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Softcover, PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from… Mehr…
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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.
Detailangaben zum Buch - The Primacy of Financial Objectives
EAN (ISBN-13): 9783899368697 ISBN (ISBN-10): 389936869X Gebundene Ausgabe Taschenbuch Erscheinungsjahr: 2009 Herausgeber: Josef Eul Verlag GmbH 232 Seiten Gewicht: 0,337 kg Sprache: eng/Englisch
Buch in der Datenbank seit 2010-04-23T14:21:05+02:00 (Berlin) Detailseite zuletzt geändert am 2023-07-03T12:48:18+02:00 (Berlin) ISBN/EAN: 389936869X
ISBN - alternative Schreibweisen: 3-89936-869-X, 978-3-89936-869-7 Alternative Schreibweisen und verwandte Suchbegriffe: Autor des Buches: kemp stefan Titel des Buches: objective, make
Daten vom Verlag:
Autor/in: Stefan Kemp Titel: Familiy Business; The Primacy of Financial Objectives; The Primacy of Financial Objectives - Evidence from German Family PLCs - How Family Businesses make a Difference Verlag: Josef Eul Verlag 214 Seiten Erscheinungsjahr: 2009-12-04 Gewicht: 0,335 kg Sprache: Englisch 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.
