Nobody downloaded yet

Consequences of long term family ownership - Admission/Application Essay Example

Comments (0) Cite this document
Family members are the decision makers and they make policies. Family business is one of the oldest and common methods of economic organization. Today, family business ownership is acknowledged as the most…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97% of users find it useful

Extract of sample "Consequences of long term family ownership"

Download file to see previous pages For the family owned business to grow and build a strong foundation, two challenges must be tackled; achieving strong business performance and keeping the family committed to and capable of carrying on as owners. Family tends to hold on to their family because of the benefits they get from the business over a long period of time. This paper lists and discusses the consequences of long term family ownership in businesses.
This paper discusses family ownership in a family business and its long-term consequences. A family business can be defined as commercial organization where decision-making is influenced or done from generation to generations of a family. Family business is one of the oldest and common methods of economic organization. The most important element in a family business is that the family has a significant ownership stake (Bennedsen & Fan, 2014).In the case of small or medium businesses, one member or a group will own the entire business. In some of the companies, the majority ownership can be diminished to a minority stake as the firm continues to grow.
Family delivers little or no enhancement in the management value beyond the level that the non-family management can achieve, but there is no objection threatening its ownership. In this case, a need to hire professional management from outside the family arises, but the family still remains on the ownership side. A Swedish company IKEA is an example of this category; the owners hired management from outside the family circle, but the family still retained the ownership of the company (Bennedsen & Fan, 2014). When the founder Ingmar Kampvad retired, the leadership that had for decades been held by family members wasn’t passed on to the next generation. With the absence of the strong management skills from the family once he retired, it was natural that the family stayed out of the top management level. In the case of Europe, family companies are ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Consequences of long term family ownership Admission/Application Essay”, n.d.)
Consequences of long term family ownership Admission/Application Essay. Retrieved from
(Consequences of Long Term Family Ownership Admission/Application Essay)
Consequences of Long Term Family Ownership Admission/Application Essay.
“Consequences of Long Term Family Ownership Admission/Application Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Consequences of long term family ownership

Short Term Long Term Goal

...?Prompt: Please answer all parts below: Why are you seeking to pursue your MBA study at this moment of your life? Describe your short and long term career objectives. How will you measure your success? Who do you want to be in the future? What steps will you take to achieve your goal? Explain how an MBA will contribute to these goals. Coming from a family of entrepreneurs, I was taught early in life that while formal education can teach you how to earn a living, self-education can make you a fortune. That is why although I’ve already had a considerable amount of success in my business ventures owing to my raw talent and the aptitude for business that I have gained over the years, I...
3 Pages(750 words)Essay

Short Term Long Term Goal

...a high level of penetration opportunity. I am confident that through the CEIBS MBA program, I will be able to build an extensive network of classmates and alumni and gather sufficient knowledge of the local market in China to streamline future business growth. Within a year of acquiring my MBA, I want to start a promising food business venture, choosing the initial location at a primary market to promote the brand and attract franchising interest. I want to work on a modular menu that can be dexterously handled by a central kitchen in preparation for franchise expansion. I will focus on expanding to other markets within China. Meanwhile, I want to keep creating innovative and attractive menus to fend off competitors. As a...
2 Pages(500 words)Essay

Major social consequences of long-term unemployment

...? Our society is structured in a manner in which an individual must be able to sustain himself and his family. The that allows people to accomplish this goal is work. Work can be defined as physical or mental activities directed toward the production or accomplishment of something1. People from childhood are being slowly prepared for eventually becoming a part of the workforce. Upon graduation from high school many adults elect to go to college to learn new traits and skills that will prepare them for a career. When a person loses their job it has economic and social consequences. The purpose of this paper is to describe the major social consequences of long term unemployment. Employment along with providing a source of income... ...
3 Pages(750 words)Essay

Social Consequences Of Long Term Unemployment

...on the young people. These bear the greatest brunt as adjusting to the labour market needs becomes quite challenging. Getting the necessary professional polishing by way of experience proves to be a herculean task as the transfer of skills is limited. Consequently, borrowing becomes the norm, creating a cycle of dependency resulting from lack of financial independency. The spiraling effects of long term consequences of unemployment, lead to deterioration of family ties and breakdowns as the financial instability cripples the purchasing power of the families. This results into confrontations as needs become quite elusive to cater for. The...
5 Pages(1250 words)Essay

Long-Term Care

...class is penalized by having to give up everything either to the State or to the family. Upper class do not need the ‘spend down’ because they can easily cover long-term care, and lower class is already covered by default. Therefore, the middle class (many call it the “sandwich class”) seems to be paying for the consequences. Another allegation is that the long-term care benefits should already be covered after a lifetime of paying taxes. Individuals are expected to pay or incur the medical expenses equal to the monthly ‘spend down’ before Medicaid covers additional medical expenses in the month. This opens the doors for critics to...
8 Pages(2000 words)Essay

Long-Term Investmet Strategy

...funeral expenses, are also, at times, incorporated in the benefits. I raised a family, which always works hard to achieve their goals. This is because I also work hard in life to achieve my goals. After retirement, the main thing I want to do is reward my children plus my wife for the hard work we have put to erect our family. Knowing that I will be retiring at the age of 60, and my two sons and one daughter all have well paying jobs plus my wife takes pride in taking care of her flower farm, the only thing I can think about is life insurance as a long term investment strategy for my people. I feel that if I will still be alive after my retirement days, then that money...
4 Pages(1000 words)Essay

Short and Long Term Consequences of Adolescent Victimization

... crime, using illicit drugs) and involuntary outcomes (e.g., mental health problems). The Bulletin begins with an overview of the research literature on the consequences of criminal victimization. Bibliography: Menard, Scott; Short-and Long-Term Consequences of Adolescent Victimization; Youth Violence Research Bulletin; Office of Juvenile Justice and Delinquency Prevention and Centers for Disease Control; February 2002 Chapter 3 Specific Justice Systems and Victims' Rights (Section 1 Supplement); June 2002; Darkness to Light; Confronting Child Sexual Abuse with Courage; Copyright 2001-2005 Darkness to Light; http... ...
2 Pages(500 words)Essay

Long Term Consequences of Colonizing Africa move the continent forward since the pre-colonial era. One of the major long term consequences of colonizing Africa is the political culture of the different countries. Prior to the colonial era most of Africa could be described as a stateless society. Many of the borders of these modern states were created according to the whims and fancies of the different colonial leaders. “Namibia’s odd shape was created by the strategic requirements of a German foreign minister”2 . The current political rulers of the varied African countries retained the boundaries set by the colonial rulers with the exception of modern day Tanzania and Eritrea. . This in some way helped in the social identity...
6 Pages(1500 words)Research Paper

Long-Term Investment Decision

...Long-term investment decisions The Company Profile The project is focused on planning long-term capital budgeting decisions for a frozen food company, Fitness Food. The company manufactures and sells low calorie frozen food that can be micro-waved for eating. According to the management, the company is delivering food services and solution to fitness conscious individuals and workaholics who want quick, healthy and tasty meals. The company has been performing well so far, until recently when cost of raw material started increasing and managers were asked to devise a plan in response to inelastic price change. The following sections provide an outline of ways to meets the...
6 Pages(1500 words)Essay

Long Term Relationships

..., as the name suggests, involves the payment of money as the work progresses and costs are incurred along the way. However, this progress does not include payments based on completion of certain stages, partial deliveries, partial payments in case of contract termination, and performance oriented payments. Legal and financial government institutions such as the Federal Reserve Bank may also guarantee loans to individuals so that contractors are financed in order to pay for the acquisition of goods and services. Such financing mainly comes from the private sector under the terms of the contract. Under particular statutes, progress payments for the completion of a certain stage is authorized which is used under agency...
5 Pages(1250 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Admission/Application Essay on topic Consequences of long term family ownership for FREE!

Contact Us