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5 Cards in this Set
- Front
- Back
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THREE DILEMMAS IN THE FINANCIAL MANAGEMENT OF FAMILY BUSINESS |
Back (Definition) |
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4 ADVANTAGES OF EQUITY FINANCING |
1. No fixed payment 2. Interest alignment toward value creation 3. Flexibility 4. Control, in the case of internal equity providers |
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4 Advantages of debt financing |
1. Control 2. Cost 3. Tax Shield 4. Profit discipline 5. Leverage affect |
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4 CONFLICT MANAGEMENT STYLES |
1. integration 2. dominance 3. accommodation 4. avoidance |
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8 ELEMENTS OF TRANSGENERATIONAL VALUE CREATION |
1. Upholding change and entrepreneurship 2. Parallel control of a few business and limited diversification 3. Sequential control: Buy, build, selectively quit 4. From business to investment management expertise 5. Keeping control despite loser forms of family involvement 6. Multiple changing roles for family members 7. Performance of the total portfolio of family wealth 8. Self understand "we are family" |
