Family businesses are the most common business form in the world, ranging from the millions of small local businesses to giants such as Walmart. This book showcases the crucial contribution that family businesses make to the world economy and informs students of the existing and potential research in this area.
Drawing upon global academic research and case studies, theories of family businesses are explained and prevailing myths and assumptions are tested. Features including exercises linked to case studies develop skills in applying theories in practice.
This concise textbook is essential reading for students of family business and useful additional reading for those interested in entrepreneurship more broadly.
Table of Contents
1. What’s So Special About Family Business? 2. Nothing so Practical as Good Theory 3. Family Firms: Same or Different? 4. Professionalization and Governance 5. Families in Business: Expansion and Entrepreneurship 6. Succession Issues and Alternatives 7. Succession Processes and the Next Generation 8. Finance, Investment and Shareholding 9. Community, Philanthropy, and Social Responsibility 10. Longevity and the Future for Family Firms
Carole Howorth is Professor of Family Business and Entrepreneurship at the University of York, UK.
Nick Robinson is a writer and editor with over 30 years’ experience as an entrepreneur, including founding and running family and non-family businesses.