Mechanisms to Assure Long-Term Family Business Survival; A Study of the Dynamics of Cohesion in Multigenerational Family Business Families
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Mechanisms to Assure Long-Term Family Business Survival; A Study of the Dynamics of Cohesion in Multigenerational Family Business Families

Mechanisms to Assure Long-Term Family Business Survival; A Study of the Dynamics of Cohesion in Multigenerational Family Business Families


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About the Book

The business world is dominated by family businesses of all sizes. Economies and societies depend on them. One tremendous advantage is that they focus on sustainability, long-term business and community support, and survival. Answering the question of how they survive intact and how families can maintain family unity over hundreds of years is essential. To answer this question, interviews with seven multi-century, large multigenerational family businesses from Germany were undertaken to uncover secrets of their success. Chief among health indicators is family cohesion. What these families practice is the use of multiple dimensions of cohesion to bond the widest number of owners to the family and business, and to fulfill the family and business dreams. The specific different mechanisms they use are revealed in this text. Maintaining family cohesion also requires family business leaders to effectively manage the ambiguities that come along with seemingly irreconcilable forms of cohesion and with potentially diverging interests and goals of owners. By exploring the conditions for sustainable family cohesion, the study adds new recommendations for effective family business governance.
About the Author: The Author: Torsten M. Pieper graduated with a Master of Science (MSc) in business administration (Dipl.-Kfm.) from Saarland University Saarbrücken and with an MSc in management from EM LYON Business School (France). This study originated from his work at the European Family Business Center at European Business School (Germany) where he received his doctoral degree. He continues his research on family business at Kennesaw State University (USA).


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Product Details
  • ISBN-13: 9783631570500
  • Publisher: Peter Lang AG
  • Binding: Paperback
  • Height: 210 mm
  • No of Pages: 310
  • Series Title: Europaeische Hochschulschriften / European University Studie
  • Sub Title: A Study of the Dynamics of Cohesion in Multigenerational Family Business Families
  • Width: 148 mm
  • ISBN-10: 3631570503
  • Publisher Date: 11 Sep 2007
  • Edition: New edition
  • Language: English
  • Returnable: N
  • Spine Width: 18 mm
  • Weight: 449 gr


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Mechanisms to Assure Long-Term Family Business Survival; A Study of the Dynamics of Cohesion in Multigenerational Family Business Families
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Mechanisms to Assure Long-Term Family Business Survival; A Study of the Dynamics of Cohesion in Multigenerational Family Business Families
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