Perpetuating the Family Business

50 Lessons Learned From Long Lasting, Successful Families in Business

Author: J. Ward

Publisher: Springer

ISBN: 0230505996

Category: Business & Economics

Page: 178

View: 5193

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.
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Perpetuating the Family Business

50 Lessons Learned From Long Lasting, Successful Families in Business

Author: J. Ward

Publisher: Palgrave Macmillan

ISBN: 9781403933973

Category: Business & Economics

Page: 178

View: 1164

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.
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Perpetuating the Family Business

50 Lessons Learned from Long Lasting, Successful Families in Business

Author: Craig E Aronoff

Publisher: Palgrave Macmillan

ISBN: 0230578233

Category: Business & Economics

Page: 256

View: 2245

John L. Ward, a leading world expert on family business, offers the best practices of the most successful and long-lasting families in business, including Ford Motors, Marriott Hotels, Levi-Strauss, and the New York Times. He provides a framework of five insights and four principles in which to position his fifty "lessons learned" for family business longevity. This is a comprehensive book on sustaining family businesses that contains international examples, cases, essential tools, and checklists of best practices; a how-to every entrepreneur should have.
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Building a Successful Family Business Board

A Guide for Leaders, Directors, and Families

Author: J. Pendergast,J. Ward,Stephanie Brun de Pontet

Publisher: Springer

ISBN: 1137511710

Category: Business & Economics

Page: 263

View: 9674

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.
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Family Business as Paradox

Author: A. Schuman,S. Stutz,J. Ward

Publisher: Springer

ISBN: 0230291767

Category: Business & Economics

Page: 210

View: 8214

Rather than having to choose between the family and the business, the authors argue that if family-owned businesses can consciously manage and over time, perhaps, synthesize these contradictions, the Family Enterprise will have a long-term strategic and competitive advantage and the family will remain committed to continuity.
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Strategic Planning for The Family Business

Parallel Planning to Unify the Family and Business

Author: R. Carlock,J. Ward

Publisher: Springer

ISBN: 0230508758

Category: Business & Economics

Page: 270

View: 8358

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.
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Generation to Generation

Life Cycles of the Family Business

Author: Kelin E.. Gersick,Kelin E. Gersick,John A. Davis,Emilian Pasca Noether Chair in Modern Italian History John a Davis,Marion McCollom Hampton,Ivan Lansberg

Publisher: Harvard Business Press

ISBN: 087584555X

Category: Business & Economics

Page: 302

View: 4901

Examines the structure and management of family-owned businesses, from small companies to multinational conglomerates, discussing how they differ from public companies and how they move through generational changes in leadership
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Keep the Family Baggage Out of the Family Business

Avoiding the Seven Deadly Sins That Destroy Family Businesses

Author: Quentin J Fleming

Publisher: Simon and Schuster

ISBN: 0684856042

Category: Business & Economics

Page: 332

View: 339

Discusses the advantages and disadvantages of running a family business, and describes the special problems that can confront them
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Exploring Inspiration Economy

Author: Mohamed Buheji,Dunya Ahmed

Publisher: AuthorHouse

ISBN: 154629211X

Category: Business & Economics

Page: 304

View: 6459

Behavioral Economics and Intrinsic power socio-economic theories have been developing rapidly in the last few years with its more differentiated live labs applications that are influencing the quality of life and the development of many communities. This edited book is a collection of published papers and articles in different peer-reviewed journals and conferences. The idea behind this work is to show and follow the progress of one of the new coming behavioral economy fields that is Inspiration Economy, a rapidly developing socioeconomic concept that might create a differentiated outcome in the coming years. It is a reference book for those interested in understanding how Inspiration Economy labs, currency, problem solving, differential diagnosis and complex models work. The papers show the relation also between Inspiration Economy and the supporting coming economies as Youth Economy and Resilience Economy and how they address foresighted needs in unique ways. The opportunities developed in the chapters of the book show how much we humans can change positively the fate of humanity, if we realise, discover and capitalize on the opportunities around us in effective creative ways.
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When Family Businesses are Best

The Parallel Planning Process for Family Harmony and Business Success

Author: Randel S. Carlock,John L. Ward

Publisher: Palgrave Macmillan

ISBN: 0230222625

Category: Business & Economics

Page: 246

View: 3214

This book shows family businesses working together at their best and explores how effective planning and communication help business families grow and become sucessful enterprises
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Family Business on the Couch

A Psychological Perspective

Author: Manfred F. R. Kets de Vries,Randel S. Carlock

Publisher: John Wiley & Sons

ISBN: 0470687479

Category: Business & Economics

Page: 324

View: 4453

The challenge faced by family businesses and their stakeholders, is to recognise the issues that they face, understand how to develop strategies to address them and more importantly, to create narratives, or family stories that explain the emotional dimension of the issues to the family. The most intractable family business issues are not the business problems the organisation faces, but the emotional issues that compound them. Applying psychodynamic concepts will help to explain behaviour and will enable the family to prepare for life cycle transitions and other issues that may arise. Here is a new understanding and a broader perspective on the human dynamics of family firms with two complementary frameworks, psychodynamic and family systematic, to help make sense of family-run organisations. Although this book includes a conceptual section, it is first and foremost a practical book about the real world issues faced by business families. The book begins by demonstrating that many years of achievement through generations can be destroyed by the next, if the family fails to address the psychological issues they face. By exploring cases from famous and less well known family businesses across the world, the authors discuss entrepreneurs, the entrepreneurial family and the lifecycles of the individual and the organisation. They go on to show how companies going through change and transition can avoid the pitfalls that endanger both family and company. The authors then apply tools that will help family businesses in transition and offer their analyses and conclusions. Readers should draw their own conclusions from careful examination of the cases, identifying the problems or dilemmas faced and the options for improved business performance and family relationships. They should ask what they might have done in the given situation and what new insight into individual or family behaviour each case offers. The goal is to avoid a bitter ending.
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The Family Constitution

Agreements to Secure and Perpetuate Your Family and Your Business

Author: Daniela Montemerlo,John L. Ward

Publisher: Macmillan

ISBN: 0230116213

Category: Business & Economics

Page: 116

View: 9819

The family agreement is becoming a prime objective to a successful family business. Designed for families planning to draft such an agreement, families deciding whether or not to begin the process, and those that have already established a family agreement, this book illustrates the fundamental components and their importance to the success of the family business. A family agreement or constitution is the expression of purpose for the continuity of the business and the process of creating one is just as important.
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Managing the Family Business

Theory and Practice

Author: Thomas Zellweger

Publisher: Edward Elgar Publishing

ISBN: 1783470712

Category: Business & Economics

Page: 544

View: 7418

This innovative textbook covers the most important managerial challenges facing family businesses. It is research-based and includes theory and practice along with concepts, cases and reflection questions to illustrate the key topics.
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Family Business Succession

The Final Test of Greatness

Author: C. Aronoff,S. McClure,J. Ward

Publisher: Springer

ISBN: 1137512083

Category: Business & Economics

Page: 104

View: 7784

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.
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Leading a Family Business: Best Practices for Long-Term Stewardship

Author: Justin B Craig Ph.D.,Ken Moores Ph.D.

Publisher: ABC-CLIO

ISBN: 1440855331

Category: Business & Economics

Page: 181

View: 3430

Based on insights from executives across the globe, this planning guide captures the unique challenges faced by leaders of a family business and presents an approach to help these operations survive and thrive across generations. • Includes insights from leaders of family businesses from all over the world • Describes important characteristics for leading family and business systems successfully • Features case vignettes showcasing the complex inner workings of family and business stewardship • Compares the homogeneity evident in non-family enterprises versus the heterogeneity of family enterprises • Discusses the differences between leadership in family enterprises and non-family enterprises
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Keeping the Family Business Healthy

How to Plan for Continuing Growth, Profitability, and Family Leadership

Author: J. Ward

Publisher: Springer

ISBN: 0230116124

Category: Business & Economics

Page: 286

View: 7133

Good planning is more than just thinking ahead; businesses need a strategic approach to ensuring their success. Keeping the Family Business Healthy provides readers with a guide to strategic thinking, including how to maintain growth, how to shape business direction, preparing for new leadership, and working with a large and diverse family base.
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Family Wars

Stories and Insights from Famous Family Business Feuds

Author: Grant Gordon,Nigel Nicholson

Publisher: Kogan Page Publishers

ISBN: 0749461837

Category: Business & Economics

Page: 304

View: 5098

Many of the world's most successful businesses are family owned. With this comes the threat of family bust-ups, sibling rivalry and petty jealousies. Family Wars takes you behind the scenes on a rollercoaster ride through the ups and downs of some of the biggest family-run companies in the world, showing how family in-fighting has threatened to bring about their downfall. Whether it's the Redstone's courtroom battles or the feud over Henry Ford's reluctance to let go of the reigns, the book reveals the origins, the extent and the final resolution of some of the most famous family feuds in recent history. Names you'll recognise include: the Gallo Family; the Guinness story; the Pathak family; and the Gucci family. An astonishing exposé of the way families do business and how arguments can threaten to blow a business apart, Family Wars also offers valuable advice on how such problems can be contained and solved.
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Dirty Little Secrets of Family Business

Ensuring Success from One Generation to the Next

Author: Henry Hutcheson

Publisher: Greenleaf Book Group

ISBN: 162634261X

Category: Business & Economics

Page: 232

View: 1206

If approximately 70 percent of all businesses are family businesses, and two out of three don’t survive to the next generation, what can you do to make sure your business will survive and thrive? Dirty Little Secrets of Family Business comes clean with much-needed info on nitty-gritty issues such as entitlement; letting employees (even family members) go when they just aren’t working out; compensation; including your kids in the business (when to bring them in, helping them move up, and prepping them to take over); shareholder agreements; selecting the next leader; deciding whether to keep the business or sell it; exit strategies for outgoing leaders; money matters; succession planning; communication; conflict resolution; establishing an effective board; and transitioning to the next generation. Readers can apply the numerous ideas and tips in this engaging guide to address any family business situation. Written for current and next-generation owners and utilizing multiple, firsthand stories of family business dos and don’ts, Dirty Little Secrets of Family Business gives you the top success strategies that you can use to build a better functioning family business. Acknowledging that every family is unique and a cookie-cutter approach is not the answer, experienced family business consultant Henry Hutcheson presents a deeper look at the underlying mechanics of what makes a family business work.
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The Family Council Handbook

How to Create, Run, and Maintain a Successful Family Business Council

Author: Christopher J. Eckrich,Stephen L. McClure

Publisher: Macmillan

ISBN: 113700052X

Category: Business & Economics

Page: 390

View: 1262

Just as a Board of Directors is a governance structure for shareholders, a Family Council oversees a family on everything from educating the family for their future responsibilities as owners to settling disputes within the family. Using the common term family council to refer to family governance, the book will be a practical manual for all business families seeking structure to manage how their family governs itself and relates to their business. The book will answer several basic questions: 1. What are the forms of structured family governance? 2. What purpose is served, and disasters avoided, by using structure like a family council? 3. How does one select the form of family council that is appropriate for the size, age and complexity of the business family? 4. How are family councils established and maintained, and how do they evolve?
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Family Enterprises

The Essentials

Author: Peter Leach

Publisher: Profile Books

ISBN: 1782832068

Category: Business & Economics

Page: 199

View: 3621

Family firms are to be found in every sector of commercial activity. Commitment, family values and pride in the business are typically their special strengths, yet they also face major challenges in reconciling the needs of the business with those of the family. Drawing on the author's extensive experience of working with and advising some of the world's most successful business families, this new and updated edition of Family Enterprises: The Essentials explains the pitfalls, tensions and competing demands that destroy too many family businesses. These problems can be avoided, and Peter Leach reveals the techniques and strategies needed to do so. Running a successful family business is always a huge challenge, but this book offers real insight and guidance on how to keep both business and family united and buoyant.
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