This innovative textbook covers the most important managerial challenges facing family businesses. It is research-based and includes theory and practice along with concepts, cases and reflection questions to illustrate the key topics.
This text discusses the relevance of family firms across the globe, their unique strengths and weaknesses, their governance, strategic management, the succession process, drivers of long-term success and interpersonal dynamics. Taking a holistic and international perspective, the book combines management concepts, research findings, practical examples and case studies to provide a unique source of insight and inspiration for students and practitioners in the most prominent type of business organization in the world.
This textbook’s comprehensive coverage of topics and combination of didactical formats makes it ideal for students studying family firms, and a useful reference for professors, advisors, and practitioners as well.
In June 2018, the textbook was awarded the EURAM Book Award 2018. One year after the successful book launch in Singapur.
Based on the book, we developed a tool, called the Family Business Navigator. With the help of the navigator, you learn more about the typical opportunities and potential challenges of your family business. It can be used as a benchmark for your own analysis and points at measures that secure the long-term success of your business. The tool mainly relates to the heterogeneity of family businesses as discussed in chapter 1 of the book.
Below you will find additional material on the book. You can download the individual reflection questions, tables, illustrations of each chapter and videos that illustrate specific topics of the book in a separate and simple way.
Full Professor of Business Administration with specialisation in Family Business at the University of St.Gallen, Managing Director KMU-HSG, Managing Director CFB-HSG