Nobody downloaded yet

Analysis and review of Marrianne Bertrand's The role of family in family firms - Essay Example

Comments (0) Cite this document
Summary
According to the article author Bertrand’s thesis states family values significantly contribute to the shaping and efficiency of the business organizations. In terms of the first point, close family ties contribute to successful business organizations. The typical family…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.1% of users find it useful
Analysis and review of Marrianne Bertrands The role of family in family firms
Read TextPreview

Extract of sample "Analysis and review of Marrianne Bertrand's The role of family in family firms"

Download file to see previous pages Specifically, Mr. family business patriarch, A. Rothschild, trustingly sent his loyal son, Nathan, to manage the family’s opening up of a new London business branch (Bertrand & Schoar 76). In terms of managing the Rothschild family businesses, Mr. Rothschild had more trust over his personally trained son compared to trusting on a complete stranger managing the London branch. Mr. G. Angell espoused the successful family businesses are each generation’s inherited companies that must be protected and handed over to the next generation’s new family-based management officers (Bertrand & Schoar 75). Family members treat the businesses as a trusted responsibility.
In terms of the second point, family business organizations are more stable than non-family business organizations. The Walton family runs the globally successful Wal-Mart store chain (Bertrand & Schoar 74). The Murdoch family profitably continued its News Corporation business (Bertrand & Schoar 74). History affirms family businesses are more stable than non-family business. Culture emphasizes the prioritizing the families’ control over its business ventures (Bertrand & Schoar 79). The stability of the Rothschild family led to the accumulating a huge amount of wealth for the family’s Western business ventures. The Rothschild’s banking, and other financial segment wealth helped contribute to the making and dethroning of leaders and kings, including Napoleon’s Waterloo defeat (Bertrand & Schoar 73). Vanderbilt’s family business help accumulate huge wealth from the railroad and shipping business segments (Bertrand & Schoar 73). Family businesses successfully flourished in Europe, Africa, Latin America, Asia, as well as the Middle East (Bertrand & Schoar 74). As proof, more than 64 percent of Argentina’s top 20 biggest business firms are classified as family businesses (Bertrand & Schoar 74).
In terms of ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Analysis and review of Marrianne Bertrand's The role of family in Essay”, n.d.)
Analysis and review of Marrianne Bertrand's The role of family in Essay. Retrieved from https://studentshare.org/sociology/1659997-analysis-and-review-of-marrianne-bertrands-the-role-of-family-in-family-firms
(Analysis and Review of Marrianne Bertrand'S The Role of Family in Essay)
Analysis and Review of Marrianne Bertrand'S The Role of Family in Essay. https://studentshare.org/sociology/1659997-analysis-and-review-of-marrianne-bertrands-the-role-of-family-in-family-firms.
“Analysis and Review of Marrianne Bertrand'S The Role of Family in Essay”, n.d. https://studentshare.org/sociology/1659997-analysis-and-review-of-marrianne-bertrands-the-role-of-family-in-family-firms.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Analysis and review of Marrianne Bertrand's The role of family in family firms

Family law Scenario analysis

...?Family law Task Using relevant sta y provisions and case law, analyse scenario Assess the legal validity of any possible claim against Gail’s estate and applying legal provisions, illustrate how her estate would be disposed of. Task 2 - Using relevant statutory provisions and case law, analyse scenario 2: Identify any possible claimants on Peggy’s estate under the Inheritance (Provision for Family and Dependants) Act 1975 and assess the likelihood of success each claimant would have in receiving a payment from the estate. Task 3 - In relation to the two scenarios, critically comment upon the ability of the law to interfere with a testator/testatrix’s last wishes. Task 1 In order to check the legal...
10 Pages(2500 words)Essay

Role of Family System And Business In Family Business Sustainability

..., A.J., 2000. Using a household sampling frame to study family businesses: The 1997 Naional Business Survey. In J.A. Katz (Ed). Databases for the study of entrepreneurship (Advances in Entrepreneurship, Firm Emergence and Growth) Volume 4, London: Emerald Group Publishing Ltd., pp.229-287. Olson, P.D., Zuiker, V.S., Danes, S.M., Stafford, K., Heck, R.K. & Duncand, S.M., 2003. Impact of the family and the business on family business sustainability. Journal of Business Venturing, 18, pp.639-666. Upton, N., Seaman, S. & Dyer, P., 1993. An exploratory analysis of family system types in family businesses....
9 Pages(2250 words)Essay

My Family Movie Analysis

...My family Many questions are raised in the movie “My Family” with forgiveness being not only one of the biggest aspects of this particular story, but also in our everyday lives. Forgiveness is letting go of the anger and grudges a person holds against another individual or people. Forgiveness is looking past someone’s faults and failures, knowing he or she will someday change. Forgiveness is not forgetting. It is letting go of the hurt. In the movie “My family” the idea of forgiveness is first portrayed in the relationship between Jose and his son Chucho. Even before Chucho was born, his parents considered him a special child. However, when he grew up, he became an intermediate gangster....
3 Pages(750 words)Movie Review

Family

...for multiple religions in order to satisfy his thirst for knowing God, just as the mother allowed him. By consenting to the decision made by his wife to give their son permission, the father of Pi would be realizing the radical feminists’ dream of an equal society free of male dominance (Castelli, 2012). Similarly, the movie review of the Life of Pi has evidence of structural functionalism. Pi’s father is the breadwinner of the family. He owns a zoo full of wild animals which people come to see at a fee. On the other hand, Pi’s mother is a common housewife. She does not engage in any income generating activity and her main role is to take care of the family. This kind of...
4 Pages(1000 words)Essay

Conflict between Family Firms

...Partners," Management Today (October), 112-115. Davies, Peter, and Douglas Stern (1980). "Adaptation, Survival, and Growth of the Family Business: An Integrated Systems Perspective," Human Relations 34, 207-224. Davis, Peter S. and Harveston, Paula D. The Phenomenon of Substantive Conflict in the Family Firm: A Cross-Generational Study. Journal of Small Business Management. 01-JAN-01 Dyer, W Gibb, Jr. (1994). "Potential Contributions of Organizational Behavior to the Study of Family-Owned Businesses," Family Business Review 7. 109-131. Fulk, Janet, Joseph Schmitz, and Charles Steinfield (1990). 'A Social Influence...
8 Pages(2000 words)Essay

The Role of Family

...Lecturer: Comparative analysis The family fabric has faced many challenges that have threatened to tear it apart, with numerous challenges that facing the ideal family setup. From the great recession of the 1930s and 40s when families were being torn apart by the stinging effects of the serious economic hardships, to the 1950s and 70s when the ideal family as perceived was threatened by single parenting and increased divorce rates, the family has undergone many challenges and changes. This trend further accelerated in the modern American society where since the 1950s, people have increasingly agitated for their rights to form...
4 Pages(1000 words)Essay

Family movie review

...What if Movie Review The movie “What if” is a ical depiction of the intrigues of a primarily Christian life.While there are many facets of life presented in the film such as relationships and choices, the most overbearing feature of the film is probably its characterization of family life. Through such aspects as respecting the individuals calling, keeping ones faith, the movie represents love as a fundamental family concept that binds every family enabling them survive even the most difficult of circumstances where more often than not, critical yet difficult decision play a pivotal role in the directions our lives take. The family...
1 Pages(250 words)PowerPoint Presentation

Family

...The Ideal Family Structure The ideal family structure for raising children is nuclear family system. In the nuclear family structure, children understand the roles and responsibilities of each gender as they are displayed by their father and mother. A nuclear family structure provides the children with an opportunity to witness their parents playing their respective roles without any influence of other people. This is often not the case in the extended family structure. In extended families, although several generations live together and the elders get an opportunity to see their children...
1 Pages(250 words)Essay

Murdoch Family Business Analysis

...Murdoch Family Business Analysis Contents Introduction to the family business 3 Analysis of current challenges faced by the family business 5 Recommendation for Parallel Planning Process 7 Other potential ideas and interventions as a consultant 13 References 16 Introduction to the family business The Murdoch Family Business is an international media business with a present net worth of USD 660 billion. The current owner of the Murdoch Family Business, Rupert Murdoch is an international media tycoon who is the chairman of two famous companies, 21st Century Fox and News corp. which control the major part...
12 Pages(3000 words)Essay

Family

...FAMILY Family A family is a group of people who live together and have common relations as a result of blood ties, marriage or adoption. A family can also be defined simply as a group of people who live together and have common relations. Functionalism perspective on family This perspective tends to focus on the roles of a family in maintaining order and stability in the larger society. It also looks at the functions of a family to its individual members. According to Chambers (2012) a family has four basic roles to its members. These roles are...
1 Pages(250 words)Coursework
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 Essay on topic Analysis and review of Marrianne Bertrand's The role of family in family firms for FREE!

Contact Us