Family Business Case Studies Across the World

Succession and Governance in a Disruptive Era

Inbunden, Engelska, 2022

Av Jeremy Cheng, Luis Díaz-Matajira, Nupur P. Bang, Rodrigo Basco, Andrea Calabrò, Albert E. James, Georges Samara

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This book presents a unique collection of case studies from across the globe to create a comprehensive understanding of how family firms can respond to future disruptions. Each case contains learning notes with objectives, discussion questions and suggested readings to facilitate learner understanding and engagement with the topic. Cases on topics such as global succession and governance practices will aid strategic decision-making capabilities in family businesses and will also benefit practitioners in these areas.Diverse in terms of generational involvement, demographic groups, cultural aspects, institutional settings and industries, the cases range from founder-led SMEs to multi-generational family conglomerates in 18 countries spanning over four continents. In addition to identifying successful practices, this book offers unconventional wisdom on the impact of family feuds, sudden death, divorce and multiple marriages on family businesses. It concludes by exposing new understandings on succession and the unique role played by rising-generation leaders in this disruptive era.Informed by the common research paradigm of the Successful Transgenerational Entrepreneurship Practice (STEP) Project Global Consortium, this book will provide a practical learning experience for advanced students and scholars of family business, family entrepreneurship, and strategic management studies.

Produktinformation

Utgivningsdatum2022-05-13
Mått169 x 244 x undefined mm
FormatInbunden
SpråkEngelska
FörlagEdward Elgar Publishing Ltd
ISBN9781800884243

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Edited by Jeremy Cheng, Researcher, Center for Family Business, The Chinese University of Hong Kong, Hong Kong, China, Luis Díaz-Matajira, Assistant Professor, Universidad de los Andes School of Management, Colombia, Nupur Pavan Bang, Associate Director, Thomas Schmidheiny Centre for Family Enterprise, Indian School of Business, India, Rodrigo Basco, Professor and Sheikh Saoud bin Khalid bin Khalid Al-Qassimi Chair in Family Business, American University of Sharjah, UAE, Andrea Calabrò, Professor of Family Business and Entrepreneurship, IPAG Chair for Sustainable Family Business and Entrepreneurship, Academic Director of the STEP Project Global Consortium, IPAG Business School, France, Albert E. James, Associate Professor, Rowe School of Business, Dalhousie University, Canada and Georges Samara, Suliman S. Olayan School of Business, American University of Beirut, Lebanon

Contents:Foreword by Pramodita Sharma xviiForeword by Daniel Trimarchi xixAbout the STEP Project Global Consortium xxiAcknowledgments xxiii1 Family firms across the world: succession and governance ina disruptive era 1Nupur Pavan Bang, Georges Samara, Rodrigo Basco, AndreaCalabrò, Jeremy Cheng, Luis Díaz-Matajira and Albert E. James2 Family business case learning: how to maximize learnings from thisSTEP project global casebook 10Jeremy Cheng, Andrea Calabrò, Luis Díaz-Matajira, Nupur PavanBang, Rodrigo Basco, Albert E. James and Georges SamaraPART I CONFLICTS, SUDDEN DEATH AND SUCCESSION3 Aborted succession: we need both succession and retirement plans 21Miruna Radu-Lefebvre and Ameline Bordas4 Mending the fence before the family fell apart: succession in theShampoo family 28Kavil Ramachandran and Nupur Pavan Bang5 The silence before the storm: intragenerational conflict for succession 37Özlem Yildirim-Öktem and Irmak Erdogan6 Lessons learned from being NextGen 47Peter Klein and Stefan Prigge7 Florax Group: when unintended succession leads to unfulfilled promises 55Rosemarie Steenbeek, Judith van Helvert and Jolanda D.A. Knobel8 Succession turnaround at the Avendorp Group: a true family tragedy 63Daniël Agterhuis, Julian van den Akker and Judith van HelvertPART II GOVERNANCE FOR TRANSITION PLANNING9 Valuing our values: family values driving business success 73Eric Clinton and Stephen Browne10 Time to hang up the boots? 82María Jesús Hernández-Ortiz, Francisca Panadés-Zamora,Myriam Cano-Rubio and Manuel Carlos Vallejo-Martos11 A woman at the helm: growth and succession at Inversora Lockey C.A. 90Nunzia Auletta and Patricia MonteferrantePART III UNCONVENTIONAL WISDOM IN UNUSUAL TIMES12 “Should I stay or should I go?”: Filipe de Botton’s dilemma 102Alexandre Dias da Cunha and Remedios Hernández-Linares13 Can I retire? An early successor’s dilemma 113Dalal Alrubaishi14 Which family prevails during divorce and succession? The WagnerAvila case 121Luis Díaz-Matajira and Stefano Wagner15 “Chemical reaction”: choosing a successor in a mosaic family 129Elena Rozhdestvenskaya16 Clease’s Auto: how a global pandemic allowed a family to maintaintheir family business legacy 138Elizabeth Tetzlaff, Brittany Kraus and Albert E. James17 The Ricci Durand family in the COVID-19 pandemic 144Carmen Pachas Orihuela, Antonio Martínez Valdez and CésarCáceres DagninoPART IV RISING-GENERATION LEADERSHIP IN ONGOING DISRUPTIONS18 Pineola Nurseries: family business succession under fire 153Steve Gaklis19 DC International: riding out of disruption as a third-generation successor 161Marshall Jen, Jeremy Cheng, Kevin Au and Kelly Xing Chen20 Am I ready for this? 169Andrea “Ginny” Santiago21 Universal Cement Corporation: doing “one thing at a time” in thecrisis of multiple needs? 177Yi-Chun Lu, You-Fong Wu and Hsi-Mei Chung22 Conclusion: the lessons learned 184Rodrigo Basco, Albert E. James, Nupur Pavan Bang, AndreaCalabrò, Jeremy Cheng, Luis Díaz-Matajira and Georges SamaraIndex