Contents: 1. Introduction 2. Defining the family business 3. Prevalence and economic contribution of family firms around the globe 4. Strengths and weaknesses of family firms 5. Governance in the family firm 6. Strategic management in the family firm 7. Succession in the family firm 8. Change and transgenerational value creation 9. Financial management in the family firm 10. Interpersonal relationships and conflict in the family firm Index
Thomas Zellweger, Professor of Management, University of St. Gallen, Switzerland
‘Zellweger’s book serves as a foundational text in its marriage of
theory and practice. The text effectively fills a large gap in
available resources on family firms and starts an engaging
discourse highlighting their common challenges and available
strategies to address them. Zellweger is among the first to offer
sufficient depth across a number of core topics for family
businesses. His book is a timely and relevant contribution that
many have been waiting for and will enjoy.’
*Academy of Management Learning & Education*
‘Zellweger has written a wide-ranging, thorough and very readable
examination of the family business. His discussions of governance,
succession planning, financial management, and conflict resolution
draw on over 40 years of research, with relevant case studies that
provoke discussion and reflection. His overview of cultural
differences in families and in family businesses shows his grounded
perspective. This text will provide a strong educational foundation
for students and proactive family business owners alike.’
*John A. Davis, Harvard Business School, US*
‘One of the top international researchers in the family business
field, a celebrated instructor, and a thoughtful practitioner,
Thomas Zellweger succeeded in the daunting task of writing a book
on family enterprises that appeals to multiple audiences. By
carefully identifying the themes that are crucial to family
business continuity, and by connecting them through a
multidisciplinary approach that is at the same time intellectually
deep, practically relevant, and crystal clear, the author does full
justice to the complexity of family firms, and to their vital role
in our economies and societies.’
*Carlo Salvato, Bocconi University, Italy*
‘I strongly recommend this unique textbook about family firms as it
is an excellent resource for students and practitioners alike.
Research based insights on most pressing topics are discussed in an
engaging manner that makes it a joy to read!’
*Pramodita Sharma, Editor, Family Business Review and University of
Vermont, US*
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