Securing the Future of the Family Enterprise: A Model of Offspring Intentions to Join the Business

1998 ◽  
Vol 23 (2) ◽  
pp. 19-40 ◽  
Author(s):  
Eleni T. Stavrou ◽  
Paul Michael Swiercz
Erard ◽  
2021 ◽  
pp. 112-120
Author(s):  
Robert Adelson

During the years following the invention of the double-escapement action, Sébastien became too ill to manage the operations of the firm. With Sébastien indisposed, Jean-Baptiste took a more active role in the inventive work, and in particular with refinements to the double escapement action. Jean-Baptiste’s death in 1826, however, left Sébastien and Pierre deeply uneasy about the future of their family enterprise. Pierre understood that in order to ensure the perennity of the Erard firm he needed a successor, because the workers trained at the London branch would not necessarily be as motivated as would an Erard family member to invest their efforts and capital in the firm. Since Sébastien remained single, and Céleste childless and in any case living in Berlin, far from the family enterprise, Pierre would have certainly felt pressure to marry and found a family. However, Pierre’s homosexuality, kept secret from his family and only recently discovered, made marriage and the subsequent transmission of the family enterprise to a potential heir problematic. When Pierre returned to Paris after his father’s death, he came to the realisation that his father had been a poor manager who left the firm in a disastrous financial state. As a result, Sébastien threatened to close the Paris branch, but in the end maintained it while making drastic reductions in the workforce.


Author(s):  
Ivan Lansberg

In early 2014, the family leadership of Bush Brothers & Company, a leading player in canned vegetables (its Bush's Best line dominated the canned-beans market), faced questions about the family's vision for the future in light of an imminent leadership transition: third-generation member, longtime board chair, and, until recently, CEO Jim Ethier planned to leave his role as early as 2015. The family was into its sixth generation, with nearly sixty family shareholders spread across four branches. On the business side, the first non-family CEO was overseeing development of a growth strategy, including ongoing ventures into competitive new markets such as Hispanic foods. Its fourth-generation leaders including Drew Everett (vice president of human resources and shareholder relations, and likely board chair successor), Sarah (chair of the family senate), and Tony (chair of the family's private trust company) faced questions about whom to involve in developing a future vision, how to formulate the vision effectively, and what vision would best serve business and family interests. These questions represented underlying strategic dilemmas, such as whether to have a select group of leaders craft the vision or to solicit input from a wider range of shareholders, and how much to allow the business vision to drive the ‘people’ vision all framed by recent unsuccessful attempts to develop a shared vision. Resolving these dilemmas successfully would help the family frame and advance its established traditions of leadership, governance, and culture within a truly shared vision that boosted unity and long-term commitment. Students working on the case will gain insights into the framework, process, and challenges associated with developing a shared vision for a complex, multigeneration family enterprise.


Think India ◽  
2019 ◽  
Vol 22 (3) ◽  
pp. 880-885
Author(s):  
K.P. Bhavatharini ◽  
Ms Dr. Anita Albert

Manju Kapur exposes the disparity and how modernity plays a major role in our society and also the hollowness modern life through her novel Custody. The present paper deals with the key aspects of custody, like extra marital affair, exploration of children and the law system of India. Manju Kapur has published five novels and all her novels dealt with postmodern era, which became sensational in the literary world. She talks about the life of people in Metropolitan cities and how it changes the attitude of theirs and makes them to be victims of modernity through her novel Custody. She manages to disclose the atmosphere which revolves around the family and how it destroys their peace. Here the author portrays how her female protagonist goes to an extent to fulfill her need even breaking her marital relationship with her husband and lack of concern with her children. She portrays the unimaginable incident of broken marriage and illustrates how it causes their children to yearning for their custody from their parents. The children are mentally affected because of the conflict between their egoistic parents to take back their custody only to win the battle not having the real concern over the future of their children. The author manages to create an excellent atmosphere that reveals the various disasters roaming around the family. The future of the children is also hazard. This novel proves that Manju Kapur is a great curator of the modern Indian family.


Author(s):  
Daniel M. Weinstock

This chapter argues that parents have a right to raise their children according to the tenets of the religions that they profess. That right can be seen as grounded in the interest that children have in enjoying the kind of intimacy within the family context that is facilitated by participation in practices and rituals rooted in comprehensive conceptions of the good. It also argues, however, that children have a right to be raised in a manner that does not foreclose their future autonomy. These two rights can be reconciled if we distinguish acceptable and unacceptably asymmetrical upbringings. Parents can incline their children toward certain values and practices in accordance with their comprehensive conceptions, on condition that they also provide children with the conditions that will allow them to make autonomous decisions in the future.


1895 ◽  
Vol 2 (12) ◽  
pp. 529-539 ◽  
Author(s):  
H. A. Nicholson ◽  
J. E. Marr

Since the remarkable paper by Professor Lapworth “On an Improved Classification of the Rhabdophora” was published in the Geological Magazine for 1873, a great deal of fresh information has been gathered as to these interesting fossils; but the classification given in that paper, though to some extent confessedly artificial, is still generally adhered to. Observations made by the authors in recent years lead them to suppose that that classification will in the future undergo considerable modification; but in the present state of our knowledge it serves a purpose so useful, that it is not our intention to propose any immediate change in it. Our object, on the other hand, is to bring forward certain conclusions which we have independently reached, and which will, we believe, enhance the value of Graptolites to the stratigraphical geologist, and lead to results important to the biologist. Our conclusions are based upon an examination of a large number of forms generally referred to the family Dichograptidæ; but, as we propose very briefly to indicate, they affect the relationships of Graptolites belonging to other families also.


2017 ◽  
Vol 5 (1) ◽  
Author(s):  
Supriyo Supriyo

Human life with all its activities in order to meet the needs of life always will always faced the possibility of risk either directly or indirectly, can occur in the short term or long term. A possibility of the occurrence or risk had certainly will affect the activity to be done And adversely affect the economy of a family and even a company, if the risks that occur have a vital impact on the family or an organization. Many failures within a company's organization are due to unforeseen risks occurring as for example the company never thinks that a newly established company is still in the short run abruptly because a workforce lacking control in the production system creates a great fire and spends all and has a bad impact For the economy of a family and even a company, if the risks that occur have a vital impact on the family or an organization. Many failures within a company's organization are due to unforeseen risks occurring as for example the company never thinks that a newly established company is still in the short run abruptly because a workforce lacking control in the production system creates a terrible fire and consumes all the company's assets Newly established. Everyone or anyone else would not want the incident to happen and befall themselves and his business in the future. Keywords: Islamic perspective, Risk management


Author(s):  
Silvio Luiz Martins Britto ◽  
Arno Bayer

O artigo analisa a obra Rechenbuch für Deutsche Schulen in Brasillien 2º Heft[1], de Matheus Grimm[2], com ênfase na seção XII, que aborda cálculos de economia doméstica e rural. Como o tema se insere na História da Educação Matemática, este estudo qualitativo e documental ampara-se na história cultural. A obra editada pela livraria Selbach, de Porto Alegre, teve sua primeira edição em 1900. O público-alvo eram os alunos do 3º e 4º ano elementar das escolas rurais teuto-brasileiras, unidocentes e mistas. A ideia era orientar os futuros colonos em suas receitas e despesas para administrar corretamente o orçamento familiar e gerenciar a produção na propriedade rural. Essa prática era comum nessas comunidades, pois havia o intuito de preparar as crianças para o futuro, com condições de realizar transações comerciais e dar continuidade aos negócios da família. Tais ações, contemporaneamente, fariam parte da denominada Educação Financeira, como objeto de conhecimento indispensável a ser trabalhado nas escolas brasileiras. As atividades desenvolvidas, a partir de situações-problema, estão relacionadas aos diferentes conteúdos matemáticos, envolvendo a aritmética, desenvolvendo habilidades para o manejo do cálculo escrito e mental por meio da resolução de problemas do cotidiano.   Palavras-chave: História da Educação Matemática. Ensino. Economia Doméstica e Rural.   Abstract The article analyzes the book Calculation for German schools in Brazil 2nd notebook, by Matheus Grimm, with an emphasis on section XII, which addresses household and rural economy calculations. As the theme is inserted in the History of Mathematics Education, this qualitative and documentary study is based on cultural history. The book published by the bookstore Selbach, Porto Alegre, had its first edition in 1900. The target audience were the students of the 3rd and 4th elementary year of the rural schools in Brazil, unidocentes and mixed. The idea was to guide the future settlers in their income and expenses to properly manage the family budget and manage the production in the rural property. This practice was common in these communities, since it was intended to prepare the children for the future, able to carry out commercial transactions and give continuity to the family business. Such actions, at the same time, would be part of the denominated Financial Education, as an object of knowledge indispensable to be worked in Brazilian schools. The activities developed, based on problem situations, are related to different mathematical contents, involving arithmetic, developing skills for the management of written and mental calculation through the resolution of everyday problems.   Keywords: History of Mathematics Education. Teaching. Domestic and Rural Economy.  


2020 ◽  
Vol 9 (1) ◽  
pp. 28-38
Author(s):  
Allan Discua

Introduction: Around the world, entrepreneurial activity is influenced by family. The influence of family in the creation, management, development and continuity of small, medium and large size enterprises is unequivocal. In this revision article, I argue for the relevance of further research in Honduras around entrepreneurship and the family enterprise. Methods and Discussion: As families in business are vital to the social and economic fabric of communities around the world there is value in understanding the special nature of enterprises that operate as family businesses. Honduras is a relevant context of study as research on family enterprises has been underrepresented and several challenges and fortuitous events affect the emergence and continuity of family enterprises. Conclusion: To advance understanding, this revision article brings together a collection of themes that provide a nuanced overview of key discussions and opportunities for further research.


Sign in / Sign up

Export Citation Format

Share Document