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Definition and heterogeneity (set1) - Coggle Diagram
Definition and heterogeneity (set1)
FB accounts for 70-90% of all businesess (94% in Italy)
1 firm over 4 make it to the 2nd generation
70% of GDP
Is a business where the ownership is controlled by a family
ROLE IN FB
Employees
: involved in the business but neither member nor owning shares
Family employees
(not owning shares) but involved in the business
Owners
: non family shareholders (not family members not involved in the business)
Owner employees
(non family members) but owner of shares
Family members
(not involved in the business nor owning shares)
Family Owners
: shareholders member of the family
Zone 7: shareholder family member
FPEC POWER SUBSCALE
to distinguish between family and non family business
Family genograms
to understand the relationships
organizational structure
Family ownership (most of the time ownership and management overlap) and this one of the reason od the high value of a FB
Firms with market based ownership
Heterogeneity
(within the family population)
Ability and willlingness is a dimension
Firm control (duration of control)
Continuity command community are indicatrors of family influence
Socio emotional dimension
6 myths
Do not grow (false)
Are nice
Capitalists without capital (Berlusconi, Barilla)
Are ugly
They are small (Walmart)
Are all the same
6 Components of transition
Disengagement
(abandonment of old structure)
Exploration of alternatives
(testing learnings and revising)
Trigger
(begin of the transition)
Choice
Continuous accumulation of developmental pressures
(change)
Commitment
(formal declaration of operate differently)