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The Primacy of Financial Objectives How Family Businesses Make a Difference 3 - Livres de poche

2012, ISBN: 9783899368697

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2009, ISBN: 9783899368697

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Kemp, Stefan:
The Primacy of Financial Objectives: How Family Businesses make a Difference - Livres de poche

2009

ISBN: 9783899368697

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The Primacy of Financial Objectives (Family Business) - Livres de poche

2009, ISBN: 9783899368697

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Stefan Kemp:
The Primacy of Financial Objectives: How Family Businesses make a Difference: 3 - Livres de poche

2009, ISBN: 389936869X

[EAN: 9783899368697], Neubuch, [PU: - -], Books

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The Primacy of Financial Objectives
Auteur:
Titre:
ISBN:

389936869X


The pursuit of financial profit has always been, and will continue to be, the core concern for private sector organisations. There has been an unquestioning acceptance that the maximisation of financial return is the primary driver for all private sector firms regardless of the nature of these firms. This book challenges the simplicity of that assumption.Using empirical research undertaken in a variety of private sector organisations in Germany this book demonstrates that there are differences which reflect the nature of the firm in question. The research compares family and non-family firms and finds significant variations in organisational objectives. The priorities, structure and financial drivers of family firms differ markedly from those of non family firms and, unsurprisingly, strongly reflect the family influence. Yet, the dominant paradigm in current management thinking is centred on public limited companies (PLC) managed by professionals and overseen by a Board of Directors representing the interests of a large number of shareholders. Even here the evidence is that the achievement of maximum return on invested capital is not necessarily the first and only priority.In western economies family firms have significant macroeconomic importance. Taking a differentiated view on private sector organisations matters to practitioners and politicians who must ensure their decisions are being made on the right premises. Researchers may feel invited to interdisciplinary research initiatives that integrate findings from family business research and other academic fields.

Informations détaillées sur le livre - The Primacy of Financial Objectives


EAN (ISBN-13): 9783899368697
ISBN (ISBN-10): 389936869X
Version reliée
Livre de poche
Date de parution: 2009
Editeur: Josef Eul Verlag GmbH
232 Pages
Poids: 0,337 kg
Langue: eng/Englisch

Livre dans la base de données depuis 2010-04-23T14:21:05+02:00 (Zurich)
Page de détail modifiée en dernier sur 2023-07-03T12:48:18+02:00 (Zurich)
ISBN/EAN: 389936869X

ISBN - Autres types d'écriture:
3-89936-869-X, 978-3-89936-869-7
Autres types d'écriture et termes associés:
Auteur du livre: kemp stefan
Titre du livre: objective, make

Données de l'éditeur

Auteur: Stefan Kemp
Titre: Familiy Business; The Primacy of Financial Objectives; The Primacy of Financial Objectives - Evidence from German Family PLCs - How Family Businesses make a Difference
Editeur: Josef Eul Verlag
214 Pages
Date de parution: 2009-12-04
Poids: 0,335 kg
Langue: Anglais
56,00 € (DE)
57,80 € (AT)
93,00 CHF (CH)
Not available, publisher indicates OP

BC; PB; Hardcover, Softcover / Wirtschaft/Betriebswirtschaft; Betriebswirtschaft und Management; Family Business; Profit Maximisation; Public Limited Company

The pursuit of financial profit has always been, and will continue to be, the core concern for private sector organisations. There has been an unquestioning acceptance that the maximisation of financial return is the primary driver for all private sector firms regardless of the nature of these firms. This book challenges the simplicity of that assumption. Using empirical research undertaken in a variety of private sector organisations in Germany this book demonstrates that there are differences which reflect the nature of the firm in question. The research compares family and non-family firms and finds significant variations in organisational objectives. The priorities, structure and financial drivers of family firms differ markedly from those of non family firms and, unsurprisingly, strongly reflect the family influence. Yet, the dominant paradigm in current management thinking is centred on public limited companies (PLC) managed by professionals and overseen by a Board of Directors representing the interests of a large number of shareholders. Even here the evidence is that the achievement of maximum return on invested capital is not necessarily the first and only priority. In western economies family firms have significant macroeconomic importance. Taking a differentiated view on private sector organisations matters to practitioners and politicians who must ensure their decisions are being made on the right premises. Researchers may feel invited to interdisciplinary research initiatives that integrate findings from family business research and other academic fields.
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