Following the great performance from our contestants, we have attached their lyrics.
Your more than welcome to try to ADD new rhyming words that are relevant to the topic!
Family Ownership as the Optimal Organizational Structure? by Christian Andres
Being based on observations
for many countries, many nations,
most studies find that family firm
comparatively better perform.
And then the issue is a role
of ownership and firm control.
Christian Andres, clever man (dude)
Can he explain? Of course, he can (should)
Results of his investigation
give us simple explanation.
You ask me: what? Ok, relax.
Dispersed shareholder structure sucks.
Family ownership is ideal.
Can help us with any deal.
There is a strong argumentation:
no conflicts, no expropriation.
Further the results confirm
that role of family in the firm
has an interesting effect
that people shouldn’t just neglect.
To make efficiency provision,
enable family supervision.
And that brings us to the conclusion:
stop to cherish an illusion.
If family acts just as shareholder,
you have a lot of troubles to shoulder.
Inside the Family Firm: The Role of Families in Succession Decisions and Performance by Morten Bennedsen, Kasper Nielsen, Francisco Pérez-González, and Daniel Wolfenzon
Family size, gender composition,
All make a difference, on the decision,
To pick the right CEO, so when he is old,
He’s the successor, chosen to be next up,
Depending on what gender of child is born,
We can test the succession and how they perform,
Family CEO’s, make less profit,
And has a direct impact, on how they just lost it,
Families are common large shareholders,
If their publicly traded, their big like boulders,
Most private firms are linked to one family,
They love control and benefits, and apparently,
They can cook decisions, in their own kitchens,
Even if that’s not what the stakeholders are wishing!
If the first born child happens to be a boy,
There’s more chance they let him control and deploy,
But the gender effect isn’t really enormous,
Because its unlikely to affect the firm’s performance,
If the CEO chosen, is not family related,
Their service is valuable, and shouldn’t be negated,
But if the family CEO is one of their own,
Then the firm must be smaller, and not so grown,
If you got more children, Successions keep building,
Offspring are preferred to parents or siblings,
Depending on the CEO’s marital history,
We’ll find out if the child gets to take his seat.
http://www.slideshare.net/upload
Hi, guys!
I’m not sure about additional lyrics but I have found this short video on how family business succession
http://www.youtube.com/watch?v=XS_J1Ii9OWI
There is also a good citation: “There’s unfortunately a long history of the first generation making the money, the second generation looking after it and the third generation spending it”
Hey guys
I was curious to search for information’s about the performance of Greek family businesses. This is what I found:
This paper is an empirical study on Greek family firms and seeks to identify the critical success factors that have a major impact on the outcome of a generational transition in the leadership of the family firm. Based on an integrated conceptual framework proposed by Pyromalis et al. (2006), we test the impact of five factors, namely the incumbent’s propensity to step aside, the successor’s willingness to take over, the positive family relations and communication, succession planning, and the successor’s appropriateness and preparation on both the satisfaction of the stakeholders with the succession process and the effectiveness of the succession process per se. The results provide a useful insight and confirm the importance of the aforementioned factors in the succession process by mapping a safe passage through the family business succession process, and by contributing not only to the overall family business literature but also generating strong arguments in favor of the family firm as an integral entrepreneurial element for a region’s sustainable economic development.
http://www.springerlink.com/content/b280226j201j5254/
Hey guys,
Found another interesting video about succession planning.
http://www.youtube.com/watch?v=XJ2mAQnEHis
Enjoy!
its a lot less painful to youtube for information on family business
short video on a canadian news discussion how and when does the question of succession in a family business arises.
check it out:
http://www.youtube.com/watch?v=hxqxlnvBQPk&feature=PlayList&p=B35E5292A5AEFE87&playnext=1&playnext_from=PL&index=18
I agree it’s really good when you find stuff on youtube! Thanks!
But still you guys can chack this article, here you can find the preferred structure for family firm, preeferred organization structure, strategies and principles, and advices about the staff.
http://aede.osu.edu/resources/docs/pdf/D3E57989-B26F-4D12-B7054694F29BA82C.pdf
Thanks for having the lyrics up, now I understand what it was that you rappers were trying to rap across
Since you guys were talking about succession, I think it is important to note alternative effects of succession as to what you guys presented. The article by Cucculelli and Micucci explores succession specific to Italian families. It highlights that an effective succession sometimes depends on the intensity of the competition which is a logical thought not been mentioned in class yet. Another point mentioned is the importance of the timing of the succession. It also talks about other negative effects, which we have discussed.
http://www.sciencedirect.com/science?_ob=ArticleURL&_udi=B6VFK-4R8NB8C-1&_user=10&_coverDate=02%2F29%2F2008&_rdoc=1&_fmt=high&_orig=search&_sort=d&_docanchor=&view=c&_searchStrId=1240644563&_rerunOrigin=scholar.google&_acct=C000050221&_version=1&_urlVersion=0&_userid=10&md5=1473d2799fab5e04fce57ff1c06cd38c