Stephen L. McClure’s scientific contributions

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Publications (21)


Family Business Ownership: How to Be an Effective Shareholder
  • Article

January 2011

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455 Reads

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42 Citations

Craig E. Aronoff

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John L. Ward

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Stephen L. McClure

Ownership in a family business can be a rewarding and important role. It means stewardship, protection and nurturing the family business. As a guide for shareholders, this book will developing understanding and insight into the role of becoming more valuable as an owner, not just financially, but intellectually and emotionally as well. It aims to provide the philosophical foundation that will support the decisions owners make about technical and legal issues and to help all shareholders understand how to be constructive in their roles. Ownership ought to be an interesting, challenging, profitable, and spiritually enriching experience.





Implementing Succession

January 2011

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2 Reads

A succession process isn’t complete until the transition from one leader to the next has actually taken place. How a family business “gets from here to there” requires forethought, tact, and the ability to ease the fears of those affected by the change of leadership. And both outgoing CEO and successor will have to be deeply involved during this stage of the process.


The Evolving Roles of Leader and Successor

January 2011

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5 Reads

There are five common ways for a family business leader to leave a company in the hands of a successor. Each represents one model of the transition of management control from a CEO to a successor, and we have our own special names for them: 1. Cold Turkey 2. Delay and Delay and… 3. Here, Gone, Here, Gone… 4. Gradual/Progressive 5. Non-family CEO






Citations (6)


... Partager la direction d'une entreprise en fonction de ses goûts, compétences et savoir-faire a du sens (Heenan & Bennis, 1999). Le sujet renvoie cependant à l'identification des facteurs améliorant la probabilité de réussite d'une direction partagée, dans la mesure où cette approche collective s'inscrit dans la durée (O'Toole et al., 2002 Les trois approches présentées dans le tableau 1 amènent à des situations très différentes mais soulèvent une question commune relative à l'équité (Ayres & Lansberg, 1989;Aronoff & Ward, 1992;Nicholson & Bjönberg, 2008) entre frères et soeurs : est-il juste de partager la propriété entre tous les enfants, dans le cas où l'un d'entre eux travaille dans l'entreprise depuis plus longtemps que les autres ? Cette interrogation nous guide, et dans un souci d'homogénéité, nous ne retenons que les cas de figure dans lesquels les membres de la fratrie se partagent de manière égale la propriété de l'entreprise (première colonne du tableau 1). ...

Reference:

PME familiales québécoises : Impact des parties prenantes externes à la famille dans les co-successions en fratrie
Introduction: The Final Test of Greatness
  • Citing Chapter
  • January 2011

... Up to 1/3 of family businesses are ready and able to make quick decisions that require a sudden change in the management structure or ownership of the company (KPMG 2017). Every family business owner who wants to entrust their business to the next generation in the future needs to have their own succession plan (Ward 2019). Although a plan needs to be developed, many companies do not plan for succession (Sharma et al. 2003). ...

Family Business Succession
  • Citing Book
  • January 2011

... The article contributes to the literature on family policy change in at least two ways. First, it points at the importance of politics, and the highly contested nature of family and care policy (Tyyskä, 1995;Zimmerman, 1995Zimmerman, , 2011. In order to understand how policies come to be, and how they are renegotiated, we need to investigate how such underlying principles are politicized, contested and (re)framed in political discourses (Schmidt, 2002). ...

Understanding Family Tensions
  • Citing Chapter
  • January 2011

... Michiels (2017) argues that the compensation problem is at the center of HR problems in family firms and scholars should pay attention to this problem. According to Aronoff et al. (2011), compensation issues, particularly those for non-family managers are the second biggest issue in family firms after succession. In addition to that, a professional compensation system is important for family firms for two main reasons. ...

Family Business Compensation
  • Citing Article
  • December 2010

... Different types of hierarchical inconsistencies might be associated with different daily job dynamics of nonfamily executives. For instance, hierarchical inconsistency between a parent and a child sometimes implies succession, and nonfamily executives might spend lots of time and energy facilitating the succession by mentoring the young successor and balancing the interests of different stakeholders during the turbulent transition period (Aronoff, McClure, & Ward, 2003;Michel & Kammerlander, 2015). In contrast, managers working in firms with hierarchical inconsistency between siblings might be less likely to focus on such responsibilities. ...

Family Business Succession: The Final Test of Greatness
  • Citing Article
  • December 2010

... Because of their inherent diversity, it is also impossible to provide a simple concept of a family company (Pan et al., 2016;Peruzzi, 2017). In these organizations, family values and their roots are of considerable value, and younger generations have continued to stay loyal to the way their family conducts business (Zahra, 2003;Aronoff et al., 2016). These dimensions are vital because the family's history and values are preserved unchanged and become a practice that anchors decision-making. ...

Family Business Ownership: How to Be an Effective Shareholder
  • Citing Article
  • January 2011