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.
See also Founder change-inhibiting characteristics of 15 change-promoting characteristics in, 16 family and business perspectives of 1 financial independence of, 38 Packaging, 22 Parent generation, 39 Patient capital, 55 Peers, ...
This book shows family businesses working together at their best.
Family-owned businesses are a predominant form of business organization in the United States, yet such businesses tend to have relatively short life spans, often limited to the working life of...
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.
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.
The Handbook of Research on the Strategic Management of Family Businesses provides emerging research that covers how strategic management in the family business has been developed and identifies the objectives that sustain this strategic ...
Authors Aronoff and Ward help leaders discover their own values and then they provide ways to infuse these values into the fabric of their business for generations to come.
Healthy growth is critical to the future of any business - too many rash decisions can lead to the demise of a family business.
Preparing Your Family Business for Strategic Change
... Borrowed From Your Grandchildren: The Evolution of 100-Year Family Enterprises. Copyright © 2020 John Wiley & Sons, Inc. Reprinted with permission of John Wiley & Sons, Inc. FIGURE 11.1 Evolving Family Governance Practices Over ...