Dynastic Management
Dynastic Management

Author: Francesco Caselli

Publisher:

Published: 2003

Total Pages: 50

ISBN-13:

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Dynastic management is the inter-generational transmission of control over assets that is typical of family-owned firms. It is pervasive around the World, but especially in developing countries. We argue that dynastic management is a potential source of inefficiency: if the heir to the family firm has no talent for managerial decision making, meritocracy fails. We present a simple model that studies the macreconomic causes and consequences of this phenomenon. In our model, the incidence of dynastic management depends on the severity of asset-market imperfections, on the economy's saving rate, and on the degree of inheritability of talent across generations. We therefore introduce novel channels through which financial-market failures and saving rates affect aggregate total factor productivity. Numerical simulations suggest that dynastic management may be a substantial contributor to observed cross-country differences in productivity.

Managing Business Family Dynasties
Managing Business Family Dynasties

Author: Tom A. Rüsen

Publisher: Springer Nature

Published: 2021-10-15

Total Pages: 139

ISBN-13: 3030826198

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This book deals with dynastic business families. Such families are characterized by a circle of owners comprising more than 50 family members, which typically face specific issues and challenges for which there has been little research knowledge and practical approaches until now. The book presents results and findings from a special research project on “big family management” where 7 representatives of dynastic families from Germany were studied over a 3-year period. The result was the identification of six topic areas that management in these business families has to deal with. At the same time, the study observes that dynastic business families hardly follow the logic of classic families anymore, but can rather be understood as networks with common family backgrounds. The study also reveals that a large number of business families are heading for large shareholder groups due to changed inheritance practices. The contents outlined here provide an orientation framework for the growing business family.

Dynastic Planning
Dynastic Planning

Author: Walid S. Chiniara

Publisher: Business Expert Press

Published: 2020-05-06

Total Pages: 181

ISBN-13: 1949991830

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This book is designed to be a guide to demystify the journey leading to preserving family legacy. It is based on the fact that a family business is a partnership among its members, and that the most successful family business succession plan is the one devised by the family itself. In this book, the author shares his unique experience working with hundreds of business families and next-generation family business entrepreneurs from across the world. His 7-Step MethodologyTM offers an innovative and a systemic approach to family business succession planning and related conflict management. It focuses on the importance of maintaining an open dialogue among family members, and it paves the way to a structured conversation among those interested in achieving an orderly transfer of wealth from one generation to another. The author further discusses the elements that traditionally cause tensions among partners who happen to be family members, and offers solutions that have been tried and tested over two decades and that are based on real-life examples and success stories. This text is designed for families in business who wish to start a succession planning conversation and to family business advisors invited to facilitate such a conversation.

Two-sided Nepotism and Life Expectancy
Two-sided Nepotism and Life Expectancy

Author: Yanren Zhang

Publisher:

Published: 2019

Total Pages: 61

ISBN-13:

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Over the last two centuries, impressive progress in health has led to great increases in life expectancy at all ages. The impact of the "health transition" on the governance pattern of family firms has never been formally investigated. To probe how firm governance adapts to rising human life expectancy, I present an overlapping generation model, in which a firm is sequentially owned by the heirs of founding family according to birth order. The family owner chooses between designating the heirs as family managers and recruiting some unrelated professionals, and each heir chooses between working for the family owner and working for an unrelated employer. It turns out, as people live longer, the family owner and the heirs are less likely to match together, which results in the decline (rise) of dynastic (professional) management.

"Patient Capital" and Dynastic Management

Author: Guanchun Liu

Publisher:

Published: 2023

Total Pages: 0

ISBN-13:

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This paper explores the role that a change in a family firm's time horizon might play in professionalizing its kinship-based top management team. We introduce a model of management transfer in family firms, in which firm owners decide between hiring their children or non-family professionals, and the children decide between working for their parents or non-family employers. Dynastic management arises when the parents and children match together. Our model predicts that when family members behave more myopically, they are more likely to vacate top management positions in family firms. To test this hypothesis, we use a balanced panel including China's A-share publicly listed family firms for 2009-2015, and conduct a quasi-natural experiment based on the consequence of stepped-up state intervention in economy since Chinese President Xi Jinping came to power in 2012. The results are consistent with our theoretical prediction.

Royal Courts in Dynastic States and Empires
Royal Courts in Dynastic States and Empires

Author: Jeroen Duindam

Publisher: BRILL

Published: 2011-08-11

Total Pages: 461

ISBN-13: 9004206221

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This volume presents new research on royal courts from antiquity to the modern world, from Asia to Europe. It addresses the interactions of rulers and and elites at court, as well as the multiple connections between court, capital, and realm.

Management Footsteps and Foundations
Management Footsteps and Foundations

Author: Ian Waitt

Publisher: Cambridge Scholars Publishing

Published: 2023-04-25

Total Pages: 573

ISBN-13: 152759288X

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This important work will serve to change irrevocably the course, nature and future of management education. For the first time, the foundations of management are brought to life through historical analysis. Never attempted or achieved before, the book takes the reader on a journey through almost the whole of human history, viewed from a management perspective. The study of management will be utterly transformed by this daringly innovative new paradigm for the understanding of the types of human management, the different approaches, practices and systems, and their development over time. The book also provides a summation of the author’s accumulation of over two decades of experience and knowledge in management education, and three decades of applied action in the world of business.

Rethinking the Decline of China's Qing Dynasty
Rethinking the Decline of China's Qing Dynasty

Author: Daniel McMahon

Publisher: Routledge

Published: 2014-08-21

Total Pages: 224

ISBN-13: 1317650433

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The many instances of regional insurgency and unrest that erupted on China’s borderlands at the turn of the nineteenth century are often regarded by scholars as evidence of government disability and the incipient decline of the imperial Qing dynasty. This book, based on extensive original research, argues that, on the contrary, the response of the imperial government went well beyond pacification and reconstruction, and demonstrates that the imperial political culture was dynamic, innovative and capable of confronting contemporary challenges. The author highlights in particular the Jiaqing Reforms of 1799, which enabled national reformist ideology, activist-oriented administrative education, the development of specialised frontier officials, comprehensive borderland rehabilitation, and the sharing of borderland administration best practice between different regions. Overall, the book shows that the Qing regime had sustained vigour, albeit in difficult and changing circumstances.

The Habsburgs
The Habsburgs

Author: Benjamin Curtis

Publisher: A&C Black

Published: 2013-07-18

Total Pages: 313

ISBN-13: 1441145494

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The Habsburgs rank among the most celebrated ruling dynasties in history. At one point, their territories stretched not only across Europe but across the globe, into Asia, Africa and the Americas. By virtue of their long pre-eminence, the family made an indelible mark on European affairs, shaping the course of international politics and diplomacy, and knitting together the diverse peoples of Central Europe. The story of the Habsburgs is theatrical and compelling, but it is also vital for understanding how kings ruled, nations rose, and societies changed as modern Europe came into being. In this book, Benjamin Curtis explores both the Spanish and Austrian branches of the dynasty, providing a concise, comprehensive picture of the dynasty's development. This study clearly demonstrates why the Habsburgs are considered the most consistently accomplished practitioners of European dynasticism.

The frailty of authority
The frailty of authority

Author: Myron Joel Aronoff

Publisher: Transaction Publishers

Published:

Total Pages: 242

ISBN-13: 9781412836890

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The Frailty of Authority explores the social, economic, cultural, and historical forces that shape and constrain the common worldviews that give ideological legitimacy to collectivities ranging from dynastic American families to Communist party cadres in China. The Frailty of Authority is the fifth consecutive volume in the series, Political Anthropology. It offers original analyses in a pioneering, multidisciplinary field concerned with understanding political man. Articles cover a wide range of theoretical, conceptual, and methodological approaches in exploring the complex inter-relationships among socioeconomic, cultural, and political phenomena.