Family Values and Value Creation: The Fostering Of Enduring Values Within Family-Owned Businesses (A Family Business Publication)

In celebration of IESE's 50 years of bridging the gap between theory and practice, this essential compilation brings together today's top researchers to tackle the real-life issues that family business owners face on a daily basis, shedding new light on the values that shape these special types of companies. Front Matter....Pages i-xvi Introduction....Pages 1-6 Front Matter....Pages 7-7 Learning from Practice: How to Avoid Mistakes in Succession Processes....Pages 9-28 The Shape of Things to Come — Emotional Ownership and the Next Generation in the Family Firm....Pages 29-52 Front Matter....Pages 53-53 Power as Service in Family Business....Pages 55-70 A Classification Scheme for Family Firms: From Family Values to Effective Governance to Firm Performance....Pages 71-101 How Values Dilemmas Underscore the Difficult Issues of Governing the Large, Enterprising Family....Pages 102-124 Front Matter....Pages 125-125 Toward a Typology of Family Business Systems....Pages 127-154 Embeddedness of Owner-Managers: The Moderating Role of Values....Pages 155-165 Single Family Offices: The Art of Effective Wealth Management....Pages 166-193 Front Matter....Pages 195-195 The Impact of Family Business on Society....Pages 197-213 Fair Process and Emotional Intelligence....Pages 214-235 Family Firms and the Contingent Value of Board Interlocks: The Spanish Case....Pages 236-259 Conclusion....Pages 260-265 Back Matter....Pages 267-275 The values and cultures of successful family businesses have long been acclaimed but rarely examined. This book attempts to rectify that. Featuring cross-Atlantic contributions from Bocconi, Harvard, London Business School, Kellogg and others, this important compilation assembles leading research by those who pioneered the field before it became popular. It addresses real issues that family business owners face on a daily basis - from strategy and governance, to culture and performance - fostering professional interactions that will no doubt stimulate further research on this special subject.5