This textbook familiarises students with the theory and practice of small business management and challenges assumptions that may be held about the way small business management can or should adopt the management practices of larger firms. For students interested in establishing and managing their own small firm, this book helps them to focus their thinking on the realities of life as a small business owner-manager - both its challenges and its rewards. For postgraduate students that are keen to 'make a difference', this text enables them to understand how they might consult to small firms and assist owner-managers to establish and grow their ventures. In addition to students, this book is also useful to small business owner-managers as a general guide on how they might better manage their operations. Managers in large corporations and financial institutions who deal with small businesses as clients or suppliers, and professionals such as accountants, lawyers and consultants who provide advice and other services to small businesses will also find the book of interest.

Entrepreneurial Family Business: From Survival to Success is a comprehensive look at the impactful elements surrounding family business and entrepreneurship throughout time. It emphasizes the importance of overlap between family, business, and ownership by utilizing story-telling techniques. By explaining the role of entrepreneurship with a story, the author is able to show practical applications and highlight important cornerstones of family business. Historical documents and records are provided throughout the text in order to supply fact-based evidence. The author, Dr. Dianne H.B. Welsh, discusses the creation, experiences, and evolution of her family business, Boyt (R), which began in 1901 as a horse and animal equipment company, evolved into Boyt (R) Division Welsh Sporting Goods that revolutionized the soft-sided luggage industry around the world, and is now in its next phase and ownership. Entrepreneurial Family Business: From Survival to Success focuses on the role of innovation in the development and longevity of Boyt (R). It highlights the integral roles that each person plays in the success of a business and emphasizes that each role deserves respect and praise. This text allows readers to consider the outcomes of their decisions and the impact on the sustainability of the family, business, and ownership.

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Using institutional economics as a theoretical framework, this book analyzes institutional environment conducive to entrepreneurial activity in order to enhance economic performance across countries. In particular, the main contributions of this book to the entrepreneurship literature are the following: * Identify past and current research about the institutional context shaping entrepreneurial activity and its effect on economic growth * Examine social progress orientation as those institutional factors that are shaping innovative entrepreneurial activity * Explore the effect of different types of entrepreneurial activities on economic growth * Examine how social progress orientation through opportunity-driven entrepreneurship affects economic development* Analyze the interrelationships between institutions, entrepreneurial activity and economic development across countries * Study how the country's institutional context influences the way in which entrepreneurial activity affects social progress Two sides of the same coin might be observed when analyzing policy aspects of those institutions affecting entrepreneurial activity. On the one hand, effective public policy to promote entrepreneurship is predicated on understanding the underlying forces as well as the consequences and impacts of entrepreneurship. On the other hand, different endeavors to promote entrepreneurial activity might have deleterious economic effects since they could actually reduce employment in the long-term. Thus, it is crucial to understand the institutional environment in which entrepreneurs are interacting and making decisions. The comprehension of these phenomena serves to move forward the theoretical, practical and policy debate on entrepreneurship as a mechanism to achieve higher economic performance.

This proceedings book presents a multidisciplinary perspective on risk and risk management. Featuring selected papers presented at the European Risk Research Network (ERRN) 8th European Risk Conference "Multiple Perspectives in Risk and Risk Management" held in Katowice, Poland, it explores topics such as risk management systems, risk behaviors, risk culture, big data and risk reporting and regulation. The contributors adopt a wide variety of theoretical approaches and either qualitative or quantitative methodologies. Contemporary companies operate in a highly dynamic environment, accompanied by the constant development of the information technology, making decision-making processes highly complex and increasing the risk related to company performance. The European Risk Research Network (ERRN) was established in 2006 with the aim of stimulating cross-disciplinary research in the area of risk management. The network includes academics and industry experts from the fields of accounting, auditing, financial economics and mathematical finance. To keep the network lively and fruitful, regular "European Risk Conferences" are organized to present papers from a broad spectrum of risk and risk management areas. Featuring contributions for Italy, South Africa, Germany and Poland, this proceedings book is a valuable reference resource for students, academics, and practitioners in risk and risk management

Umfassendes, gut strukturiertes Lehrbuch zum Management von Familienunternehmen Dieses Lehrbuch bietet einen schnellen und gut strukturierten Einstieg in das komplexe Themengebiet des operativen Managements von Familienunternehmen. Die Autoren stellen die Besonderheiten dieser Unternehmensart umfassend dar und erleichtern die Anwendung des theoretischen Wissens mithilfe der folgenden Instrumente: Lernziele Lernfragen Weiterfuhrende Literatur Fallstudien Praxisbeispiele Fur die zweite Auflage haben die Autoren das Buch fundamental uberarbeitet und um diverse neue Aspekte rund um die Fuhrung von Familienunternehmen erganzt. Zu den Neuerungen gehoeren unter anderem ein ausfuhrlicher Abschnitt zur Nachfolgeregelung, Ausfuhrungen zur Konfliktbewaltigung in Familienunternehmen sowie neue Erkenntnisse zur Family Business Governance. Nicht nur fur Studenten interessant Dieses Lehrbuch gibt einen UEberblick uber die wichtigsten Aspekte des Zusammenspiels von Familie und Unternehmen, wobei alle relevanten Bereiche gleichermassen behandelt werden. Die Besonderheiten dieser Unternehmensart - seien es Grosskonzerne in Familieneigentum oder familiengefuhrte KMU - werden umfassend dargestellt. Durch die didaktische Aufbereitung erhalten Studierende und Dozierende ebenso wie Angehoerigen von Unternehmerfamilien, Mitarbeiter in Familienunternehmen sowie Steuerberater, Wirtschaftsprufer und Rechtsanwalte eine umfassende Einfuhrung in das operative Management von Familienunternehmen. Das A und O der Unternehmensfuhrung in Familienbetrieben Die Autoren stellen in ihrem Buch alle Besonderheiten und Erfolgsfaktoren des Managements von Familienunternehmen vor. Der Fokus des Lehrbuchs liegt dabei auf den folgenden Teilgebieten: Die Familie und das Unternehmen Die Leistungsfahigkeit von Familienunternehmen Handlungsfelder in Familienunternehmen Family Business Governance Strategisches und operatives Management Nachfolge in Familienunternehmen Familien- und Unternehmensgremien Durch die ausgewiesene Expertise der Autoren bietet dieses Buch einen hilfreichen Einstieg in die Unternehmensfuhrung und leistet eine kompetente Beratung fur Familienunternehmen.