Family Business Succession

Family Business Succession
Author: K. LeCouvie
Publisher: Springer
Total Pages: 207
Release: 2017-07-03
Genre: Business & Economics
ISBN: 1137280921

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The first ever comprehensive guide to family business succession planning. This book covers everything from what family business ownership is and how to structure ownership bylaws to business structure, leadership transition, and how a founder exits the business. Drawing on original research, case studies, and white papers, Family Business Succession is a thorough, complete, and "required reading" for every family member working in a family business.

Family Business Succession

Family Business Succession
Author: C. Aronoff
Publisher: Springer
Total Pages: 103
Release: 2017-06-30
Genre: Business & Economics
ISBN: 1137512083

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Helps to prepare for passing the family business on to the next generation. Leaders will learn how to create a succession plan; how to develop opportunities for succession candidates; how to build consensus with the family and leaders on succession plans and finally leaders will learn when and how to let go of their own role in the business.

The Lawyer's Guide to Family Business Succession Planning

The Lawyer's Guide to Family Business Succession Planning
Author: Gregory Monday
Publisher: American Bar Association
Total Pages: 188
Release: 2022-05-02
Genre: Law
ISBN: 9781641056915

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"This book provides lawyers with step-by-step guidance on how to lead family business owners through the succession planning process to produce a result that is tailored to the unique circumstances and objectives of the owners and their successors."--Back cover.

Myths and Mortals

Myths and Mortals
Author: Andrew Keyt
Publisher: John Wiley & Sons
Total Pages: 224
Release: 2015-07-07
Genre: Business & Economics
ISBN: 1118928962

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Establish credibility as the new family business leader Myths & Mortals, Family Business Leadership and Succession Planning provides insights and strategies for successors of family businesses. Successors often find themselves in the shadow of their parents making it difficult to establish credibility in the family business and tap into their own strengths. The stress of emulating a parent begins to clash with who they are and who they want to be as a leader. Written by internationally known business strategist and succession planning expert Andrew Keyt, this guide shows you how to establish credibility, take your place at the head of the table, and run your business your way. In groundbreaking research, Keyt interviewed more than 25 successors of family business legends including Massimo Ferragamo, Bill Wrigley Jr., Christie Hefner, and John Tyson to find out how they overcame the challenges successors commonly face.The analysis from that study formed the basis for the strategies presented here—to help you win the loyalty of those stuck in the old way of doing business, and still focused on their former leader's vision. You'll learn how to take charge without sacrificing your own leadership style, and how to get everyone on board with your vision for the business. Growing up in the shadow of legendary family business leaders creates a unique challenge for successors to the leadership position. You cannot remove the emotional power of family dynamics from the business, but you can change how you choose to react to it. To be successful, you need to create a sense of identity and credibility, and step out of the shadows of your forbears. This guide provides strategies for doing just that, so you can take the reins and be the effective leader your business needs. Overcome the obstacles successors commonly face Win over those still loyal to their former leader Build your own credibility, separate from your parents Develop your own leadership style and do business your way Credibility is elemental to business leadership, but establishing that credibility is the successor's biggest challenge. Myths & Mortals, Family Business Leadership and Succession Planning helps you plan around the obstacles and avoid common missteps so you can lead more effectively right out of the gate.

Generation to Generation

Generation to Generation
Author: Kelin E. Gersick
Publisher: Harvard Business Press
Total Pages: 316
Release: 1997
Genre: Business & Economics
ISBN: 087584555X

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Generation to Generation will help managers understand the special dynamics & challenges that family businesses face as they move through their life cycles. It explains how to handle succession, & the role of non-family professionals.

Harvard Business Review Family Business Handbook

Harvard Business Review Family Business Handbook
Author: Josh Baron
Publisher: Harvard Business Press
Total Pages: 231
Release: 2021-01-26
Genre: Business & Economics
ISBN: 1633699064

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Navigate the complex decisions and critical relationships necessary to create and sustain a healthy family business—and business family. Though "family business" may sound like it refers only to mom-and-pop shops, businesses owned by families are among the most significant and numerous in the world. But surprisingly few resources exist to help navigate the unique challenges you face when you share the executive suite, financial statements, and holidays. How do you make the right decisions, critical to the long-term survival of any business, with the added challenge of having to do so within the context of a family? The HBR Family Business Handbook brings you sophisticated guidance and practical advice from family business experts Josh Baron and Rob Lachenauer. Drawing on their decades-long experience working closely with a wide range of family businesses of all sizes around the world, the authors present proven methods and approaches for communicating effectively, managing conflict, building the right governance structures, and more. In the HBR Family Business Handbook you'll find: A new perspective on what makes family businesses succeed and fail A framework to help you make good decisions together Step-by-step guidance on managing change within your business family Key questions about wealth, unique to family businesses, that you can't afford to ignore Assessments to help you determine where you are—and where you want to go Stories of real companies, from Marchesi Antinori to Radio Flyer Chapter summaries you can use to reinforce what you've learned Keep this comprehensive guide with you to help you build, grow, and position your family business to thrive across generations. HBR Handbooks provide ambitious professionals with the frameworks, advice, and tools they need to excel in their careers. With step-by-step guidance, time-honed best practices, and real-life stories, each comprehensive volume helps you to stand out from the pack—whatever your role.

The Modern Family Business

The Modern Family Business
Author: L. Collins
Publisher: Springer
Total Pages: 142
Release: 2016-01-18
Genre: Business & Economics
ISBN: 113700133X

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Provides real world studies of the family in business, by observing typical firms rather than dynasties. It looks at how the nature of family business is changing in our times and provides insight into the lessons we can learn from this. The book focuses on the impact for the professional non-family manager.

Start Here

Start Here
Author: Sara B Stern
Publisher: Independently Published
Total Pages: 62
Release: 2019-02-21
Genre:
ISBN: 9781726710619

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Start Here: Family Business Succession gives you a step by step method to start your family business succession.

Secrets to Succession

Secrets to Succession
Author: Gerard Gust
Publisher: Gust Publishing
Total Pages: 204
Release: 2019-04-17
Genre:
ISBN: 9781999546007

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Many owners of family businesses dream of passing the torch to their next generation, but only about thirty percent will realize that goal. In Secrets to Succession, family business owner Gerard Gust opens the door to reveal how he and his father dodged the grim statistics to make sure their company would survive the transition. The key was finding a way to lead, govern, and work together as the lines between parent and child, boss and employee, were blurred, stressed, and tested. After working in his family business for almost twenty years, Gust gained an in-depth look at the dynamics of family relationships and the succession process. That knowledge inspired him to develop a strategy called the PIE method that shows exiting owner and successor how to increase their chances of a successful transition. As Gust journeys through that process, from challenge and setback to achievement and success, he reflects on his own experience with humour and honesty. Throughout he offers practical advice to help current owners and successors navigate the struggles that family businesses face during a transition. Secrets to Succession is an indispensable guide to the inner workings of a successful family business transition from beginning to end.

The Routledge Companion to Asian Family Business

The Routledge Companion to Asian Family Business
Author: Ho-Don Yan
Publisher: Routledge
Total Pages: 490
Release: 2021-04-27
Genre: Business & Economics
ISBN: 1000374645

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This companion provides broad and in-depth insights into family business in Asia and how Asian family firms navigate in the digital economy. The first part of the book looks at key concepts of family business while the second part presents Asian family firms’ cases from Japan, South Korea, China, Taiwan, Hong Kong, Thailand, Malaysia and other Asian economies. This comprehensive reference will help readers understand how family firms in Asia compete and survive in the world market especially in the digital age and why and how Asian economies can emerge as one of the most dynamic regions in the world.