Critically Discuss the Role and Benefits of Long-Term Planning for Modern Family Businesses

Name: Critically Discuss the Role and Benefits of Long-Term Planning for Modern Family Businesses
Brand: Grin Verlag
SKU: 9783656292876
Price: 2152.0 INR
Availability: InStock

by Alexander Schmithausen

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ISBN13: 9783656292876
Binding: Paperback
Subject: N/A
Publisher: Grin Verlag
Publisher Imprint: Grin Verlag
Publication Date: February 15, 2013
Pages: 40
Original Price: USD 25.5
Language: English
Edition: N/A
Item Weight: 87 grams
BISAC Subject(s): Sociology / Marriage & Family

About The Book

Essay from the year 2012 in the subject Sociology - Gender Studies, grade: 1,0, University of Edinburgh (Business School ), language: English, abstract: This essay has sought to understand how long-term planning in family business can be a successful means of enhancing their success and surivival in the future. Less than one third of family-owned businesses survive into the second generation, with between 10-15% actually being continued into the third generation, it is essential to understand which factors may increase the longevity of modern family businesses and enhance their success in the future. Family members oversee, look after and maintain the business so that it is in a strong position when it is passed down to the next generation of family members. This focus ensures that those managing the family business have their eye on the long-term success of the company, and are less interested in shortterm profits.

About The Author

Alexander Schmithausen completed his studies after graduating in Economics and Business Administration in the Netherlands, Germany, South Korea (SKK GSB), USA (Stanford) and the UK (LSE). In 2012, he received a master's degree from the University of Edinburgh in Scotland. In addition, Schmithausen titled FInstAM, Fellow of the Institute of Administration Management Award in London. He worked as a legal assistant for a securities trading bank. Since 2013 Alexander Schmithausen works for a private Hospital Group in Germany. Alexander Schmithausen hat nach seinem Abitur sein Studium der Volks- und Betriebswirtschaft in den Niederlanden, Deutschland, Südkorea (SKK GSB), USA (Stanford) und Großbritannien (LSE) absolviert. In 2012 hat er einen Masterabschluss der Universität Edinburgh in Schottland erhalten. Zudem wurde Schmithausen mit dem Titel FInstAM, Fellow des Institute of Administration Management in London ausgezeichnet. Er hat als juristischer Assistent für eine Wertpapierhandelsbank gearbeitet. Seit 2013 ist Alexander Schmithausen für einen privaten Klinik Konzern in Deutschland tätig.

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