UsefulLinks
Business and Management
Management and Leadership
Specialized Management Areas
Family Business Management
1. Introduction to Family Business
2. Foundational Models and Theories
3. Family Dynamics and Culture
4. Governance Structures
5. Strategic Management in Family Firms
6. Succession Planning and Leadership Transition
7. Ownership and Wealth Management
8. Professionalization of the Family Business
9. Conflict Resolution
10. The Next Generation
11. Contemporary Issues in Family Business Management
10.
The Next Generation
10.1.
Preparing Heirs for Leadership and Ownership
10.1.1.
Early Involvement in the Business
10.1.2.
Exposure to Decision-Making
10.1.3.
Responsibility Progression
10.2.
Career Planning for Family Members
10.2.1.
Identifying Interests and Strengths
10.2.2.
Career Pathways Inside and Outside the Firm
10.2.3.
Professional Development
10.3.
Rights and Responsibilities of the Next Generation
10.3.1.
Ownership Rights
10.3.2.
Participation in Governance
10.3.3.
Stewardship Responsibilities
10.3.4.
Performance Expectations
10.4.
Managing Generational Differences
10.4.1.
Bridging Value Gaps
10.4.2.
Facilitating Intergenerational Dialogue
10.4.3.
Adapting to Changing Expectations
10.4.4.
Technology and Innovation Adoption
10.5.
Education and Development Programs
10.5.1.
Formal Education Requirements
10.5.2.
Business School Programs
10.5.3.
Family Business Centers
10.5.4.
Peer Networks
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9. Conflict Resolution
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11. Contemporary Issues in Family Business Management