9780324597691

Family-owned businesses face a tougher challenge today than ever before. To ensure your success, Family Business provides you with the next generation of knowledge and skills needed for the profitable management and leadership of the family enterprise. And because the textbook focuses on how to position your family business for a successful future, Family Business is the textbook you'll refer to again and again in the years to come.

Preface	p. vii
About the Author	p. xv
The Family Business: What Makes It Unique?
The Nature, Importance, and Uniqueness of Family Business	p. 1
Great Families in Business: Building Trust and Commitment	p. 27
Ownership of an Enterprise Built to Last	p. 49
The Binghams and the Louisville Courier-Journal Companies	p. 67
Small Family Business Power Play at the Inn	p. 69
The Ferre Media Group	p. 69
Small Family Business "She'll Always Be My Little Sister"	p. 77
The Vega Food Company	p. 78
Leadership Imperatives for the Family and Business: Succession and Continuity
Succession: Continuing Entrepreneurship and the Next Generation	p. 85
Succession and the Transfer of Power	p. 107
Sigma Motion, Inc.	p. 127
Small Family Business The Ambivalent CEO of the Construction Company	p. 137
Small Family Business Borrowing to Grow at Andrews Company	p. 138
Small Family Business Adams Funeral Home	p. 139
Fasteners for Retail (Part A)	p. 141
Ferre Media Group (Part B)	p. 156
The Cousins Tournament	p. 160
Best Practices for the Management and Governance of the Family Business
Creating the Strategy	p. 167
Planning the Estate	p. 187
Financial Considerations and Valuation of the Family Business	p. 201
Key Nonfamily Management: The Visible Commitment to Managing the Family Business Professionally	p. 231
Family Business Governance: Advisory Boards and Boards of Directors	p. 247
Family Communication: Family Meetings, Family Councils, and Family Offices	p. 271
Change, Adaptation and Innovation: The Future of Family Business	p. 293
Continuing the Spirit of Enterprise: Lessons from Centennial Family Companies	p. 325
PrivateCo Business Valuation Report	p. 345
Reliance Industries (Part A)	p. 355
Small Family Business The Son-in-Law	p. 367
Small Family Business The New MBA	p. 368
Small Family Business Real Estate Development Partners, Inc.	p. 369
Small Family Business Glassking Distributor Company	p. 373
New Way Distributing	p. 373
The Reliance Group (Part B)	p. 375
Index	p. 379
Table of Contents provided by Ingram. All Rights Reserved.

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Family Business

Family Business

032459769X

Summary

Table of Contents

Supplemental Materials