETING (STRATEGIC UNIT)
Pujil Khanna
Ethical issue and dilemmas
Ethical issue and dilemmas
Mai Phuong
Agency theory
Agency theory
sagarphul
Overview Of Corporate Governance
Overview Of Corporate Governance
Elijah Ezendu
Introduction to Family Businesses
Introduction to Family Businesses
commandeleven
Keys to Family Business Success
Keys to Family Business Success
Shem Cohen
Contenu connexe
Tendances
Family business succession & growth
Family business succession & growth
Rikitacjdd
Strategic financial management
Strategic financial management
BINOY JOHN
A Guide for Family Business Succession Planning
A Guide for Family Business Succession Planning
Dr. Wm. (Chip) Valutis
Women Entrepreneurship - Concept
Women Entrepreneurship - Concept
uma reur
Corporate Governance and Family business
Corporate Governance and Family business
Nuno Laurentino Ferreira
cost accounting 1
cost accounting 1
SavitaThorat1
Business Ethics and Corporate Social Responsibility
Business Ethics and Corporate Social Responsibility
MEKUANINT ABERA
Wealth max (fm)
Wealth max (fm)
Ajay Kurien
Family business in india
Family business in india
shrinivas kulkarni
Mergers and Acquisitions-Tax impact and valuation
Mergers and Acquisitions-Tax impact and valuation
Augustin Bangalore
Entrepreneurship 101
Entrepreneurship 101
Asma'a Al-kayalli
Enterprise Development Program
Enterprise Development Program
Felix Tonog
Corporate social responsibility
Corporate social responsibility
Rajesh Neithilath
Private equity
Private equity
Gitanshu Khurana
Corporate restructuring
Corporate restructuring
Sree Sanjana
CONFLICT IN FAMILY BUSINESS AND ITS RESOLUTION PPT FOR B.COM ENTREPRENEURSHIP
CONFLICT IN FAMILY BUSINESS AND ITS RESOLUTION PPT FOR B.COM ENTREPRENEURSHIP
Dr. Toran Lal Verma
MARKETING (STRATEGIC UNIT)
MARKETING (STRATEGIC UNIT)
Pujil Khanna
Ethical issue and dilemmas
Ethical issue and dilemmas
Mai Phuong
Agency theory
Agency theory
sagarphul
Overview Of Corporate Governance
Overview Of Corporate Governance
Elijah Ezendu
Tendances
(20)
Family business succession & growth
Family business succession & growth
Strategic financial management
Strategic financial management
A Guide for Family Business Succession Planning
A Guide for Family Business Succession Planning
Women Entrepreneurship - Concept
Women Entrepreneurship - Concept
Corporate Governance and Family business
Corporate Governance and Family business
cost accounting 1
cost accounting 1
Business Ethics and Corporate Social Responsibility
Business Ethics and Corporate Social Responsibility
Wealth max (fm)
Wealth max (fm)
Family business in india
Family business in india
Mergers and Acquisitions-Tax impact and valuation
Mergers and Acquisitions-Tax impact and valuation
Entrepreneurship 101
Entrepreneurship 101
Enterprise Development Program
Enterprise Development Program
Corporate social responsibility
Corporate social responsibility
Private equity
Private equity
Corporate restructuring
Corporate restructuring
CONFLICT IN FAMILY BUSINESS AND ITS RESOLUTION PPT FOR B.COM ENTREPRENEURSHIP
CONFLICT IN FAMILY BUSINESS AND ITS RESOLUTION PPT FOR B.COM ENTREPRENEURSHIP
MARKETING (STRATEGIC UNIT)
MARKETING (STRATEGIC UNIT)
Ethical issue and dilemmas
Ethical issue and dilemmas
Agency theory
Agency theory
Overview Of Corporate Governance
Overview Of Corporate Governance
En vedette
Introduction to Family Businesses
Introduction to Family Businesses
commandeleven
Keys to Family Business Success
Keys to Family Business Success
Shem Cohen
Family business
Family business
monem monem
Family business
Family business
Mutum Amarjeet
The Family Business Power Point Presentation
The Family Business Power Point Presentation
RonaldFilian
Family business
Family business
Mai Mohammad
Family business 101
Family business 101
Executive Confidante
Mod001093 family businesses 050415
Mod001093 family businesses 050415
Stephen Ong
Successful family business final paper
Successful family business final paper
BUEntrepreneurship
Succesion planning in family business
Succesion planning in family business
Ranjit Achary
Family Business Succession Planning
Family Business Succession Planning
Family Business Battle Ground
Strengths and Weaknesses of Family Business
Strengths and Weaknesses of Family Business
Siddhant Bhatia
Corporate dynamics and NGOs
Corporate dynamics and NGOs
lionsleaders
Role and dynamics of corporate R&D
Role and dynamics of corporate R&D
ndbaf03
SIP in the Dynamic Enterprise
SIP in the Dynamic Enterprise
digitallibrary
Complex Team Dynamics
Complex Team Dynamics
Ugo Merlone
Team Dynamics Legal Department Revised Version 06
Team Dynamics Legal Department Revised Version 06
Laurence Yap M.A. (UM) CHRM
Entrepreneurial Management
Entrepreneurial Management
Jorge Saguinsin
Escape a collapsing temple and learn about agile team dynamics
Escape a collapsing temple and learn about agile team dynamics
Martin Heider
Business dynamics - Introduction
Business dynamics - Introduction
Carlos Melo Júnior
En vedette
(20)
Introduction to Family Businesses
Introduction to Family Businesses
Keys to Family Business Success
Keys to Family Business Success
Family business
Family business
Family business
Family business
The Family Business Power Point Presentation
The Family Business Power Point Presentation
Family business
Family business
Family business 101
Family business 101
Mod001093 family businesses 050415
Mod001093 family businesses 050415
Successful family business final paper
Successful family business final paper
Succesion planning in family business
Succesion planning in family business
Family Business Succession Planning
Family Business Succession Planning
Strengths and Weaknesses of Family Business
Strengths and Weaknesses of Family Business
Corporate dynamics and NGOs
Corporate dynamics and NGOs
Role and dynamics of corporate R&D
Role and dynamics of corporate R&D
SIP in the Dynamic Enterprise
SIP in the Dynamic Enterprise
Complex Team Dynamics
Complex Team Dynamics
Team Dynamics Legal Department Revised Version 06
Team Dynamics Legal Department Revised Version 06
Entrepreneurial Management
Entrepreneurial Management
Escape a collapsing temple and learn about agile team dynamics
Escape a collapsing temple and learn about agile team dynamics
Business dynamics - Introduction
Business dynamics - Introduction
Similaire à Family Business Dynamics
Entrepreneurship
Entrepreneurship
neilstreet
5 attributes
5 attributes
Matt Schofield
Family business by Mackinsey
Family business by Mackinsey
Shatrunjai Deogarh
Brochure
Brochure
mwebd
Allstate Exclusive Agency
Allstate Exclusive Agency
scargs
Optimise4 Dcbc July 1st 2011 04 07 2011 [Compatibility Mode]
Optimise4 Dcbc July 1st 2011 04 07 2011 [Compatibility Mode]
Gary Nichols
Ensuring the succcess of your family business
Ensuring the succcess of your family business
Business Link
Introduction to One Sherpa Pty Ltd
Introduction to One Sherpa Pty Ltd
Andee Sellman
Speed Bumps to Business Growth 2012
Speed Bumps to Business Growth 2012
Mike Van Horn
Business Continuity
Business Continuity
CenterPoint Business Advisors
NDT Session 1
NDT Session 1
Farrukh Rasheed
Apresentação em inglês sobre o papel do Sebrae-SP
Apresentação em inglês sobre o papel do Sebrae-SP
Bruno Caetano
Introduction To One Sherpa
Introduction To One Sherpa
Andee Sellman
Ken Morse "Innovate or Die" - 22 of March 2012 - ESADECREAPOLIS
Ken Morse "Innovate or Die" - 22 of March 2012 - ESADECREAPOLIS
Esade Creapolis
Ea Brochure
Ea Brochure
indyclark86
What Does the JOBS Act Mean for Your Small Business?
What Does the JOBS Act Mean for Your Small Business?
Social Media Today
Why kay-dub
Why kay-dub
Want More Leads
The Evolution Of Keller Williams
The Evolution Of Keller Williams
jasonwillsell
Snellville-Gwinnett Economic Gardening 2011
Snellville-Gwinnett Economic Gardening 2011
EricVO
Setting The Course! Build Your Business Strategy
Setting The Course! Build Your Business Strategy
Sigma Business Management, Inc.
Similaire à Family Business Dynamics
(20)
Entrepreneurship
Entrepreneurship
5 attributes
5 attributes
Family business by Mackinsey
Family business by Mackinsey
Brochure
Brochure
Allstate Exclusive Agency
Allstate Exclusive Agency
Optimise4 Dcbc July 1st 2011 04 07 2011 [Compatibility Mode]
Optimise4 Dcbc July 1st 2011 04 07 2011 [Compatibility Mode]
Ensuring the succcess of your family business
Ensuring the succcess of your family business
Introduction to One Sherpa Pty Ltd
Introduction to One Sherpa Pty Ltd
Speed Bumps to Business Growth 2012
Speed Bumps to Business Growth 2012
Business Continuity
Business Continuity
NDT Session 1
NDT Session 1
Apresentação em inglês sobre o papel do Sebrae-SP
Apresentação em inglês sobre o papel do Sebrae-SP
Introduction To One Sherpa
Introduction To One Sherpa
Ken Morse "Innovate or Die" - 22 of March 2012 - ESADECREAPOLIS
Ken Morse "Innovate or Die" - 22 of March 2012 - ESADECREAPOLIS
Ea Brochure
Ea Brochure
What Does the JOBS Act Mean for Your Small Business?
What Does the JOBS Act Mean for Your Small Business?
Why kay-dub
Why kay-dub
The Evolution Of Keller Williams
The Evolution Of Keller Williams
Snellville-Gwinnett Economic Gardening 2011
Snellville-Gwinnett Economic Gardening 2011
Setting The Course! Build Your Business Strategy
Setting The Course! Build Your Business Strategy
Dernier
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
ashishs7044
Chapter 9 PPT 4th edition.pdf internal audit
Chapter 9 PPT 4th edition.pdf internal audit
NhtLNguyn9
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
dollysharma2066
Organizational Structure Running A Successful Business
Organizational Structure Running A Successful Business
Seta Wicaksana
Digital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdf
Jos Voskuil
Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...
Seta Wicaksana
TriStar Gold Corporate Presentation - April 2024
TriStar Gold Corporate Presentation - April 2024
Adnet Communications
Guide Complete Set of Residential Architectural Drawings PDF
Guide Complete Set of Residential Architectural Drawings PDF
Chandresh Chudasama
Cyber Security Training in Office Environment
Cyber Security Training in Office Environment
elijahj01012
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
ictsugar
Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...
Peter Ward
PSCC - Capability Statement Presentation
PSCC - Capability Statement Presentation
Anamaria Contreras
Market Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 Edition
Mintel Group
Corporate Profile 47Billion Information Technology
Corporate Profile 47Billion Information Technology
Data Analytics Company - 47Billion Inc.
Church Building Grants To Assist With New Construction, Additions, And Restor...
Church Building Grants To Assist With New Construction, Additions, And Restor...
Americas Got Grants
APRIL2024_UKRAINE_xml_0000000000000 .pdf
APRIL2024_UKRAINE_xml_0000000000000 .pdf
Rbc Rbcua
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
callgirls2057
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdf
Khaled Al Awadi
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
ashishs7044
Enjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCR
Enjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCR
Stunning ➥8448380779▻ Call Girls In Hauz Khas Delhi NCR
Dernier
(20)
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
Chapter 9 PPT 4th edition.pdf internal audit
Chapter 9 PPT 4th edition.pdf internal audit
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
Organizational Structure Running A Successful Business
Organizational Structure Running A Successful Business
Digital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdf
Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...
TriStar Gold Corporate Presentation - April 2024
TriStar Gold Corporate Presentation - April 2024
Guide Complete Set of Residential Architectural Drawings PDF
Guide Complete Set of Residential Architectural Drawings PDF
Cyber Security Training in Office Environment
Cyber Security Training in Office Environment
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...
PSCC - Capability Statement Presentation
PSCC - Capability Statement Presentation
Market Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 Edition
Corporate Profile 47Billion Information Technology
Corporate Profile 47Billion Information Technology
Church Building Grants To Assist With New Construction, Additions, And Restor...
Church Building Grants To Assist With New Construction, Additions, And Restor...
APRIL2024_UKRAINE_xml_0000000000000 .pdf
APRIL2024_UKRAINE_xml_0000000000000 .pdf
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdf
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
Enjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCR
Enjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCR
Family Business Dynamics
1.
Family Business Dynamics
INTRODUCTION • Family Businesses are the oldest and most wide spread form of business structure. • They are potentially the most powerful business structure in the economy • Many of the largest companies in the world have developed from and still are family businesses • Despite this, they are the least studied and understood structure in the economy. Business Solutions 4 You Ltd Copyright © Business Solutions 4 You Ltd 2008 All rights reserved Structuring Businesses to Create Personal Wealth
2.
Family Business Dynamics
BUSINESS STRUCTURES Before looking at the dynamics within a Family Business it is necessary to first differentiate between a Corporate Business structure and an Entrepreneurial Business Structure. The key difference between the two is the question of “Ownership”. Business Solutions 4 You Ltd Copyright © Business Solutions 4 You Ltd 2008 All rights reserved Structuring Businesses to Create Personal Wealth
3.
Family Business Dynamics
BUSINESS STRUCTURES “Ownership” of the business in the corporate sector is in different hands to that of the “business” (Shareholders/Directors) In an entrepreneurial structure “ownership” and the “business” are in the same hands or at least overlap. (Owner/Manager) Business Solutions 4 You Ltd Copyright © Business Solutions 4 You Ltd 2008 All rights reserved Structuring Businesses to Create Personal Wealth
4.
Family Business Dynamics
Corporate Entrepreneurial Structure Structure Ownership Ownership Business Business Business Solutions 4 You Ltd Copyright © Business Solutions 4 You Ltd 2008 All rights reserved Structuring Businesses to Create Personal Wealth
5.
Family Business Dynamics
BUSINESS STRUCTURES The question of ownership is a critical distinction because when ownership and the business overlap, so do business decisions and personal ambitions. In this case it is essential to establish the personal ambitions of the owner/CEO because the strategic plan for the company, that will ultimately be implemented, will be one that satisfies the owner’s personal ambitions whether this is done consciously or unconsciously. Business Solutions 4 You Ltd Copyright © Business Solutions 4 You Ltd 2008 All rights reserved Structuring Businesses to Create Personal Wealth
6.
Family Business Dynamics
FAMILY BUSINESSES The vast majority of entrepreneual companies are small and medium sized enterprises (SMEs) In most developed economies the SME sector represents at least 60%of the national GDP and of this 60%, at least 60% will be Family Business. Business Solutions 4 You Ltd Copyright © Business Solutions 4 You Ltd 2008 All rights reserved Structuring Businesses to Create Personal Wealth
7.
Family Business Dynamics
FAMILY BUSINESSES Family Businesses come in all shapes and sizes and range from multinational giants such as Caterpillar, with $100 billion turnover, to the corner store with less than ₤100,000 turnover per annum. But, no matter what their size, the “family” Now becomes and additional critical factor that has to be analysed in addition to those of “ownership” and the “business” itself. Business Solutions 4 You Ltd Copyright © Business Solutions 4 You Ltd 2008 All rights reserved Structuring Businesses to Create Personal Wealth
8.
Family Business Dynamics
FAMILY BUSINESSES Ownership Family Business Business Solutions 4 You Ltd Copyright © Business Solutions 4 You Ltd 2008 All rights reserved Structuring Businesses to Create Personal Wealth
9.
Family Business Dynamics
DEFINING A FAMILY BUSINESSES Family members do not have to actually work in the business to make the company a family business. In fact, people involved in a family business can occupy one of 7 different positions ranging from, simply being a member of the family, to having an equity stake in the business, to working in the business or any combination of these. Business Solutions 4 You Ltd Copyright © Business Solutions 4 You Ltd 2008 All rights reserved Structuring Businesses to Create Personal Wealth
10.
Family Business Dynamics
Ownership 2 4 5 7 6 1 3 Family Business Business Solutions 4 You Ltd Copyright © Business Solutions 4 You Ltd 2008 All rights reserved Structuring Businesses to Create Personal Wealth
11.
Family Business Dynamics
ROLES WITHIH A FAMILY BUSINESS These differing positions create complex forces within the company, not only because of the differing motivations, dependant upon the positions occupied, but also because these positions are not static. . Business Solutions 4 You Ltd Copyright © Business Solutions 4 You Ltd 2008 All rights reserved Structuring Businesses to Create Personal Wealth
12.
Family Business Dynamics
ROLES WITHIH A FAMILY BUSINESS Over time, the roles of different members of the family will change • children grow up, • the owners become older • other members are introduced through marriage, divorce or even death Business Solutions 4 You Ltd Copyright © Business Solutions 4 You Ltd 2008 All rights reserved Structuring Businesses to Create Personal Wealth
13.
Family Business Dynamics
CHANGE WITHIH A FAMILY BUSINESS • Not only are the roles of the “Family” not static, • but also the “business” itself changes as it moves through different phases of growth. • Additionally, there are often changes in “ownership” either due to the need to raise additional capital or to provide either reward or inheritance benefits. Business Solutions 4 You Ltd Copyright © Business Solutions 4 You Ltd 2008 All rights reserved Structuring Businesses to Create Personal Wealth
14.
Family Business Dynamics
CHANGE WITHIH A FAMILY BUSINESS Although there are typically 7 stages of company growth and 7 possible changes to the family, for the purposes of illustration only 3 stages of change have been identified for each of the components of a Family Business. Business Solutions 4 You Ltd Copyright © Business Solutions 4 You Ltd 2008 All rights reserved Structuring Businesses to Create Personal Wealth
15.
Family Business Dynamics
Cousin Consortium Sibling Partnership Controlling Owner 2 Ownership 4 5 7 Family Business 6 1 3 Enter Business Start Up Work Together Growth Passing Baton Maturity Business Solutions 4 You Ltd Copyright © Business Solutions 4 You Ltd 2008 All rights reserved Structuring Businesses to Create Personal Wealth
16.
Family Business Dynamics
CHANGE WITHIH A FAMILY BUSINESS One of the most dangerous periods of change for a Family Business is when ownership is transferred from one generation to the next. If this is not planned well in advance, understanding the dynamics that are at work, there is more than an even chance that the hand over will not succeed and that the Business will in fact close. Business Solutions 4 You Ltd Copyright © Business Solutions 4 You Ltd 2008 All rights reserved Structuring Businesses to Create Personal Wealth
17.
Family Business Dynamics
MANAGING A FAMILY BUSINESS In order to effectively manage a family business it is therefore essential to understand • The personal ambitions of the owner/manager • Who the family members are and which positions they hold • The stage of development of not only the business but equally the family and the ownership • What changes will occur both short and longer term and what impact these changes will have on the business. Business Solutions 4 You Ltd Copyright © Business Solutions 4 You Ltd 2008 All rights reserved Structuring Businesses to Create Personal Wealth
18.
Family Business Dynamics
THE STUDY OF FAMILY BUSINESS Unfortunately, many business schools do not differentiate between corporate and the entrepreneurial structures and as a result personal motivation is ignored when discussing Strategy. In many cases Family Businesses are totally ignored by business schools and the core topics such as management, strategy, finance, marketing, production and accounting are taught without differentiating between family and non family business. Business Solutions 4 You Ltd Copyright © Business Solutions 4 You Ltd 2008 All rights reserved Structuring Businesses to Create Personal Wealth
19.
Family Business Dynamics
THE STUDY OF FAMILY BUSINESS The economic models, underlying most management science, depends upon the inter changeability of decision makers so that it does not make any difference “who” anybody is. This is clearly not the case in Family Businesses. Business Solutions 4 You Ltd Copyright © Business Solutions 4 You Ltd 2008 All rights reserved Structuring Businesses to Create Personal Wealth
20.
Family Business Dynamics
THE STUDY OF FAMILY BUSINESS Many management consultants do not recognize that a business is in fact a family business. And even if the do, they are unaware of the dynamics within such an organization and consequently they fail to understand why seemingly sound proposals based on management models are either ignored or simply not implemented. Business Solutions 4 You Ltd Copyright © Business Solutions 4 You Ltd 2008 All rights reserved Structuring Businesses to Create Personal Wealth
21.
Family Business Dynamics
When the dynamics within a Family Business are recognized and managed, a Family Business can be a dynamic force in business. When they are not, a Family Business can tear itself apart. Business Solutions 4 You Ltd Copyright © Business Solutions 4 You Ltd 2008 All rights reserved Structuring Businesses to Create Personal Wealth
22.
Family Business Dynamics
When Sigmund Freud was asked what he considered to be the secret of a full life he answered “To Love and To Work”. For most people, the two most important things in their lives are their families and their work. It is therefore easy to understand the potential power of organizations that combine both, family and work, into one enterprise Which we commonly call A Family Businesses. Business Solutions 4 You Ltd Copyright © Business Solutions 4 You Ltd 2008 All rights reserved Structuring Businesses to Create Personal Wealth