Most people have a straightforward vision of the perfect family business. First, they hope for continued strengthening of the company's financial and market position so it can support the lifestyle and needs of family members, from generation to generation. Secondly, they wish for family harmony.
But life gets in the way. Sometimes family members' short-term or individual needs can overwhelm the needs of the business. In other cases, family members strongly disagree on the strategic direction, or even on the day-to-day management of the business. These family conflicts, when acted out on the stage of the family controlled enterprise, can seem insurmountable.
This new book is a follow up companion guide to Family Enterprises: How to Build Growth, Family Control and Family Harmony. The first volume features chapters written and edited by experts from many disciplines and located across the globe to provide the architecture for enduring, continuing family controlled enterprises.
This second volume is intended to provide sustenance to those stakeholders committed to the core objectives presented in the title to the first book. It addresses ongoing issues facing both family shareholder control groups and the enterprises they control that surface in ongoing, mature, successful endeavours.
The audience for this book is the owners, directors, managers of, and advisers to, family-controlled enterprises and the families that control them. It assumes that such enterprises have been launched - or at least renewed - as expressly family controlled businesses, or other enterprises.
Sprache
Verlagsort
Verlagsgruppe
Globe Law and Business Ltd
Zielgruppe
Editions-Typ
Dateigröße
ISBN-13
978-1-78742-057-1 (9781787420571)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Klassifikation
Preface 5
Richard L Narva
Narva & Company LLC
Part I. Understanding the power and constraints of family issues in family enterprises
Managing intergenerational expectations, responsibilities and relationships in a family enterprise 7
Emily F Abrams
Narva & Company LLC
Louis Turchetta
Strategic Psychological Services
Family values: the soul of family business 15
Thomas Hubler
Hubler for Business Families Inc
Culture and ethnicity in family enterprises 25
Everett Moitoza
Moitoza Consulting
Crossing cultural boundaries: the duties of Chinese successors to their family controlled enterprises 45
Anna Xia
Market Ignition Group & Advisory LLC
Ushering out a family business founder who doesn't want to leave 57
Christian W Dame
Interim Executive Solutions LLC
Part II. Building the ability to lead family controlled enterprises
Optimising the advent of non-family executive management in family firms 63
George P Bukuras
Milestone Business Advisors LLC
Transformation and tradition: transitioning to a non-family leader at the family firm 77
Roger Patkin
Next Generation Group
Family governance: questions and answers 93
Daisy Medici
GenSpring Family Offices
Awareness and action: transforming a family business via family enterprise and vertical leadership 105
Greg McCann
McCann & Associates
Leading from the self 121
Robert Goodman
RGoodman Associates LLC
Creating a strong leadership team 137
Ann Lindsey
Lindsey Leadership Consulting
Part III. Solving problems of sustainability
Mediating family business disputes: a primer for clients, family business advisers and other professionals 147
David A Hoffman
Boston Law Collaborative LLC
Family business turnarounds: non-financial fixes are the key 163
Gerald Sherman
Pathway Advisors LLC
Family enterprise guide to major mental illness 181
Eugene J Fierman
Commonwealth Medical Psychiatry Associates
Janet B Fierman
Sheehan Phinney Bass & Green PA
Assessing going-concern risk in family enterprises 199
Patricia A Frishkoff
Leadership In Family Enterprise LLC
Special issues in strategic planning in family controlled enterprises 211
Julian E Lange
Babson College
Mindfulness and the management of family business stress 221
Thomas Hubler
Hubler for Business Families Inc
Part IV
Afterword 229
Richard L Narva
Narva & Company LLC
About the authors 233
