Ownership in a Family Business as a Profession

This book is aimed at owners, especially non-operating shareholders of family businesses. They work behind the scenes and carry significant responsibility for the success of the company. What characterizes good ownership? What competencies are essential for fulfilling their duties? How can succeeding shareholders also find guidance in the complex field of family businesses? Knowledgeable and practical, the authors outline all relevant areas of action. The book provides encouragement and support for developing a professional ownership structure and task distribution tailored to the individual situation and constellation of one's own family business.

Contents

• The Concept of Family Businesses
• Integrating Competence and Commitment
• Structure of the Entrepreneurial Family and the Company
• Processes of the Owner Family
• Advancing the Business
• Developing Secondary Assets
• Succession Planning
• Developing an Individual Agenda

Authors

Professor Dr. Hermut Kormann served for many years as the Chairman of the Board in a large German family business. He oversees various research projects on governance and strategy in family businesses at Zeppelin University in Friedrichshafen.

Dr. Monika Susanne Börner is a shareholder in the fourth generation of a family business. She is a systemic consultant, researcher, and artist, and she earned her doctorate on decision-making processes of non-operating shareholders at the University of Witten/Herdecke.

The translation was done with the help of artificial intelligence. A subsequent human revision was done primarily in terms of content.

This book is a translation of an original German edition. The translation was done with the help of artificial intelligence (machine translation by the service DeepL.com). A subsequent human revision was done primarily in terms of content, so that the book will read stylistically differently from a conventional translation.