Free Dissertations - Management Dissertations

A Family Meeting Could Be Set Up In Order To Bring To The Surface Any ...

A family meeting could be set up in order to bring to the surface any important family issues.
One scenario which the brothers may be prepared to adopt is the two-dimensional model of Jaffe which consists simply of a family council and a business board working in parallel with an external adviser bridging the gap between the two. Ideally this process should be set up at least 3 years before the brothers leave the business, in order to ensure the appropriate selection and development of a successor(s).
A prime example is that of the Chairman of Infosys in India, Narayana Murthy. He has been responsible for building his company from nothing to 58,000 employees and profits of $555m on sales of $2bill over a period of 23 years. He stepped down as CEO 4 years ago to become Chairman. At the age of 60 he has relinquished that job as well and will just act now as mentor to some of his senior colleagues. He felt it appropriate for a dynamic global company (context) that the top position should go to best person for the job. That turned out not to be a family member a most unusual decision for Indian companies. The Greek company could probably learn a lot from studying Murthy's example.
BIBLIOGRAPHY
Books
Barrow C (1987), Pocket Entrepreneur, Blackwell
Leach P and Bogod T (1999), Guide to the Family Business, Kogan Page
Revans R (1982), The Origins and Growth of Action Learning, Chartwell-Bratt
Journal Articles
Anonymous writer (2006), The Wired Man of Bangalore, The Economist, August
10
Bagby D (2004), Enhancing Succession Research in the Family Firm: a Commentary
on Towards an Integrative Model of Effective FOB Succession,
Entrepreneurship Theory and Practice, Summer
Dascher P & Jens W (1999), Family Business Succession Planning, Business
Horizons, September/October
Jackson K (2005), Case Study of a Succession Plan, Journal of Financial Planning,
July
Jaffe D (2005), Strategic Planning for the Family in Business, Journal of Financial
Planning, March
Le Breton Miller I, Miller D & Steier L (2004), Toward an Integrative Model of
FOB Succession, Entrepreneurship Theory and Practice, Summer
Lewis B (1996), Three Common Mistakes in Succession Planning, Journal of
Management in Engineering, January/February
Malinen P (2001), Like Father, Like Son? Small Family Business Succession
Problems in Finland, Enterprise and Innovation Management Studies, Vol. 2, No.

Order Now. It takes less than 2 minutes.

  1.  
  2.  
  1.  

Please note: The above dissertation snippet was written by a student and then submitted to us to display and help others. Thanks to all the students who have submitted their work to us.