Family Business College Essays Samples For Students

Introduction

Simply put, a family business is a corporate entity that has members of the same lineage managing its affairs. In this arrangement, members from outside the family outfit are not allowed to engage in any form of dealings formally or informally. Every family member has a role to play to the extent of each role is allocated. While it is not obvious that every member of the family may have a role to play, each must have a say with respect to how the business is run. This in essence means that consultations in this arrangement must be key in ensuring that a level of ...

Business Research Ethics

Business Research Article Summary
The research article on family business research describes the structure and trends of the literature on the family business. The researchers have analyzed the content of the various research papers focused on family research that were published in journal articles that were categorized as business, business finance, economics and management of social science citation index for 1961-2008 period . The bibliographic methods were used to describe the evolution of the publication activities, most prominent authors, research methodologies, and content of themes for research . The analysis provided an avenue for future research in the field of ...

Management Issues for Global Family Business

Business definition
Loupacle is a company located in Luanda in Angola and operates in several sections. The company is divided into several departments with each department making different sale such as construction materials, IT, food sector department that has several restaurants. Loupacle Company is a private company with the owners being from one family that makes it a family business. In addition to participating in the relevant industry, Loupacle Company also offers health care services and job training to its employees.

A family business is owned and in most cases managed by members of a single family. The employees of the company ...

Abstract

Family businesses are managed in a centralised system and process. Corporate governance on the other hand refers to an impersonal system of managing and directing firms through a series of rules that promotes transparency and systems. This paper examines the two concepts and synthesizes them in relation to how they relate to each other.
The paper identifies that family businesses are not bad. Rather, they promote efficient and effective internal controls that lead to very good performance profiles. However, the study identifies that in cases where the firm expands and grows significantly locally and globalises, there is the need for ...

Family firms are the most universal type of business on the planet. In the United States, 33% of the organizations in the S&P 500 are owned and controlled by the establishing family, and family firms represent 80-90% of the organizations in the private sector. There can be most likely families that assume a critical part in the landscape of advanced business. On the other hand, since numerous individuals have suppositions about how families work, they frequently have presumptions about how family organizations fill in also (Adams, Taschian, & Shore, 1996).One focal presumption rotates around the idea of development - ...

Abstract

The purpose of this assignment is to build a basic understanding of family businesses. Family businesses are those which are owned and operated by family members which are related to each other by blood or marriage. In family businesses, most of the employees come from within the family and the decision making power lies at the hand of the elders and influential of the family. Family owned businesses still follow traditional approaches to profit making however; non family businesses are more open to new and innovative business ideas. SWOT analysis has been presented on general family businesses. The SWOT ...

Executive Summary

Family businesses have been making vital contributions to the British economy and the forecast indicates even more in the coming years. A typical family business in UK, Associated British Foods plc, has been performing consistently well for over 100 years. The company has built up portfolios in Sugar, Agriculture, Retail, Grocery and Ingredients segments and owns many of the most famous food brands. Starting with bakery products, the company has diversified into the other segments mostly by prudent acquisitions. The models generally used for analysing family businesses, namely the three circle model, the 12S model and the business canvas ...

Many family owned businesses are bound to lose creativity and innovation with every subsequent generation. According to the article, upholding the competence and creativity required to keep a family business alive takes a lot of will and commitment (Jaskiewicz and Combs). In many cases, family businesses that survive competition and manage to keep the fire burning in many subsequent generations are usually endowed with ownership and management that is characteristically hungry for success. The authors go ahead to say that management carries out its responsibility with passion and usually obsesses over the quality of products produced (Rothwell, 83). This ...

Assignment

The United Nations (UN) is an organization that prides itself on the discussion of important topics related to world peace, security, development and others but accomplishes, essentially, nothing. The history of the United Nations as well as the actions of its Secretaries proves its ineffectiveness, and demonstrates that the organization occasionally engages in biased decision-making. This, in return, has made the general public lose their trust in the US.
In consideration, I would demand the United Nations Secretary General, currently Ban Ki-moon, to guide the UN in the regaining of peoples’ trust, which I am aware requires time, significant ...

Since the dawn of our human civilization, people have been trying to find the most effective way of building their behavior. Historically, the patterns of people’s activity have been directly connected to the society itself. Therefore, the social and political utility of the human operations is one of the determining factors. As a result, the behavior of the community, formed by the patterns of personalities, has become an extremely complex system of reasons and consequence.
Hannah Arendt addresses the topic of the human being’s behavior in the context of the political history. The Human Condition is her ...

It's a Wonderful Life

The main theme of the story is the interconnectedness of people. George Bailey, the main character of the movie, though poor, makes a lasting impression to the people of Bedford Falls
2. What was the primary “leaders” name? George Bailey
3. Is there a dominant Leadership Theory in the movie?
Dominant leadership is much present in the movie. For instance, George Bailey, as the main leader, delegates the responsibility of the family business to his uncle, who later lands him into trouble of misplacing $8000 (Willian 9).
4. What were the strengths of the primary “leader”?
The main ...

Summary

The story revolves around the members of Monroe’s family i.e. Mac Four, Mike Monroe, Bea, Little Bit and P. Dee Chambers. Dee is a family business consultant with a great experience. Once she helped Mac by reporting about a president. It was a Sunday night. Mac called Dee to ask for some help regarding Carolina Construction Supply which was running short for wages. He wanted Dee to help him. They decided to meet (Miller).
Mac started by telling about the Georgia Building Supplies. It was started by Mac and his business partner Morrie. Mac was the salesman, and ...

1. List 5 examples of formal organizations in our society. Provide 3 examples of informal groups?

Examples of informal groups are family, study group, neighborhood (neighbors), church community.

2. Which tasks are best accomplished through formal organizations and which are best achieved through informal groups?

Through formal organizations best accomplished tasks are explicit goal setting and designing and these goals achivement.

Through informal groups best accomplished tasks are enjoying each other’s company (members of the group) and sharing life experience.
3. Are there clear differences between formal organizations and informal collectivities in the level of emotional comfort and fulfillment members experience?
Yes, there are clear differences between formal organizations and informal collectivities in the level of emotional comfort and fulfillment members experience.
Individuals have particular titles ...

Advantages of Family Businesses

The first advantage of a family business is commitment. When the needs of the family are at stake, then a family member is going to have a better sense of commitment to the business. This type of commitment is not possible in the businesses that are not run by families. The second advantage is flexibility. This means that family members are going to be more willing to do things that other people might not be so willing to do. Therefore, they are going to help the best way that they can to make the business successful. The third advantage ...

Business management is a very important skill which should always be taken seriously. Many businesses have failed because of poor management. However, many investments have succeeded as a result of the management approaches put in place in steering them. While it is a good idea for a family to invest, it has become challenging for many people to properly manage their businesses. In most cases, rivalries arise especially when the family members fail to agree on how to manage their businesses. At times, each individual, despite being a stakeholder, might only want to serve individual interest. This has posed a very great challenge to such ...

LE WAN

MGMT-461
Leadership; Theory and Practice- Summer 2013
(INSTRUCTOR’S NAME)

Introduction.

My name is Le Wan, and I come from southern China. I came to US for my college qualifications and plan to go back to China after I finish college. I believe that China is one of the largest and plays a crucial part as one of the world’s financial centers. This is why I plan to go back there, and focus my work on my family’s company, which is currently losing its international competitiveness despite having contributed a lot to China past economic miracle. I hope ...

Volkswagen vs Ford

Introduction
Volkswagen and Ford are both family businesses working in the global automotive industry. In 2015 worldwide 73.9 million of passenger cars were sold in the global automobile markets along with the 86.56 cars produced. The biggest automotive markets can be found in China and in the United States. The biggest automotive suppliers in the industry are from Asia and Europe and include Bosch with steering systems, Continental in the area of tire manufacturing, Denso and Magna. The size of automotive supplier market worldwide is estimated at €620bn (The Statistics Portal, 2016). Those suppliers are currently faced with the ...

Psychology

Introduction
There are several pizzerias in the United States that claims to serve the best and the most authentic Neapolitan pizzas in the country. Amidst the competition for the title of the best pizza in the country, or in this case, in town Tutta Bella sets itself apart from the rest of the competition for being true to the roots of the Neapolitan pizza according to its owner Joe Fugere. Before opening his first Pizzeria in his hometown in Naples Italy, Joe received certification as a Pizzalolo and remained in Naples to refine his skills and continue with the ...

Introduction

The fact that decision making in a family owned organization is greatly influenced by family members who can be linked to the company either by ownership or leadership makes the affairs of the organization quite complex. Family businesses have had quite a negative perception- squabble over inheritance, small or midsized and unprofessionalism. Well, this is a reality in some organization but not in any way a general description of family run businesses. Relationship between the family and organization comes with both good and bad. The world cannot ignore nor fail to appreciate the contribution to the economy. 30% of all companies have multigenerational ...

Sun Devil Story

Hailing from a Kuwait, I am the youngest child of a large family with five siblings. Being in a family which has been doing business for quite some time now, I have always wanted to pursue Business Administration to be suitably qualified to get into our family business. My desire to pursue my Business study is because of my observation of my family business, which has taught me that doing the same business for a long period of time leads to following certain repeated techniques thereby resulting in stagnation. I am sure that doing my business course would help ...

External environment (PESTEL analysis)

The political situation in Canada is stable, and not concerned with any significant risks for business. Open markets and regulatory efficiencies are major notable successes of Canada (Index of Economic Freedom, 2016). The development of ‘consumer culture’ is an important socio-cultural advantage for running any kind of business in Canada. Given the low density of population in New Brunswick, the company can use technologies to trade Canada- and region-wide. Environmental regulations do not exert significant impact on a company’s activities. Possible changes in legislation (e.g., company laws, taxation) may lead to the adaptation-related needs and require additional investments.

Internal environment (shared values, systems, structure, staff, skills, style)

...

Introduction

Dhamani Jewels, a Dubai-based wholesaler of gemstones and retailer of fine jewelry, wants to globalize its luxury jewelry brand Dhamani 1969. Dhamani 1969 is aimed to compete with established fine jewelry lines like Graff, Cartier, DeBeers and Bulgari. Established in 2014, the brand is envisioned as the flagship for the company which has been in operation since 1969. However, the brand is entering a highly competitive luxury jewelry market. Also luxury jewelry brands sell as much on their craftsmanship as on their emotional connection to the buyer. Brand value is paramount and the challenge for the Dhamani 1969 brand ...

Family business is often the most successful in many aspects of growth and development. In fact, it is no secret that most of the global economy are controlled by family businesses. However, just like in any firm or organization there are challenges faced by this business which is often unique to the firms because they are family. The main problem in such business firms is the role of family members in succession for various positions. Without a clear succession policy, most of the firms end up experiencing hefty losses due to time lost in mismanagement or as a result ...

Introduction

The Foucauldian theory of Discourse has been an influential tool used by many organizations in shaping and enhancing the understanding on power. The theory has assisted many organizations to deviate from assessments of power from different actors who perceive the same as a coercion instrument. The Foucauldian theory of discourse additionally drives people away from the discreet operational structures of the actors and tries to make them understand that power is equally distributed, embodied and diffused in discourse, regimes of truth and knowledge. According to Michel Foucault, power operates on other levels and makes up who we are. Foucault's ...

The Cummer Museum of Art & Gardens is the reward of the civic, social, and business activities of the Cummer family. The Cummers came from a long line of lumber dealers. They started in Canada before expanding their business to Michigan, Virginia, and Florida.
Wellington Willson Cummer (1846-1909) went on to found the Cummer Lumber Company in 1896. After the death of Wellington, Arthur Cummer and Waldo Cummer, along with his son-in-law, John L. Roe, all of them had ranks in the family business inherited the company.
Nina May Holden (1875-1958) a young lady from Michigan City, Indiana married Arthur ...

Literature and any work of art are defined as a mirror that reflects the society that we live in.There are many ideas and themes which are covered in literature work as they address the social issues. Many of the themes are developed based on how issues develop within the society; many authors relate their work to the basic issues that many readers can relate with and also covering a particular period. In the novel “Bone “Leon is struggling in his family business which he is being assisted by his three daughter and wife. His daughters are finding it challenging to fit ...

I have chosen to write an essay on the film The Godfather. It is a film that was released in the year 1972 and is about the Corleone family and the mafia war and gangster dealings involving the Corleones and some other families. It is a film that continues to receive commendation long after it was released. I choose to write on it because it is very interesting. Aside from that, the film has a very engaging and captivating plot as well as a few life lessons that one can pick and use in real life situations. It is also very entertaining as ...

Having witnessed the deplorable condition my father’s business was, I volunteered to help in the strategic planning so as to reinstate the business back to where it was. The stunt growth of the firm depicted that something was going wrong in the operations and having been a business student, I believed I had the knowledge and was ready to apply them where needed. Some of the strategic planning entailed; conducting a research in other financial service firms to establish the findings and then come up with the conclusion of what needed to be done. Other plans could be reduction of ...

Last December Holidays, I paid a visit to San Francisco Museum of Modern Art (SFMOMA). From their collection, in their Painting + Sculpture section, I liked the artwork done by Louise Bourgeois.

Artist: Louise Bourgeois

Nationality: French- American
Life dates: 25th December 1911 – 31 May 2010
Media: bronze, stainless steel and marble.
Describe the work of art physically.
Maman is a nine meters high spider sculpture. Its composition is steel, marble and bronze. The sculpture embodies both strength and fragility. It hovers on its legs that act as a protective asset and a cage to a sac of eggs.

The formal elements of the sculpture are its grayish color and magnificent size.

What was the intention of ...

There are many differences between family-owned businesses and franchise businesses. Family businesses are often businesses that are owned and operated by a single or group of families, or by a few individuals from the same family group (Sullivan). Family businesses are most often opened in hopes of filling a certain niche within a market, and are controlled exclusively by the individuals within the family, or individuals that the family allow to participate in the business. Jus
t because a business is family-owned does not mean that the business cannot be publically-traded or very large; however, when referring to the concept of a “family business,” ...

Abstract

Honor killing is an act of killing a member of the family, mostly women and girls with a core purpose of protecting and upholding the Islamic family reputation. This act is performed by an immediate male member of the family when their female family members have allegedly been involved in any disrespectful manner that is likely to ruin the family name. Some of the most case sensitive actions that result to killing a female member of the family include failure to adhere to the planned marriage, filing for a divorce or disrespecting a husband and involving themselves in extramarital activities before, during or after ...

The basic unit in the society has undergone many transformations over the decades to be what we can see today. The societal way of doing things continually portrays these changes, which today have gained acceptance as the basic rules for the basic unit. The entertainment sector has become one of the leading channels for reflecting and communicating these changes. For this reason, in order to understand the family setup of the old days, a trip down the memory lane is important and in this case, the article pays attention to earlier TV shows and compares them with current shows to ...