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Six Key Issues and Challenges in Managing Dynastic Business Families

In: Managing Business Family Dynasties

Author

Listed:
  • Tom A. Rüsen

    (Witten/Herdecke University)

  • Heiko Kleve

    (Witten/Herdecke University)

  • Arist von Schlippe

    (Witten/Herdecke University)

Abstract

This chapter deals with core issues and challenges facing dynastic business families or business families 3.0: in addition to exercising the ownership function, central elements in family management include maintaining the cohesion of and meeting the expectations of family members. The explanations offered here are based on our initial, already published, ideas on the central starting points for family management in dynastic business families and represent a further development of these ideas (Rüsen et al., Die Soziologie der Unternehmerfamilie. Grundlagen, Entwicklungslinien, Perspektiven, 2019b). Based on six identified fields of action, the chapter depicts the central questions that Big Family Management has to address systematically.

Suggested Citation

  • Tom A. Rüsen & Heiko Kleve & Arist von Schlippe, 2021. "Six Key Issues and Challenges in Managing Dynastic Business Families," Management for Professionals, in: Managing Business Family Dynasties, chapter 3, pages 19-32, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-030-82619-2_3
    DOI: 10.1007/978-3-030-82619-2_3
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