Family Business Essays (Examples)

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Family Business
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Family Business
This case study is a perfect example of one of those situations we are sometimes faced with in life, when we have to decide whether to make an ethical, but unhealthy decision in terms of its consequences, or an unethical one, but one that is deemed to bring some profits. Like Machiavelli said, "the goal justifies the means," but does it?

The case study is rather simple and involves two categories of stakeholders, the employee and the employer. This is the most usual conflict situation that we may have at the workplace. Jane has been recently hired as the head of the payroll department within R&S Electronics Service Company by the General Manager, Eddie. Her attributions were clear, among them the most important being "strict confidentiality regarding employee salaries and pay scales." As she begins her work within the firm, she notices that Greg, Eddie's brother, makes high commissions from….

Family Business and Steinberg Case
Steinberg's Success -- Sam Steinberg (1905-1978), was a Canadian of Hungarian descent who transformed the grocery story founded by his mother Ida, into one of the largest chains in the Quebec, Steinberg's Supermarket. One of his key successes was helping to transform food retailing in the post-orld ar II era into mass merchandising, mechanization, and personnel management that fed into and exploited the bilingual nature of Quebec, and the Ontario. Sam had a unique ability to find optimal locations for his stores by using the old-fashioned technique of driving around the area, watching who drove where, who shopped where, and learning about the areas, then purchasing properties and building on sites he believed would service the public in the most expeditious manner. At the time of his death, Steinberg's was the largest supermarket chain in Quebec. Sam left a legacy of philanthropic ideas and causes, typically….

A few of the most notable projects would include: the Clinton Commons Development and Armory Square projects. This would cause the overall amounts of available offices to increase. The construction costs will vary between: $85.00 to as high as $200.00 per square foot. ("Syracuse Average Costs," 2007) While, the financing of purchasing any kind of properties is more difficult. This is because of the tight credit conditions that many financial institutions are facing. When you analyze the different properties, it is clear that the Jefferson Center is facing the greatest challenges. As the market is struggling with an oversupply of office space and declining rents. The other properties located in Liverpool and Dewitt, are situated in markets where the levels of rent are increasing and the available supply is decreasing. This shows, how a divergence is occurring, between the properties that are located in Downtown Syracuse and the suburbs.….

1). Crane (2007) further asserts her perspective that the lack of success has a lot to do with a lack of formalized structure and the tendency to hire within the family even when those hires are not a good fit. Crane (2007) echoes much of what the others have said about success in family businesses requiring consistent, honest communication, transparency, and outside advice.
Evaluation

Karolyi Gymnastics Camp

In 1981, Bela Karolyi and his wife, Martha, founded a camp within the Sam Houston National Forest (in Texas) (Karolyi, 2010). It contains a 35,000 square foot gymnasium complex, a huge lake for boating, an exotic animal petting zoo, horse stables and space for horseback riding, trails for nature walks, and an Olympic size swimming pool (Karolyi). It is on these grounds that Bela and Martha host gymnasts from all levels, over 7 years of age, from all over the world (Karolyi). It is also….

Strengthening traditional SMEs business in Thailand
On the family business trends in Thailand

The concept of family ownership of firms has raised a lot of focus of late since the common trend in the U.S. is the dispersed ownership which has a strong separation between the ownership and the control of the business. There is a growing trend of firms being part of the group of companies which are brought together by a common family bond or common ownership at some point hence having common control at the family level. Such family-controlled businesses largely employ the pyramid structures in ownership in order to exert the requisite control over the large networks of the business. It is apparent that the family ownership models are predominant in countries with low levels of protection of the minority shareholders. However, this trend is fast changing with the U.S. fast adopting such a model in the ownership….

Wal-Mart Stores, Inc.
Company Operations

Financial Analysis

Wal-Mart United States

Sam's Club

Wal-Mart International

Industry Analysis

Family History

Business Challenges

Complexity of the Business

Entrepreneurial Inheritance

The Dividend

Main Company Issues

Career Learning

Samuel Moore Walton was born March 29, 1918 in Kingfisher, Oklahoma and died April 5, 1992 in Little ock, Arkansas. From humble beginnings, he became a retail titan as the founder of Wal-Mart Stores, Inc. He graduated from the University of Missouri and entered the J.C. Penney training program before serving in the Army during World War II. He started a chain of five-and-dime variety stores in Arkansas right after returning from the Army, and opened his first Wal-Mart store in 1962. He pioneered many customer service functions that today are considered standard practice. Walton eschewed the typical discount-store chain practice of locating stores in or near large cities, preferring small towns where the competition was nonexistent. He had opened 1,000 stores by 1988 when he resigned as chief executive officer,….

History/description of the family businessThe history of very successful family owned businesses began around the 1870S and 1890s during the industrial revolution. This period ushered in an unprecedented amount of technological innovations such as the railroad, the steam engine, and eventually, the automobile. Each of these items help to foster a greater ability to transport goods and services without the need for excessive manner labor. The concept of total factor productivity was introduced during this period. Here TFP was synonymous with efficiency gains that correlated to higher productivity gain as a result of capital investment (Barnes, 1976). Capital investment was critical to the well-being of the country at this time. The ability to not only to use capital investment to enhance productivity, but also the use the financial systems to invest in these goods was critical at the time. Also, during the period capital intensive industries began to gain prominence.….

Businesses are the cornerstone of a capitalistic society. Businesses often drive economic growth and overall societal prosperity. In many instances, business can enhance the overall quality of life of those living in civilization. Looking back briefly at history, provides a unique perspective of business as it relates to societal development. Currently, looking at a minimum wage individual living in America today, they are able to perform tasks and activities that many of the wealthiest individuals in society during 1900 could only dream of. The minimum wage individual can watch television, listen to music on a cell phone, use the internet and even control the weather within their vehicle. This has occurred primarily due to the profit incentive embedded in a capitalistic society. The same will occur with Alex, Bill, Carl, Devon, and Xavier as there farm business developments. These same principles are present for all Christians who want their business….

Family Owned Businesses
PAGES 3 WORDS 829

Family
Moshavi D. & Koch M.J., (n.d). he Adoption of Family-Friendly Practices in Family Owned Firms.

he article is centered on the family business and how the conflicts that emanate from the family business affects the non-family employees and what repercussions it has on the business as well. It highlights the work and family systems interaction and how that interaction can be managed. his is an empirical investigation into how the family business owners manage the work and family conflicts that face the non-family employees. he article first highlights some pertinent theories that help explain the influence of family on business like the resource-dependency theory and institutional theory in order to help the reader understand the entire concept. he researcher used the survey method to collect his data and 680 human resource manager filled in questionnaires that were used. he dependent variable is sighted as work-family responsiveness and the independent variable used….

wikipedia.org/wiki/Manager, last accessed on September 28, 2007
Mark Hillon, Chaos and Complexity, Storytelling Organization, http://www.horsesenseatwork.com/psl/pages/chaosdefined.html, last accessed on September 28, 2007

David E. Wojick, Chaos Management and the Dynamics of Information: A New way to Manage People in Action, Washington DC, http://www.bydesign.com/powervision/Mathematics_Philosophy_Science/Chaosman.html, last accessed on September 28, 2007

Scott Love, October 13, 2004, Chaos Management for the Resilient Leader, Asheville, http://www.expertclick.com/NewsReleaseWire/default.cfm?Action=ReleaseDetail&ID=7315,last accessed on September 28, 2007

Robert Heller, July 8, 2006, Entrepreneurial Management: What's the difference between management and entrepreneurship?, Thinking Managers, http://www.thinkingmanagers.com/management/entrepreneurial-management.php, last accessed on September 28, 2007

22 August 2006, Entrepreneurial Management, oise State University, http://mg.boisestate.edu/entrepmanagement.htm, last accessed on September 28, 2007

ruce Tulgan, April 10, 2007, the Undermanagement Epidemic: Hiding in Plain Sight, http://209.85.129.104/search?q=cache:LEWzz37AT1kJ:www.ipa.org/pdf/2007-02hr.pdf+undermanagement&hl=en&ct=clnk&cd=5&client=firefox-a, last accessed on September 28, 2007

Daniel Goleman, October 20, 2006, Cram 101 Textbook Outline for Primal Leadership: Learning to Lead With Emotional Intelligence, First edition, AIPI Publishing

Management Styles, Rensselaer Polytechnic Institute

Management, September 26, 2007, Wikipedia, the Free Online Encyclopedia

Mark….

If the child is punished for small infractions of the rules and other children are not, this makes him feel that life is unfair, and makes him act in the ways that he is expected to act. Formal labeling is manifest when teachers treat students labeled as gifted as brighter, which motivates the children to perform better on tests, or when students labeled as 'special education' or 'ESL' are assumed to be capable of less than other children. If less is expected of them, they will naturally perform at a lower standard.
Module 4

Q5. Identify some of the factors that could lead to inept parenting in single parent family households.

Even the best single parent faces considerable challenges. Single parent households tend to be less affluent economically, which automatically presents a difficulty in terms of ensuring that children have safe and healthy environments in which to live. Single parents may not….

Maybe for some things are well enough, but for most Americans they are far from it. Most Americans spend their days worrying about being just one layoff away from joining the 50 million other men, women and children in the ranks of the uninsured. The average household income in this country is just about $50,000. This means that most people are not in a position to pay a fourth of their family's annual income, before taxes, just to cover health insurance premiums. More and more people face paying thousands more of our hard earned dollars in out-of-pocket expenses before the coverage we pay so dearly for actually kicks in (ichard, 2009).
In the past many Americans who have been enrolled in employer-sponsored health insurance plans have been able to rely on their employers to pay the biggest share of the premiums, but the truth is that fewer and fewer Americans….

Business Plan for a Financial Divorce Software
Business Plan Divorce Software

Business Plan relating to the Sales of a new Financial Divorce Software.

Business Plan relating to the Sales of a new Financial Divorce Software

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F1

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G1

G1(a)

G1(b)

G1(c)

Business Identification

Keys to Success

Company Summary

Industry History

Legal Form of Ownership

Location and Facilities

Management Structure

Products and Service

Market Analysis

Target Market

Industry Analysis

Competitive Analysis

Market Strategy

Ps of Marketing

Price List

Selling Strategy

Sales Forecast

Implementation Strategy

Overall Strategy

Implementation

Control Plan

Financial Statements and Projections

evenue and Cost Estimate

Forecasted Profit and Loss Statement

Forecasted Balance Sheet

Financial Assumptions

Breakeven Point

Financial Position

Capital/Investment Needs

Conclusion

eferences

Executive Summary

Financial planning is involved in every aspect of life. Individuals and businesses have to formulate their daily, monthly, and yearly budgets in order to achieve a balance between their incomes and expenditures. Among other matters, divorce is also a critical issue in individuals' lives. In addition to family conflicts and break-ups, divorce also brings serious financial problems for both the parties (Women Advisors Forum, 2011). Therefore, it is very important to have advice from financial planners….

As part of the research triangle, Raleigh has a significant portion of its population that fits the target market. For the Farmery to succeed, it only needs to capture a small portion of the market share. This is especially true because the store has a small footprint, and has the flexibility to set up on vacant lots without the costs of either renting or developing fixed real estate. The Farmery therefore needs to focus on two or three key elements to ensure adequate market penetration.
The first of these is location. Let it not be understated that location, location, location is critical to the success of any retail business. Because food is not normally something that people are willing to travel more than a few miles for, it is important that the Farmery target a neighborhood where there is a high concentration of individuals that fit the target market. There….

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One tactic which has made the John Doe group unique in the industry is its recognition of the importance of community in the viability of individual enterprises. Its damaged relationship with the communities in which it has sought to operate can be rectified by aspects of its model which are already in place. Though the company operates thousands of funeral service establishments from a centralized point of authority, its acquisition strategy incorporates the families who have owned and operated the newly purchased assets into the business plan. As a result, John Doe's holdings are hybrid entities, armed with the resources of a large parent company but endowed with the close community relationship of an independent business. Taking advantage of this model should be central to the company's overall reversal of its negative public image. This will demand that the new core of central leadership make an effort to increase….

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2 Pages
Term Paper

Business - Ethics

Family Business

Words: 700
Length: 2 Pages
Type: Term Paper

Family Business This case study is a perfect example of one of those situations we are sometimes faced with in life, when we have to decide whether to make an…

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5 Pages
Essay

Business

Family Business and Steinberg Case

Words: 1750
Length: 5 Pages
Type: Essay

Family Business and Steinberg Case Steinberg's Success -- Sam Steinberg (1905-1978), was a Canadian of Hungarian descent who transformed the grocery story founded by his mother Ida, into one of…

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4 Pages
Business Plan

Urban Studies

Family Business Over the Last

Words: 1443
Length: 4 Pages
Type: Business Plan

A few of the most notable projects would include: the Clinton Commons Development and Armory Square projects. This would cause the overall amounts of available offices to increase.…

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8 Pages
Dissertation

Business

Family Business Starting and Running

Words: 2181
Length: 8 Pages
Type: Dissertation

1). Crane (2007) further asserts her perspective that the lack of success has a lot to do with a lack of formalized structure and the tendency to hire…

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8 Pages
Literature Review

Business

SME in Thailand and the Future of Family Businesses

Words: 3119
Length: 8 Pages
Type: Literature Review

Strengthening traditional SMEs business in Thailand On the family business trends in Thailand The concept of family ownership of firms has raised a lot of focus of late since the common…

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20 Pages
Essay

Business

Family Business Directed Study of the Walton Family

Words: 6119
Length: 20 Pages
Type: Essay

Wal-Mart Stores, Inc. Company Operations Financial Analysis Wal-Mart United States Sam's Club Wal-Mart International Industry Analysis Family History Business Challenges Complexity of the Business Entrepreneurial Inheritance The Dividend Main Company Issues Career Learning Samuel Moore Walton was born March 29, 1918 in Kingfisher,…

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16 Pages
Research Paper

Business

How family owned businesses benefit the capital markets

Words: 4677
Length: 16 Pages
Type: Research Paper

History/description of the family businessThe history of very successful family owned businesses began around the 1870S and 1890s during the industrial revolution. This period ushered in an unprecedented amount…

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8 Pages
Research Paper

Business

Businesses Are the Cornerstone of a Capitalistic

Words: 2907
Length: 8 Pages
Type: Research Paper

Businesses are the cornerstone of a capitalistic society. Businesses often drive economic growth and overall societal prosperity. In many instances, business can enhance the overall quality of life of…

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image
3 Pages
Essay

Business

Family Owned Businesses

Words: 829
Length: 3 Pages
Type: Essay

Family Moshavi D. & Koch M.J., (n.d). he Adoption of Family-Friendly Practices in Family Owned Firms. he article is centered on the family business and how the conflicts that emanate from…

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6 Pages
Term Paper

Business - Management

Business Strategic Management Corporate Governance

Words: 1781
Length: 6 Pages
Type: Term Paper

wikipedia.org/wiki/Manager, last accessed on September 28, 2007 Mark Hillon, Chaos and Complexity, Storytelling Organization, http://www.horsesenseatwork.com/psl/pages/chaosdefined.html, last accessed on September 28, 2007 David E. Wojick, Chaos Management and the Dynamics of Information:…

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6 Pages
Thesis

Children

Families Delinquency & Crime What

Words: 1939
Length: 6 Pages
Type: Thesis

If the child is punished for small infractions of the rules and other children are not, this makes him feel that life is unfair, and makes him act…

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5 Pages
Essay

Healthcare

Business Healthcare Reform at the

Words: 1673
Length: 5 Pages
Type: Essay

Maybe for some things are well enough, but for most Americans they are far from it. Most Americans spend their days worrying about being just one layoff away…

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25 Pages
Business Plan

Business

Business Plan Relating to the Sale of a New Financial Divorce Software

Words: 6850
Length: 25 Pages
Type: Business Plan

Business Plan for a Financial Divorce Software Business Plan Divorce Software Business Plan relating to the Sales of a new Financial Divorce Software. Business Plan relating to the Sales of a new…

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15 Pages
Business Plan

Business

Business Plan Product Description Market

Words: 4066
Length: 15 Pages
Type: Business Plan

As part of the research triangle, Raleigh has a significant portion of its population that fits the target market. For the Farmery to succeed, it only needs to…

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4 Pages
Business Proposal

Business

Business Plan Funeral Services Business

Words: 1140
Length: 4 Pages
Type: Business Proposal

. One tactic which has made the John Doe group unique in the industry is its recognition of the importance of community in the viability of individual enterprises. Its…

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