Higher Education

Family Business, 4th Edition

  • Ernesto J. Poza Thunderbird University
  • ISBN-10: 1285056825  |  ISBN-13: 9781285056821
  • 480 Pages
  • Previous Editions: 2010, 2007, 2004
  • © 2014 | Published
  • College Bookstore Wholesale Price = $142.25
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About

Overview

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. Available with InfoTrac® Student Collections http://gocengage.com/infotrac.

Features and Benefits

  • Revealing new statistics and research findings with significant implications for family business management.
  • Scholarly, Yet Accessible: Rooted in theory, research, and practice, FAMILY BUSINESS goes beyond traditional textbooks by not only fostering understanding of family business theory and family dynamics but also exploring the subject with a managerial action orientation. Yet the high-level material is presented in an understandable, accessible way.
  • Forward Looking: FAMILY BUSINESS looks at the firm across generations and provides strategic insights for positioning the firm for future growth.
  • Leadership Orientation: The critical leadership tasks for family businesses receive comprehensive treatment and the role and importance of leadership is introduced early in the text.
  • Real Cases: There are numerous family business cases appearing throughout the text. These cases feature a diverse array of industries, firm sizes, regions, leaders and challenges.

Table of Contents

Preface.
About The Author.
Part I. THE FAMILY BUSINESS: WHAT MAKES IT UNIQUE?
1. The Nature, Importance, and Uniqueness of Family Business.
2. Great Families in Business: Building Trust and Commitment.
3. Ownership of An Enterprise Built To Last.
Case 1. The Binghams and the Louisville Courier-Journal Companies.
Case 2. SMALL FAMILY BUSINESS Power Play at the Inn.
Case 3. The Ferré Media Group.
Case 4. SMALL FAMILY BUSINESS "She'll Always Be My Little Sister".
Case 5. The Vega Food Company.
Part II. LEADERSHIP IMPERATIVES FOR THE FAMILY AND BUSINESS: SUCCESSION AND CONTINUITY.
4. Succession: Continuing Entrepreneurship and The Next Generation.
5. Succession and The Transfer of Power.
Case 6. Sigma Motion, Inc..
Case 7. SMALL FAMILY BUSINESS The Ambivalent CEO of The Construction Company.
Case 8. SMALL FAMILY BUSINESS Borrowing to Grow at Andrews Company.
Case 9. SMALL FAMILY BUSINESS Adams Funeral Home.
Case 10. Fasteners for Retail (Part A).
Case 11. Ferré Media Group (Part B).
Case 12. The Cousins Tournament.
Part III. BEST PRACTICES FOR THE MANAGEMENTAND GOVERNANCE OF THE FAMILY BUSINESS.
6. Creating the Strategy.
7. Planning the Estate.
8. Financial Considerations and Valuation of The Family Business.
9. Key Nonfamily Management: The Visible Commitment to Managing The Family Business Professionally.
10. Family Business Governance: Advisory Boards and Boards of Directors.
11. Family Communication: Family Meetings, Family Councils, and Family Offices.
12. Change, Adaptation and Innovation: The Future of Family Business.
13. Continuing The Spirit of Enterprise: Lessons From Centennial Family Companies.
Case 13. PrivateCo Business Valuation Report.
Case 14. Reliance Industries (Part A).
Case 15. SMALL FAMILY BUSINESS The Son-In-Law.
Case 16. SMALL FAMILY BUSINESS The New MBA.
Case 17. SMALL FAMILY BUSINESS Real Estate Development Partners, Inc..
Case 18. SMALL FAMILY BUSINESS Glassking Distributor Company.
Case 19. New Way Distributing.
Case 20. The Reliance Group (Part B).
Index.

What's New

  • New statistics and research findings with significant implications for family business management.
  • The family governance challenge, including a recognition of the influence of wealth and the loss of the entrepreneurial spirit in the demise of family businesses.
  • New chapter on the Owners Plan. The owners plan communicates through accounting, promotes responsible shareholder education, sets clear expectations for financial returns, acknowledges the importance of cash-flow management, and the advantages created by patient family capital.
  • New decision-making cases in which the reader is asked to assume the role of the CEO or successor and make strategic fact-based decisions.
  • New small family business cases for the many readers who come from small to medium-sized family businesses.
  • An experiential learning simulation, The Family Business Game, available online to instructors for use in class.
  • InfoTrac® Student Collections are specialized databases expertly drawn from the Gale Academic One library. Each InfoTrac® Student Collection enhances the student learning experience in the specific course area related to the product. These specialized databases allow access to hundreds of scholarly and popular publications - all reliable sources - including journals, encyclopedias, and academic reports. Learn more and access at: http://gocengage.com/infotrac.

Supplements

All supplements have been updated in coordination with the main title. Select the main title's "About" tab, then select "What's New" for updates specific to title's edition.

For more information about these supplements, or to obtain them, contact your Learning Consultant.

Instructor Supplements

Instructor's Manual with Case Notes and Test Questions (Web Only)  (ISBN-10: 1285056833 | ISBN-13: 9781285056838)

Prepared by book author Ernesto Poza, the instructor's manual has the dual objective of reducing preparation time and making your teaching more effective. It provides comprehensive and integrated teaching support, including notes for all cases. Available on the product support site only.

PowerPoint® Slides (Web Only)  (ISBN-10: 1285056841 | ISBN-13: 9781285056845)

PowerPoint presentation slides accompany every chapter, providing you with a complete set of basic notes for lectures and providing students with a helpful set of review materials. These slides, which highlight and synthesize key concepts for greater recall, are available on the product support site only.

Meet the Author

Author Bio

Ernesto J. Poza

Ernesto Poza is a professor for the Global Entrepreneurship and Family Enterprise at the Thunderbird School of Global Management. His research interests are in the areas of family business continuity, growing the family-led business, governance of family business, and family culture.