Family Capitalism

<p>In most countries family businesses make up between 50 - 95% of business entities. Families control 30% of the Fortune 500 companies. These owners and their businesses are often an important part of the social fabric in local communities and increasingly the international economy. Despite this <i>Family Capitalism</i> or ownership has been seen as synonymous with stagnation conflict and crises. The authors focus on how family owners avoids these pitfalls and how emotional resources develop strategizing capacities. </p><p></p><p>The book explores how successful family businesses innovate and create <i>Visionary</i> <i>Ownership </i>and implement it. Two crucial leadership capacities are introduced; <i>Leadership of Paradox</i> and <i>Distributed Leadership</i>. </p><p></p><p>A renewed understanding of family businesses show how the family can generate unique strategic advantages in stewardship succession long-term thinking risk management and building social capital. It shows a different perspective regarding value creation in the economy. The book provides new insights for family owners advisors leaders as well as scholars.</p><p></p><p>The findings are from a best-practice research project with cases from China USA Germany Colombia Israel Tanzania France and Sweden. Applying strategy-as-practice theory shows how family owners across different cultures and sectors use generic ownership strategies and experiment such as with cluster ownership and creating new ventures in succession. </p><p></p>