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From the local dry cleaner to the nation's largest to breweries, family businesses make up 90 percent of the fifteen million businesses in the United States. Yet only one-third make it to the second generation, and 10 percent to the third, because owners -- tempted by lucrative offers -- cash in to ...

From the local dry cleaner to the nation's largest to breweries, family businesses make up 90 percent of the fifteen million businesses in the United States. Yet only one-third make it to the second generation, and 10 percent to the third, because owners -- tempted by lucrative offers -- cash in to ensure the financial security of their children. In Sustaining the Family Business, Marshall Paisner celebrates the unique qualities of the family business, and offers a comprehensive resource for successfully managing the enterprise across generations. Drawing from his own extensive experience, new primary research, and examples of family businesses in a wide range of industries, Paisner offers practical recommendations for handling conflict, establishing professional management structures, setting long-term goals, developing tax and estate strategies, and preparing heirs to take the reins.

What explains the growth of a business, and more broadly the development or decline of a whole economy? What role do particular entrepreneursor indeed a culture of entrepreneurship play? Does the evidence suggest that a particular structure or organizational form was or should be adopted to ensure ...

What explains the growth of a business, and more broadly the development or decline of a whole economy? What role do particular entrepreneursor indeed a culture of entrepreneurship play? Does the evidence suggest that a particular structure or organizational form was or should be adopted to ensure best practice and commercial success? These fundamental questions have long pre-occupied business and economic historians. With the current expansion of business and management education and training, the investigations and findings of the historian may have wider significance and relevance. This volume has been stimulated by the work of Peter Mathiasone of the leading figures in this field in the post-war period. Here a number of his former studentsmany now internationally distinguished historianspay tribute in a book that explores the move from family firms to corporate capitalism. In a series of chapters they explore at the level of the firm the myriad of micro decisions that ultimately help to explain the overall performance of industries, sectors, and national economies as they evolve through time. The contributors argue that sustained growth has never been a matter of a few spectacular technical breakthroughs. Instead it rest on subtle economic and social transformations - in cultures, in economic organizations, and in the roles of science and technology.