Name: Saudi Family-Owned Businesses Generational Survival: Transforming Saudi Family Businesses for the Future
SKU: 75123

Product Details ＋

Title: Saudi Family-Owned Businesses Generational Survival
Subtitle: Transforming Saudi Family Businesses for the Future
Subject Classification: Business and Management. Corporate Governance. Economics and Finance
BIC Classification: KJ. KJR. KF
BISAC Classification: BUS025000. SOC008070. BUS041000
Binding: Hardback. eBook
Publication date: 27 Feb 2025
ISBN (Hardback): 978-1-83711-127-5
ISBN (eBook): 978-1-83711-128-2

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Description

Saudi Family-Owned Businesses Generational Survival explores the intricate dynamics of family-owned businesses (FOBs) within the Kingdom of Saudi Arabia. a critical pillar of the global economy. While FOBs contribute over 70% of the global GDP and employ more than half the global workforce. they face unique challenges. particularly in achieving generational continuity. Only 30% of FOBs survive into the second generation. with rates plummeting to 12% by the third and less than 5% beyond the fourth.

This book addresses these challenges. offering actionable insights based on robust frameworks like Professor John Davis's Three-Circle Model and the Family Enterprise Sustainability Framework. It emphasizes the need for institutionalization a structured transformation process designed to safeguard family legacies while enhancing governance. leadership. and strategic alignment.

Through detailed case analyses of Saudi FOBs. the book presents a step-by-step institutionalization plan. It begins by laying a solid foundation rooted in shared vision and values. progresses to building governance capacity and engagement. and culminates in designing and implementing robust governance structures. Key practices. including family councils. succession planning. and performance metrics. are explored to ensure continuity and adaptability in a rapidly evolving business landscape.

The book is an essential guide for families seeking to transform their enterprises into resilient. future-ready institutions. and a useful reference for researchers and students of family-owned businesses. entrepreneurship. and the economies of the Middle East.