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 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
'Zellweger has an amazing capacity to delve into the complexities
and paradoxes related to family businesses, and explain everything
in simple, yet very comprehensive way. His capabilities to
simultaneously wear the hats of teacher, practitioner and
researcher are reflected right across the book. This is a milestone
publication as it synthesises the existing knowledge on family
business for the benefit of students and practitioners alike across
the spectrum in all parts of the world.' -- Kavil Ramachandran,
Thomas Schmidheiny Centre for Family Enterprise, Indian School of
Business
'Managing the Family Business is a superb contribution; of
unparalleled merit as a text for bachelors and masters level
courses in family business, and of enormous benefit to
practitioners in its sound and actionable insights for those
grappling with the myriad challenges of managing family firms. Its
scope and thoroughness will also be useful to scholars wishing to
advance the field. This book has my highest recommendation.' --
Danny Miller, HEC Montreal, Canada
'Overall, the textbook provides a nice introduction to topics
pertinent to family businesses. . . The book is a worthy addition
to the family business field.' -- IIMB Management Review
'This book presents a fine balance across all dimensions of family
businesses and makes a comprehensive presen-tation of the field of
family business. The book can be a reference book/textbook for
college students specialising in family business management. It can
also be a good reference book for young researchers in family
business. It can also be a great resource for family business
owners and their heirs. The book can be adopted by educators of
family business courses to cover a broad range of issues.' --
Journal of Entrepreneurship
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