Succession Planning for Small and Family Businesses (Record no. 5206)
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| fixed length control field | 07353cam a2200577Mu 4500 |
| 001 - CONTROL NUMBER | |
| control field | 9781003281054 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | FlBoTFG |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20240213122827.0 |
| 006 - FIXED-LENGTH DATA ELEMENTS--ADDITIONAL MATERIAL CHARACTERISTICS | |
| fixed length control field | m o d |
| 007 - PHYSICAL DESCRIPTION FIXED FIELD--GENERAL INFORMATION | |
| fixed length control field | cr cnu---unuuu |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 220820s2022 xx o ||| 0 eng d |
| 040 ## - CATALOGING SOURCE | |
| Original cataloging agency | OCoLC-P |
| Language of cataloging | eng |
| Transcribing agency | OCoLC-P |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
| International Standard Book Number | 9781000728354 |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
| International Standard Book Number | 1000728358 |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
| International Standard Book Number | 9781003281054 |
| Qualifying information | (electronic bk.) |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
| International Standard Book Number | 1003281052 |
| Qualifying information | (electronic bk.) |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
| International Standard Book Number | 9781000728330 |
| Qualifying information | (electronic bk. : PDF) |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
| International Standard Book Number | 1000728331 |
| Qualifying information | (electronic bk. : PDF) |
| 024 7# - OTHER STANDARD IDENTIFIER | |
| Standard number or code | 10.4324/9781003281054 |
| Source of number or code | doi |
| 035 ## - SYSTEM CONTROL NUMBER | |
| System control number | (OCoLC)1341444128 |
| 035 ## - SYSTEM CONTROL NUMBER | |
| System control number | (OCoLC-P)1341444128 |
| 050 #4 - LIBRARY OF CONGRESS CALL NUMBER | |
| Classification number | HD62.7 |
| 072 #7 - SUBJECT CATEGORY CODE | |
| Subject category code | BUS |
| Subject category code subdivision | 060000 |
| Source | bisacsh |
| 072 #7 - SUBJECT CATEGORY CODE | |
| Subject category code | BUS |
| Subject category code subdivision | 020000 |
| Source | bisacsh |
| 072 #7 - SUBJECT CATEGORY CODE | |
| Subject category code | BUS |
| Subject category code subdivision | 025000 |
| Source | bisacsh |
| 072 #7 - SUBJECT CATEGORY CODE | |
| Subject category code | KJVS |
| Source | bicssc |
| 082 04 - DEWEY DECIMAL CLASSIFICATION NUMBER | |
| Classification number | 658.022 |
| Edition number | 23 |
| 100 1# - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Rothwell, William J. |
| 245 10 - TITLE STATEMENT | |
| Title | Succession Planning for Small and Family Businesses |
| Medium | [electronic resource] : |
| Remainder of title | Navigating Successful Transitions. |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Place of publication, distribution, etc. | Milton : |
| Name of publisher, distributor, etc. | Productivity Press, |
| Date of publication, distribution, etc. | 2022. |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 1 online resource (322 p.) |
| 500 ## - GENERAL NOTE | |
| General note | Description based upon print version of record. |
| 505 0# - FORMATTED CONTENTS NOTE | |
| Formatted contents note | Cover -- Half Title -- Title Page -- Copyright Page -- Dedication -- Table of Contents -- Preface -- Acknowledgments -- About the Editors and Contributing Authors -- Advance Organizer -- Part I Deciding What to Do: Life and Career Planning for Small Business Owners and Family Leaders -- Chapter 1 Considering Your Choices -- 1.1 Decisions Start with You -- 1.2 What Is the Situation in Your Business? -- 1.3 Defining Terms -- 1.4 Differences and Similarities between Small Businesses and Family Businesses -- 1.5 Facts and Figures about Succession Planning in Small and Family Businesses |
| 505 8# - FORMATTED CONTENTS NOTE | |
| Formatted contents note | 1.6 Life and Career Planning for Yourself -- 1.6.1 Step 1: Decide What You Want -- 1.6.2 Step 2: Formulate a Vision of the Future -- 1.6.3 Step 3: Set Your Targets -- 1.6.4 Step 4: Scan the External Environment -- 1.6.5 Step 5: Identify Your Strengths and Weaknesses -- 1.6.6 Step 6: Conduct a SWOT Analysis -- 1.6.7 Step 7: Consider the Range of Choices -- 1.6.8 Step 8: Select the Most Desirable Choice -- 1.6.9 Step 9: Create Action/Transition Plans -- 1.6.10 Step 10: Implement the Plans -- 1.6.11 Step 11: Evaluate Results against Targets |
| 505 8# - FORMATTED CONTENTS NOTE | |
| Formatted contents note | 1.6.12 Step 12: Make Corrections to the Action Plans as Needed -- 1.7 Succession Planning after Life and Career Decisions -- 1.8 Chapter Summary -- Works Cited -- Part II Planning for Succession in Small and Family Business -- Chapter 2 Strategic Planning for Succession Sustainability -- 2.1 What Is a Strategic Succession Plan? -- 2.2 What a Strategic Succession Plan Is Not -- 2.3 Why Strategic Planning for Succession Sustainability Is Important for Small Businesses -- 2.4 Myopia and Wishful Thinking-Failing to Think Strategically -- 2.5 Organizing and Implementing a Strategic Succession Plan |
| 505 8# - FORMATTED CONTENTS NOTE | |
| Formatted contents note | 2.5.1 What Is the Business Owner's Goal? -- 2.5.2 Leadership and Operations Options -- 2.5.3 Business Owner Exit Options -- 2.5.4 Owner Exit Timeframe -- 2.6 How Long Will It Take? -- 2.7 How Frequently Should the Plan Be Updated? -- 2.8 Necessary Preparations -- 2.9 Ensuring Anticipated Results Are Achieved -- 2.10 Three Tools Vital for Implementation Success -- 2.11 Chapter Summary -- Works Cited -- Chapter 3 Recruiting a Successor from Inside, Outside, or Utilizing Other Options for the Organization -- 3.1 Introduction -- 3.2 Importance of Succession Planning |
| 505 8# - FORMATTED CONTENTS NOTE | |
| Formatted contents note | 3.3 Selecting a Successor from Within or Outside the Business -- 3.4 Additional Options for Selecting a Successor -- 3.5 Succession Planning Best Practices and Tools -- 3.6 Effectively Recruiting and Transitioning a Successor -- 3.7 Nuances of a Family-Owned Business -- 3.8 Chapter Summary -- Works Cited -- Part III Special Issues in Small and Family Business Succession Planning -- Chapter 4 Family-Owned Business Dynamics and Politics -- 4.1 Defining Terms -- 4.2 Ethics and Values -- 4.3 Dynamics and Politics in Selection -- 4.4 Attempted Coup in Selection -- 4.5 Planning Ahead |
| 500 ## - GENERAL NOTE | |
| General note | 4.6 Understanding Motivations |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | Who will lead your organization into the future? Have you created the systems to properly implement required succession transitions? Have you put the financial tools in place to fund the transition? Do you want a plan that connects with your personal and company core values? When do you include timely planning related to strategy and talent issues? What are the appropriate communication strategies for sharing your plan? What legal issues need consideration related to the strategy, financial, and people aspects of succession? So, what is preventing you from starting this effort tomorrow? Small and family businesses are the bedrock of all businesses. More people are employed by small and family-owned businesses than by all multinational companies combined. Yet the research on small and family businesses is bleak: fewer than one-third of small business owners in the United States can afford to retire. Only 40% of small businesses have a workable disaster plan in case of the sudden death or disability of the owner, and only 42% of small businesses in the United States have a succession plan. Fewer than 11% of family-owned businesses make it to the third generation beyond the founder. Lack of succession planning is the second most common reason for small business failure. Many organizations often wonder where to start and what to do. Succession Planning for Small and Family Businesses: Navigating Successful Transitions presents a comprehensive approach to guiding such efforts. Small and family-owned businesses rarely employ first-rate, well-qualified talent in human resources. More typically, business owners must be jacks-of-all-trades and serve as their own accountants, lawyers, business consultants, marketing experts, and HR wizards. Unfortunately, that does not always work well when business owners embark on planning for retirement or business exits. To help business owners avert problems, this book advises on some of the management, tax and financial, legal, and psychological issues that should be considered when planning retirement or other exits from the business. This comprehensive approach is unique when compared to the books, articles, and other literature that currently exist on the market. This book takes on a bold and integrated approach. Relevant research combined with the rich experiences of the authorsconnects this thorough, evidence-based approach to action-based approaches for the reader. |
| 588 ## - SOURCE OF DESCRIPTION NOTE | |
| Source of description note | OCLC-licensed vendor bibliographic record. |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Small business |
| General subdivision | Management. |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Family-owned business enterprises |
| General subdivision | Management. |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Small business |
| General subdivision | Succession. |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Family-owned business enterprises |
| General subdivision | Succession. |
| 650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | BUSINESS & ECONOMICS / Small Business |
| Source of heading or term | bisacsh |
| 650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | BUSINESS & ECONOMICS / Development / Business Development |
| Source of heading or term | bisacsh |
| 650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | BUSINESS & ECONOMICS / Entrepreneurship |
| Source of heading or term | bisacsh |
| 700 1# - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Prescott, Robert K. |
| 856 40 - ELECTRONIC LOCATION AND ACCESS | |
| Materials specified | Taylor & Francis |
| Uniform Resource Identifier | <a href="https://www.taylorfrancis.com/books/9781003281054">https://www.taylorfrancis.com/books/9781003281054</a> |
| 856 42 - ELECTRONIC LOCATION AND ACCESS | |
| Materials specified | OCLC metadata license agreement |
| Uniform Resource Identifier | <a href="http://www.oclc.org/content/dam/oclc/forms/terms/vbrl-201703.pdf">http://www.oclc.org/content/dam/oclc/forms/terms/vbrl-201703.pdf</a> |
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