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This book provides an extensive overview of family business-related topics such as context and uniqueness, lifecycle and ownership configurations, conflict management, corporate governance, succession challenges, internationalization, innovation, and socioemotional wealth. Each chapter features clear learning objectives, key concepts and terminology, and dedicated case studies to demonstrate the main messages. The book not only considers the day-to-day dynamics in family businesses, but also places substantial emphasis on the entrepreneurial skills needed for these businesses to survive and thrive, today and tomorrow. In addition, it elaborates and discusses a number of best practice examples, which offer valuable guidance not only for scholars, but also for students who wish to study these challenges.

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Social businesses and non-profit organizations act at the interface of markets and civil societies. Their executives are challenged by issues of social mission and economic rationale. This book presents a new concept of social businesses and a framework for the mission and strategy-related decision making in this complex concept.

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Understanding Family Businesses

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Businesses owned and operated by families constitute the vast majority of firms around the world.  These firms are found in all industrial segments, from retail and service establishments to heavy manufacturers. Their sizes and revenues range from the smallest venture of a husband and wife roadside food stall in rural India to the largest multinational, highly diversified corporations in the United States and Europe. Many challenges, such as competition, regulation, environmental concerns, access to capital, and macroeconomic factors confront family and nonfamily firms alike.  In addition, family and closely-held firms grapple with such issues of succession, continuity, conflict resolution, identity and organizational roles, estate and financial planning that are idiosyncratic to them; when psychological, social, and emotional factors are in play, constantly changing familial relationships influence the strategic and financial choices they make.  Yet, there has been comparatively little theoretical or empirical research undertaken on family firms, relative to entrepreneurship and strategic management. This book addresses gaps in the literature by presenting a holistic, multi-disciplinary approach to the study and practice of family business that draws from such fields as psychology, anthropology, sociology, strategy, family therapy, family studies, wealth management, and international business. An international array of experts addresses both macro issues (including the role of family businesses in new business creation and economic development, influences of culture on family business, public policies that can encourage or threaten family business) and firm management (strategic and financial decision making, governance, entering and exiting).  Featuring case studies from firms in a variety of industries, Understanding Family Businesses not only offers provocative new insights on family business dynamics, but outlines an agenda for future research. Â

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Competitive Information in Small Businesses

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This book is about using information in small businesses to compete; it is about strategy and information systems. It examines problems that these businesses face and suggests some solutions. It looks at how strategie planning takes place and how information systems should be designed and developed in line with strategy, from a business rather than a purely technical point ofview. The main contribution made is proposing an approach to crafting strategy, designing new business processes and information systems planning that could realistically be used by the average small business, that is one without great knowledge of strategy or information systems, and one that cannot afford to buy in this knowledge. The approach differs from others suggested in the literature in that it emphasises the important role of creativity in the process of creating strategy and in information system design and illustrates where this creativity may come from, it emphasises the importance of getting staff involved and it attempts to lessen the communication problems that exists between business people and information system developers, something that historically has caused problems.

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Behavioral Specifications of Businesses and Systems

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Behavioral Specifications of Businesses and Systems deals with the reading, writing and understanding of specifications. The papers presented in this book describe useful and sometimes elegant concepts, good practices (in programming and in specifications), and solid underlying theory that is of interest and importance to those who deal with increased complexity of business and systems. Most concepts have been successfully used in actual industrial projects, while others are from the forefront of research. Authors include practitioners, business thinkers, academics and applied mathematicians. These seemingly different papers address different aspects of a single problem - taming complexity. Behavioral Specifications of Businesses and Systems emphasizes simplicity and elegance in specifications without concentrating on particular methodologies, languages or tools. It shows how to handle complexity, and, specifically, how to succeed in understanding and specifying businesses and systems based upon precise and abstract concepts. It promotes reuse of such concepts, and of constructs based on them, without taking reuse for granted. Behavioral Specifications of Businesses and Systems is the second volume of papers based on a series of workshops held alongside ACM's annual conference on Object-Oriented Programming Systems Languages and Applications (OOPSLA) and European Conference on Object-Oriented Programming (ECOOP). The first volume, Object-Oriented Behavioral Specifications, edited by Haim Kilov and William Harvey, was published by Kluwer Academic Publishers in 1996.

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