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Simple techniques to enhance the governance of a family business

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  • Enrique Antonio Yacuzzi
  • Roberto Fernando Minguillón

Abstract

The use of simple governance techniques at a hypothetical family business (called ABC) will be beneficial. Good governance leads to a better relationship among stakeholders, increases the effectiveness of family institutions and board work and activates unknown potential at the firm through better principles and practices. Tools proposed are: (1) A new and flexible family business governance indicator, developed for this paper; (2) Hoshin management; and (3) Effective meeting technology. The three techniques interact in a systemic mode. The indicator allows measurement of how family business governance evolves through time in a company and facilitates comparison between different companies´ governance. Most importantly, it is a checklist and roadmap to better governance. Hoshin management is a generic planning method that can be used to build a governance improvement plan. Effective meetings facilitate planning and control and in this sense they are a tool for governance improvement. This paper is mainly based on the following sources: IFC (2008), Yacuzzi (2005 b, 2007, 2008, 2012), Yacuzzi et al. (2011), Naiberger & Yacuzzi (2009). To an important extent, the paper´s organization is based on Yacuzzi (2012).

Suggested Citation

  • Enrique Antonio Yacuzzi & Roberto Fernando Minguillón, 2013. "Simple techniques to enhance the governance of a family business," CEMA Working Papers: Serie Documentos de Trabajo. 517, Universidad del CEMA, revised Sep 2014.
    • Handle: RePEc:cem:doctra:517
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    References listed on IDEAS

    as
    1. Enrique Yacuzzi, 2005. "La gestión HOSHIN: Modelos, aplicaciones, características distintivas," CEMA Working Papers: Serie Documentos de Trabajo. 316, Universidad del CEMA.
    2. Enrique Antonio Yacuzzi, 2012. "Japanese management techniques to enhance the governance of Greek small and medium-sized firms," CEMA Working Papers: Serie Documentos de Trabajo. 494, Universidad del CEMA.
    3. Rodolfo Apreda, 2003. "THE SEMANTICS OF GOVERNANCE. (The common thread running through corporate, public, and global governance.)," CEMA Working Papers: Serie Documentos de Trabajo. 245, Universidad del CEMA.
    4. Enrique Yacuzzi, 2007. "Diseño de un indicador de gobernancia para las pequeñas y medianas empresas," CEMA Working Papers: Serie Documentos de Trabajo. 365, Universidad del CEMA.
    5. Enrique Yacuzzi & Mauricio Naiberger, 2009. "Un sistema de reuniones eficaces: su aplicación en Tejedurías Naiberger," CEMA Working Papers: Serie Documentos de Trabajo. 400, Universidad del CEMA.
    6. Enrique Yacuzzi, 2005. "A primer on governance and performance in small and medium-sized enterprises," CEMA Working Papers: Serie Documentos de Trabajo. 293, Universidad del CEMA.
    7. Enrique Yacuzzi, 2008. "A governance indicator for small and medium-sized enterprises," CEMA Working Papers: Serie Documentos de Trabajo. 390, Universidad del CEMA.
    8. Enrique Yacuzzi & Enrique Arancio & Diego Alfonso & María Elena Esteche & Vanesa Niro, 2011. "Cómo realizar un plan hoshin: una aplicación. En Ssc. Telesí S.R.L. (Caso de Negocios 13)," CEMA Working Papers: Serie Documentos de Trabajo. 463, Universidad del CEMA.
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