This book provides an extensive overview of family business-related topics such as context and uniqueness, lifecycle and ownership configurations, conflict management, corporate governance, succession challenges, internationalization, innovation, and socioemotional wealth. Each chapter features clear learning objectives, key concepts and terminology, and dedicated case studies to demonstrate the main messages. The book not only considers the day-to-day dynamics in family businesses, but also places substantial emphasis on the entrepreneurial skills needed for these businesses to survive and thrive, today and tomorrow. In addition, it elaborates and discusses a number of best practice examples, which offer valuable guidance not only for scholars, but also for students who wish to study these challenges.

Nature of Family Business

Governance in the Family Businesses
Strategic Management in Family Businesses
Innovation in Family Businesses
Succession and Family Businesses Longevity
Socioemotional Wealth in Family Businesses
Human Resource Management in Family Business
Conflict Management in Family Businesses
Internationalization of Family Businesses
Case Study 1 - The New York Times Company - The Evolution of a Publicly-traded Family Firm via Changes in Corporate Governance and Strategies
Case Study 2 - Merdeka College International Communication Bridge (ICB) - Founder's Succession Concerns
Case Study 3 - Ugarak Product - Preserving Socioemotional Wealth in the Family Business
Case Study 4 - QCamel: A Journey Full of Ethical Farming.