When Family Businesses are Best

When Family Businesses are Best
Author: R. Carlock
Publisher: Springer
Total Pages: 322
Release: 2010-10-14
Genre: Business & Economics
ISBN: 0230294510

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The authors explore how effective planning and communication helps business families around the world address growth challenges as they strive to become high performing multi-generation family enterprises. This book shows family businesses working together at their best.

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.

Keep the Family Baggage Out of the Family Business

Keep the Family Baggage Out of the Family Business
Author: Quentin J Fleming
Publisher: Simon and Schuster
Total Pages: 340
Release: 2000-02-29
Genre: Business & Economics
ISBN: 0684856042

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Exploring both the psychological and practical underpinnings of family businesses, an experienced management consultant presents invaluable advice on minimizing conflicts and maximizing business success. Charts.

Perpetuating the Family Business

Perpetuating the Family Business
Author: J. Ward
Publisher: Palgrave Macmillan
Total Pages: 178
Release: 2004-02-13
Genre: Business & Economics
ISBN: 9781403933973

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John L. Ward is a leading world expert on the family business. In this book he brings together a vast amount of experience to show the, 'best practices' of the most successful and long-lasting families in business. He provides a framework of five insights and four principles in which to position his 50 lessons for family businesses. This is the most comprehensive book on sustaining the family business and contains international examples and cases and essential tools and checklists of best practice.

Family Business Succession

Family Business Succession
Author: K. LeCouvie
Publisher: Springer
Total Pages: 213
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.

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.

Family Business Governance

Family Business Governance
Author: John L. Ward
Publisher: Macmillan
Total Pages: 106
Release: 2011-01-04
Genre: Business & Economics
ISBN: 0230116019

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While every family business is unique, embracing systematic governance processes can help any family business achieve goals shared by virtually all: orderly decision-making, peaceful continuity, and the freedom to make decisions based on the highest and best purposes of both the business and the family.

Building a Successful Family Business Board

Building a Successful Family Business Board
Author: J. Pendergast
Publisher: Springer
Total Pages: 267
Release: 2011-03-08
Genre: Business & Economics
ISBN: 1137511710

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In Building a Successful Family Business Board , the authors show why private firms need the in-depth expertise and objective feedback that a well-chosen board, including qualified independent directors, can provide, and demonstrates how owners and directors can work together to ensure a long and profitable life for the firm.

Strategic Planning for The Family Business

Strategic Planning for The Family Business
Author: R. Carlock
Publisher: Springer
Total Pages: 289
Release: 2001-01-29
Genre: Business & Economics
ISBN: 0230508758

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Family business planning has traditionally centered on two issues - estate planning and succession. These goals are far too limited for today's family firm. Business families want to turn the business into not only a tool for profit, but for self-expression, innovation and legacy. The authors introduce the new concept of the Parallel Planning Process, explaining how to integrate the needs and expectations of the family and business systems in order to create an organic and entrepreneurial unit. Planning and decision making templates are included as well as studies of well-known family businesses.

9 Elements of Family Business Success: A Proven Formula for Improving Leadership & Realtionships in Family Businesses

9 Elements of Family Business Success: A Proven Formula for Improving Leadership & Realtionships in Family Businesses
Author: Allen Fishman
Publisher: Mcgraw-hill
Total Pages: 304
Release: 2008-09-12
Genre: Business & Economics
ISBN: 9780071548410

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Running a family business is like running any other business--with the addition of many extra challenges. A family-owned enterprise involves unique management, compensation, hiring, and other business issues regarding family member employees. 9 Elements of Family Business Success addresses the specific challenges faced by owners of family businesses, and it shows family members employed in the business how to enjoy their positions while helping the organization reach its highest potential. Every relationship between family members comes with its own unique set of dynamics. When transferred into the workplace, these dynamics introduce emotional factors and hot buttons that can make or break the business. In this comprehensive guide, Allen E. Fishman spotlights all the challenges such organizations face and provides practical advice for creating your own strategy to meet them--and strengthen relationships within the family, as well. Fishman provides solutions to the problems unique to a family-run business, along with handy checklists to ensure you're covering all the angles. You'll learn how to: Create a written policy for hiring, reviewing, and terminating family member employees Avoid family relationship tension regarding compensation Choose a successor and create a succession development plan Ensure good results-driven family communication and dynamics Maintain healthy spousal relations when you work together Recruit and retain talented non-family member employees 9 Elements of Family Business Success contains detailed case studies of specific challenges faced by real family business owners and employees. Each one explains how the owner or employee identified the problem and the steps he or she took to solve it. Apply Fishman's advice, and you'll experience all the benefits and avoid the pitfalls that come with running a family business.