Entrepreneurial family firms:
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Boston, Mass. [u.a.]
Prentice Hall
2010
|
| Series: | Prentice Hall Entrepreneurship series
|
| Subjects: | |
| Links: | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=022349559&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| Physical Description: | XVII, 267 S. graph. Darst. |
| ISBN: | 0131577115 9780131577114 |
Staff View
MARC
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Record in the Search Index
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|---|---|
| adam_text | Titel: Entrepreneurial family firms
Autor: Hoy, Frank
Jahr: 2010
BRIEF CONTENTS
Chapter 1 Entrepreneurial Family Firms 1
PART A
Chapter 2
Chapter 3
Chapter 4
Chapter 5
Chapter 6
PART B
Chapter 7
Chapter 8
Chapter 9
Chapter 10
PARTC
Chapter 11
Chapter 12
Glossary 253
ENTREPRENEURIAL FAMILY FIRMS:
CYCLING THROUGH THE (ST)AGES
OF LIFE 19
Individual Life-Cycle (St)ages 26
Family Life-Cycle Stages 46
Business Life-Cycle Stages 76
Product, Industry, Economic Life-Cycle Stages 100
Resources for Starting and Managing the Family Firm
123
ENTREPRENEURSHIP THROUGH
THE STAGES 147
Starting the Venture: Overextended, Undercapitalized 148
Growing, for Better or Worse 169
The Maturing Family Venture 187
Decline—Degeneration or Regeneration? 203
ENTREPRENEURIAL FAMILY FIRMS:
SUCCESS THROUGH LIFE STAGES 217
Governance Tool Kit for Entrepreneurial Family Firms 219
Conclusions: Secret Recipes of Entrepreneurial
Family Firms 234
CONTENTS
Preface xiii
CHAPTER 1 Entrepreneurial Family Firms 1
Long-Lived Firms: Poached to Perfection? 4
Diversity in Start-Up Motives 9
Enterprising Families and Entrepreneurial Firms 11
Scrambled Eggs: Entrepreneurial Family Firms 12
Voyage of Discovery 14
Summary 16
Discussion Questions 17
Learning Exercises 17
Other Resources 18
PART A ENTREPRENEURIAL FAMILY FIRMS:
CYCLING THROUGH THE (ST)AGES
OF LIFE 19
CHAPTER 2 Individual Life-Cycle (St)ages 26
Individual Life Cycle 29
Who Drives the Life Cycle? 30
What Does the Life Cycle Drive? 31
Individual Life-Cycle (St)ages 32
Entrepreneurship through the (St)ages:
A Model for Analysis 35
Preadulthood 35
Provisional Adulthood 39
Early Adulthood 40
Middle Adulthood 41
Late Adulthood 42
Late-Late Adulthood 42
Entrepreneurship and Family Business:
Building a New Model 43
VII
I Vlii Contents
Summary 44
Discussion Questions 45
Learning Exercises 45
Other Resources 45
CHAPTER 3 Family Life-Cycle Stages 46
Families of the 21st Century 48
Families over Time 49
Power of Family Influences 51
Family of Origin 51
Entrepreneurial Personality 51
Values, Beliefs, and Attitudes Regarding Entrepreneurship 55
Within-Family Differences 58
Entrepreneurship Through Family Stages 62
Birth of a Family of Attachment 64
Growth through Birth or Adoption 66
Maturity as Juniors Prepare for Independent Lives 67
Decline in Household Size as Juniors Leave Home 68
Summary 69
Discussion Questions 69
Learning Exercises 70
Other Resources 70
Appendix A: Family Genograms 71
Steps to Prepare a Genogram 71
An Example of a Genogram 73
CHAPTER 4 Business Life-Cycle Stages 76
Sustaining Entrepreneurship across Generations 79
The Organizational Life Cycle 82
Life-Cycle Stages 85
Life-Cycle Scrambles—Individual, Family, Organizational 93
Identifying the Salient Stakeholders 94
Summary 97
Discussion Questions 98
Learning Exercises 99
Other Resources 99
CHAPTER 5 Product, Industry, Economic Life-Cycle Stages 100
Macroenvironmental Trends 103
Product/Industry Cycles and the Family Firm 110
Product Life Cycle 110
Industry Life Cycle 114
Contents ix
Navigating Uncertainty: Implications for Entrepreneurs
and Enterprising Families 116
Opportunities and Threats 117
Strengths and Weaknesses 117
Combining Assets of Newness and Maturity 119
Summary 120
Discussion Questions 120
Learning Exercises 120
Other Resources 121
Appendix 5A: Assessing the Broad Industry Feasibility 122
CHAPTER 6 Resources for Starting and Managing
the Family Firm 123
Obtaining, Using, Creating, Losing Resources 125
Financial Capital 128
Physical Capital 130
Social Capital 131
Human Capital 133
Physical Dimension of Human Capital 134
Intellectual Dimension of Human Capital 135
Psychological Dimension of Human Capital 136
Moral Dimension of Human Capital 138
Resources for Entrepreneurial Family Firms 139
Summary 140
Discussion Questions 141
Learning Exercises 141
Other Resources 142
Resources for Family Business Owners 143
Appendix 6A: Rules for Entry into the Family Business 144
Appendix 6B: Commitment Index: A Preliminary
Assessment Tool 146
PART B ENTREPRENEURSHIP THROUGH
THE STAGES 147
CHAPTER 7 Starting the Venture: Overextended,
Undercapitalized 148
Cooperation and Conflict from the Beginning 150
Start-Up Questions: Why, What, How, Who? 152
Why Bother? 152
The What Factors 154
X Contents
The How to Questions 156
The Who Questions 159
Problems, Opportunities, and Strategies in the
Start-Up Stages 161
Problems 161
Opportunities 163
Strategies 165
Summary 167
Discussion Questions 167
Learning Exercises 168
Other Resources 168
CHAPTER 8 Growing, for Better or Worse 169
Growth: Blessing or Curse? 171
The Impetus for Growth 172
Speed and Direction of Growth 175
First,Why Grow? 175
How to Grow? 176
Navigating Entrepreneurial Growth 178
Dealing with Resistance to Change 179
Professionalizing the Family Firm 180
Using Expert Advisors 181
Problems, Opportunities, and Strategies in the Growth Stage 181
Problems 183
Opportunities 184
Strategies 184
Summary 185
Discussion Questions 185
Learning Exercises 186
Readings 186
Resources for Family Business Owners 186
CHAPTER 9 The Maturing Family Venture 187
Symptoms of Maturing Firms 189
Drivers of Maturity 192
Navigating the Maturity Stage 195
Problems 195
Opportunities 198
Strategies 199
Summary 201
Contents xi ¦
Discussion Questions 201
Learning Exercises 202
Other Resources 202
CHAPTER 10 Decline—Degeneration or Regeneration? 203
Causes of Decline 205
Navigating the Decline Stage 207
Decline Stage in Individuals 208
Decline Stage in Families 209
Decline Stage in Family Businesses 211
Decline Stage in the Macroenvironment 212
Conclusions 214
Summary 215
Discussion Questions 215
Learning Exercises 215
Other Resources 216
PART C ENTREPRENEURIAL FAMILY FIRMS:
SUCCESS THROUGH LIFE STAGES 217
CHAPTER 11 Governance Tool Kit for Entrepreneurial
Family Firms 219
The Challenges of Governance 221
The Governance Tool Kit 222
Board of Directors or Advisors 223
Family Meetings 224
Family Councils 225
Family Office 227
Shareholder Council or Assembly 228
Governance over Life-Cycle Stages 229
Summary 231
Discussion Questions 232
Learning Exercises 232
Other Resources 232
CHAPTER 12 Conclusions: Secret Recipes of
Entrepreneurial Family Firms 234
Seeding Entrepreneurial Spirit in a Family 236
Launching an Entrepreneurial Family Firm 240
Growing an Entrepreneurial Family Firm 242
¦ XII Contents
Maturing Family Firms 245
Regenerating a Declining Family Firm 247
Summary 250
Discussion Questions 251
Learning Exercises 251
Other Resources 252
Glossary 253
Index 259
|
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| id | DE-604.BV026818429 |
| illustrated | Illustrated |
| indexdate | 2024-12-20T15:11:51Z |
| institution | BVB |
| isbn | 0131577115 9780131577114 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-022349559 |
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| physical | XVII, 267 S. graph. Darst. |
| publishDate | 2010 |
| publishDateSearch | 2010 |
| publishDateSort | 2010 |
| publisher | Prentice Hall |
| record_format | marc |
| series2 | Prentice Hall Entrepreneurship series |
| spellingShingle | Hoy, Frank Sharma, Pramodita Entrepreneurial family firms Entrepreneurship (DE-588)7588126-3 gnd Unternehmensentwicklung (DE-588)4125011-4 gnd Familienbetrieb (DE-588)4503339-0 gnd |
| subject_GND | (DE-588)7588126-3 (DE-588)4125011-4 (DE-588)4503339-0 |
| title | Entrepreneurial family firms |
| title_auth | Entrepreneurial family firms |
| title_exact_search | Entrepreneurial family firms |
| title_full | Entrepreneurial family firms Frank Hoy ; Pramodita Sharma |
| title_fullStr | Entrepreneurial family firms Frank Hoy ; Pramodita Sharma |
| title_full_unstemmed | Entrepreneurial family firms Frank Hoy ; Pramodita Sharma |
| title_short | Entrepreneurial family firms |
| title_sort | entrepreneurial family firms |
| topic | Entrepreneurship (DE-588)7588126-3 gnd Unternehmensentwicklung (DE-588)4125011-4 gnd Familienbetrieb (DE-588)4503339-0 gnd |
| topic_facet | Entrepreneurship Unternehmensentwicklung Familienbetrieb |
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