The Intersection of Ownership and Leadership in Texas Ranch House: Lessons in Leadership for the Family Business
The Intersection of Ownership and Leadership in Texas Ranch House: Lessons in Leadership for the Family Business

Author: Tony W. Brown

Publisher:

Published: 2015

Total Pages:

ISBN-13:

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A family business often behaves and operates differently than a nonfamily-owned business. Family matters and dynamics can influence organizational health and business sustainability. Accordingly, leadership in a family business can embody challenges that are both different and magnified in comparison to leadership in other businesses. There is a particular requirement of owners of family businesses to structure the interface of family and business in a manner that assures a successful business while accommodating the interests of the family. This case study identifies lessons in leadership. The report embraces an overarching question regarding the roles and functions of an executive-level organizational leader and narrows the analysis to a focus on the application of the leadership lessons learned to the roles and functions of the owner-leader and his spouse in a start-up, family-owned business enterprise. The examined case is the short-lived Cooke Ranch, documented in the television miniseries Texas Ranch House. A family-owned business needs specific contributions from its ownership in order to thrive and endure. Prominent among these contributions are clarity and intention regarding leadership. A family business embodies overlapping and interdependent parts, each of which has specific leadership needs. The added complexity of family dynamics causes a successful family business to operate, adopt strategies, and make decisions differently than does a nonfamily business. This examination of Cooke Ranch reveals that perspectives, emphases, and behaviors of family business owners may or may not always translate as effective leadership. Owners who are preoccupied with the family and being owners instead of genuinely leading their family business organization can easily forfeit the whole enterprise. The identification of a distinguishable group of elements at the core of ownership's interface with leadership's exacting responsibilities in the television documentary Texas Ranch House adds to current research and literature regarding leadership in a family business. Three subsystems - ownership, family, and business/management - comprise an overall family business system that thrives when ownership is mindfully acting in ways that cultivate organizational health and unity. The case study reveals that ownership intersects leadership's values, purpose/vision of continuity across generations, ethics/trust, decisions, and aligned results at the point it overlaps both the family and business subsystems in an interdependent organization. The report concludes that a thriving family-owned business is unique in composition, strength, and competence and that such a business demands that its leaders and their subordinates practice an advanced degree of organizational citizenship. The electronic version of this dissertation is accessible from http://hdl.handle.net/1969.1/152440

Effective Leadership in the Family Business
Effective Leadership in the Family Business

Author: C. Aronoff

Publisher: Springer

Published: 2017-07-03

Total Pages: 98

ISBN-13: 1137514949

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Identifying and developing leaders in a family business can be more difficult than traditional business. Here Aronoff and Baskin discuss the different styles of leadership and what style might work with what family member including the Directing Leader, the Coaching Leader, the Counseling Leader and the Delegating Leader.

Own It!
Own It!

Author: Wendy Sage-Hayward

Publisher: Springer Nature

Published: 2022-11-15

Total Pages: 300

ISBN-13: 3030204197

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Very few enterprising families focus on building an owner’s mindset in family members. They are busy working and growing their enterprises (rightly so), which prioritizes and values the management role over the ownership role. Many rising generation family members do not choose the path of ownership but are simply born into it. Given these typical patterns, it is not surprising that there is little focus on valuing and building an educated owner to steward the family’s assets for future generations. This book serves as a resource and support tool to help enterprising families learn and develop thoughtful, capable ownership by investing in and nurturing an owner's mindset. This includes building “ownership literacy,” along with a genuine sense of stewardship. It offers a learning structure and approach for each stage of an owner’s development across the lifespan (from earliest years to retirement), taking into consideration the lifecycle stages of the family. The authors make clear that ownership development shouldn’t be confined to earlier ages; any owner at any age can gain ownership-related perspective and skills that can contribute to greater family harmony and business success. The book provides enterprising families and their advisors with examples and practical advice for the promotion of knowledge, skills, and capabilities that incorporate a broad range of topics spanning from personal and interpersonal, to leadership and wealth, to business, ownership, and financial.

Family Capitalism
Family Capitalism

Author: Gry Osnes

Publisher: Routledge

Published: 2016-11-03

Total Pages: 345

ISBN-13: 1315444186

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In most countries family businesses make up between 50 - 95% of business entities. Families control 30% of the Fortune 500 companies. These owners and their businesses are often an important part of the social fabric in local communities, and increasingly the international economy. Despite this, Family Capitalism, or ownership, has been seen as synonymous with stagnation, conflict and crises. The authors focus on how family owners avoids these pitfalls, and how emotional resources develop strategizing capacities. The book explores how successful family businesses innovate and create Visionary Ownership, and implement it. Two crucial leadership capacities are introduced; Leadership of Paradox and Distributed Leadership. A renewed understanding of family businesses show how the family can generate unique strategic advantages in stewardship, succession, long-term thinking, risk management and building social capital. It shows a different perspective regarding value creation in the economy. The book provides new insights for family owners, advisors, leaders as well as scholars. The findings are from a best-practice research project with cases from China, USA, Germany, Colombia, Israel, Tanzania, France and Sweden. Applying strategy-as-practice theory shows how family owners, across different cultures and sectors, use generic ownership strategies and experiment, such as with cluster ownership and creating new ventures in succession.

Family Business Ownership
Family Business Ownership

Author: C. Aronoff

Publisher: Springer

Published: 2016-05-24

Total Pages: 97

ISBN-13: 0230116027

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Ownership in a family business can be a rewarding and important role. It means stewardship, protection and nurturing the family business. As a guide for shareholders, this book will develop understanding and insight into the role of becoming more valuable as an owner, not just financially, but intellectually and emotionally as well.

Family Legacy and Leadership
Family Legacy and Leadership

Author: Mark Daniell

Publisher: John Wiley and Sons

Published: 2010-11-02

Total Pages: 336

ISBN-13: 0470827084

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Hamilton and Daniell have creatively taught us how to weave together the threads of lineage that create family legacy. They have also clarified the vision of what family leaders look like who are the master weavers of such threads. This all leads toward teaching us how to create and guide our families, and those we serve, to seven and more generations of successful, generative and flourishing lives as individuals and as family. We owe their work a deep debt of gratitude and a bow of appreciation. James (Jay) E. Hughes, Jr. Author, Family: The Compact Among Generations Mark Daniell and Sara Hamilton have written a book that will become a real reference for families wishing to establish a long-term strategy for building an enduring legacy for generations. It contains a wealth of ideas, strategy prescriptions, case histories, and anecdotes that will give the family leader and members of the “tribe” a true guide to building a system that will endure the test of time. I recommend it to families in Asia and beyond. Dr. Victor K. Fung Chairman, Li & Fung Group This is a superb book––unique and full of examples––on the vision of legacy and the role of family leadership. It is also a comprehensive guide to risk management with a special spirit for wise risk-taking. Daniell and Hamilton draw on the unique experience of the Family Office Exchange and its many hundreds of members and scores of studies to define the role of family leadership more fully and inspiringly than ever. This book makes the challenges vivid and the path clear for successful families to preserve both their wealth and their purpose. John L. Ward Principal, The Family Business Consulting Group Family Legacy and Leadership is an innovative, useful blend of theory and practice; and of the hard and soft issues that families face. It offers ideas, insights, and tools that will help families of all types find their path through change. Melissa A. Berman President & CEO, Rockefeller Philanthropy Advisors

Leading a Family Business
Leading a Family Business

Author: Justin B. Craig Ph.D.

Publisher: Bloomsbury Publishing USA

Published: 2017-07-20

Total Pages: 158

ISBN-13:

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Based on insights from executives across the globe, this planning guide captures the unique challenges faced by leaders of a family business and presents an approach to help these operations survive and thrive across generations. Leading a company is a much different experience for those in a family-run business than for their contemporaries in nonfamilial environments. This book provides a comprehensive overview of the skill set and mindset required to lead family enterprises, and it introduces the four critical areas in which family businesses differ from traditional companies—management structures, governance mechanisms, entrepreneurial advantages, and stewardship practices. In a fascinating convergence of entrepreneurship, family relations, and corporate principles, the authors present two frameworks to better understand the best practices of leading a family business: a firm-level frame focused on these four critical areas of difference (architecture, governance, entrepreneurship, and stewardship) and an individual one that mirrors these in terms of the skill set and mindset successful leaders need to develop. Craig and Moores consider the differences between leadership in family enterprises and non-family enterprises; the entrepreneurial capabilities needed by executives in family-based firms; and the use of power, identification, and motivation in managing their responsibilities both at home and in the workplace. Case studies provide a real-life look at the inner workings of family operations across the globe.

Resetting the Leadership Misalignment
Resetting the Leadership Misalignment

Author: Dr Deon Lewis

Publisher: Xulon Press

Published: 2017-06-15

Total Pages: 270

ISBN-13: 9781545602768

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Part 1 The Human Family [current state, restored and integrated to organizational (business / governmental) leadership]. This book has been written for a time as this! There is an all-time high decay and attack on the family and society together with the unprecedented collapse of organisations and governments that have never been as deficient, absent or voided by leadership as today. The comprehensive and multi-dimensional approach of this book addresses this leadership issues in a holistic and transparent manner with a biblical foundation with the call for true transformation and a paradigm shift in the family and organizations leadership. Dr. Maxwell indicates so clearly that "Everything rises and falls on leadership." This is a call for the renewal, restoration and development of leadership by exploring the linkage and lessons that can be learned between organizational leadership and the family as primary incubator of leadership with biblical application and foundation. Anyone can benefit, learn and relate to this book as all can relate to family and will make applying organizational leadership uncomplicated. Restoration of leadership from a fallen state to God's original intention is possible, as it has already been achieved in Christ Jesus. Part 2 (The nine areas of organizational leadership integrated to the restored nuclear family) is the follow-up book explored under nine areas of organizational leadership with biblical application and foundation. ENDORSEMENTS Two professors at Regent University reviewed this manuscript are: Dr. Kathleen Patterson, Ph.D and Dr. CornE J. Bekker, D. Litt. et Phil, who commented as follows, "Thank you for the privilege of reviewing this excellent final project... I enjoyed the nuanced exegetical study and applied leadership principles." AUTHOR BIO Dr. Lewis has about three decades' experience in finance, commerce, corporate, government and other environments as businessman and held senior positions in companies in different industries. He is the owner of DICI(TM) Leadership Institute (nominated in 2005/6 and 2006/7 as one of South Africa's Top Black Emerging Empowerment Companies). His qualifications are equivalent to a Bachelor and Master of Science Business Administration as well as a Master of Science in Business Administration in South African and International Taxation (Global Credential Evaluators, Inc.). He obtained a Doctor of Strategic Leadership degree at Regent University, USA. He has been involved in ministry for over 30 years and extensively involved in communities and is an Ordained Minister of the gospel. He is married to Liola and has two children, Deon and Josh.