Description
Book SynopsisTrade Review‘Cases are a slice of life that offer a mirror into the life and work of a family enterprise. As the world changes so deeply these cases help us understand the unique ways that families are responding to the current time of crisis and upheaval. Incredible stories!' -- Dennis Jaffe, BanyanGlobal Family Business Advisors
‘This very impressive volume contains extraordinarily useful case studies that address key challenges that face family businesses today. The authors generously share their academic expertise and blend it with up to date stories based on real life experience from family businesses across the world. As an editor of the first STEP Project book published in 2010, I can highly recommend this book to anyone with an interest in understanding successful family enterprising.’ -- Mattias Nordqvist, Stockholm School of Economics, Sweden
Table of ContentsContents: Foreword by Pramodita Sharma xvii Foreword by Daniel Trimarchi xix About the STEP Project Global Consortium xxi Acknowledgments xxiii 1 Family firms across the world: succession and governance in a disruptive era 1 Nupur Pavan Bang, Georges Samara, Rodrigo Basco, Andrea Calabrò, Jeremy Cheng, Luis Díaz-Matajira and Albert E. James 2 Family business case learning: how to maximize learnings from this STEP project global casebook 10 Jeremy Cheng, Andrea Calabrò, Luis Díaz-Matajira, Nupur Pavan Bang, Rodrigo Basco, Albert E. James and Georges Samara PART I CONFLICTS, SUDDEN DEATH AND SUCCESSION 3 Aborted succession: we need both succession and retirement plans 21 Miruna Radu-Lefebvre and Ameline Bordas 4 Mending the fence before the family fell apart: succession in the Shampoo family 28 Kavil Ramachandran and Nupur Pavan Bang 5 The silence before the storm: intragenerational conflict for succession 37 Özlem Yildirim-Öktem and Irmak Erdogan 6 Lessons learned from being NextGen 47 Peter Klein and Stefan Prigge 7 Florax Group: when unintended succession leads to unfulfilled promises 55 Rosemarie Steenbeek, Judith van Helvert and Jolanda D.A. Knobel 8 Succession turnaround at the Avendorp Group: a true family tragedy 63 Daniël Agterhuis, Julian van den Akker and Judith van Helvert PART II GOVERNANCE FOR TRANSITION PLANNING 9 Valuing our values: family values driving business success 73 Eric Clinton and Stephen Browne 10 Time to hang up the boots? 82 María Jesús Hernández-Ortiz, Francisca Panadés-Zamora, Myriam Cano-Rubio and Manuel Carlos Vallejo-Martos 11 A woman at the helm: growth and succession at Inversora Lockey C.A. 90 Nunzia Auletta and Patricia Monteferrante PART III UNCONVENTIONAL WISDOM IN UNUSUAL TIMES 12 “Should I stay or should I go?”: Filipe de Botton’s dilemma 102 Alexandre Dias da Cunha and Remedios Hernández-Linares 13 Can I retire? An early successor’s dilemma 113 Dalal Alrubaishi 14 Which family prevails during divorce and succession? The Wagner Avila case 121 Luis Díaz-Matajira and Stefano Wagner 15 “Chemical reaction”: choosing a successor in a mosaic family 129 Elena Rozhdestvenskaya 16 Clease’s Auto: how a global pandemic allowed a family to maintain their family business legacy 138 Elizabeth Tetzlaff, Brittany Kraus and Albert E. James 17 The Ricci Durand family in the COVID-19 pandemic 144 Carmen Pachas Orihuela, Antonio Martínez Valdez and César Cáceres Dagnino PART IV RISING-GENERATION LEADERSHIP IN ONGOING DISRUPTIONS 18 Pineola Nurseries: family business succession under fire 153 Steve Gaklis 19 DC International: riding out of disruption as a third-generation successor 161 Marshall Jen, Jeremy Cheng, Kevin Au and Kelly Xing Chen 20 Am I ready for this? 169 Andrea “Ginny” Santiago 21 Universal Cement Corporation: doing “one thing at a time” in the crisis of multiple needs? 177 Yi-Chun Lu, You-Fong Wu and Hsi-Mei Chung 22 Conclusion: the lessons learned 184 Rodrigo Basco, Albert E. James, Nupur Pavan Bang, Andrea Calabrò, Jeremy Cheng, Luis Díaz-Matajira and Georges Samara Index
