Perpetuating the Family Business 50 Lessons Learned from Long Lasting, Successful Families in Business

ISBN-10: 1403933979
ISBN-13: 9781403933973
Edition: 2004 (Revised)
List price: $41.00 Buy it from $13.11
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Description: Perpetuating the Family Business 50 Lessons Learned from Long-Lasting, Successful Families in Business John L. Ward A comprehensive guide to sustaining a family business based on the practices of the world's most successful family empires ohn L.  More...

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Book details

List price: $41.00
Copyright year: 2004
Publisher: Palgrave Macmillan
Publication date: 2/13/2004
Binding: Hardcover
Pages: 178
Size: 6.50" wide x 9.50" long x 0.75" tall
Weight: 1.210
Language: English

Perpetuating the Family Business 50 Lessons Learned from Long-Lasting, Successful Families in Business John L. Ward A comprehensive guide to sustaining a family business based on the practices of the world's most successful family empires ohn L. Ward, a leading world expert on family business, offers the best practices of the most successful and long-lasting families in business. The book provides a framework for the creation of a successful business comprised of five insights and four basic principles for a strong foundation. Ward fills in this foundation with fifty lessons that he has learned from working with and studying family businesses that he believes will be crucial for success. These include: -Irrevocable retirement -Impersonal ownership -Voluntary accountability -Family education -Principle of merit -Family leadership succession -Inclusion of non-family executives -Synthesis of values -Spirit of enterprise -Family mission statement -Flexible dividend policies. Ward provides the reader with a reliable, tested blueprint for the development, management, and continuation of a suc-cessful family business. John L. Ward is founder of the Family Business Consulting Group International, and Professor and Director, Kellogg School Center of Family Enterprises, Northwestern University. He lives in Evanston, Illinois. Business & Finance 1-4039-3397-9 $29.95 $44.95 Canadian 61 /8 " x 91 /4 " / 256 pages Includes 3 b&w illustrations Palgrave Macmillan June

Craig E. Aronoffis Co-founder, Principal, and Chairman of the Board, of The Family Business Consulting Group, Inc. He is a leading consultant, speaker, writer, and educator in the family business field.  Aronoff is perhaps the most prolific writer in the family business field.  As the founder of the Cox Family Enterprise Center and current Professor Emeritus at Kennesaw State University in Marietta, GA, Aronoff invented and implemented the membership-based, professional-service-provider sponsored Family Business Forum, which has served as a model of family business education universities world-wide. He has held the Dinos Eminent Scholar Distinguished Chair of Private Enterprise and was a professor of management in Kennesaw State's Coles College of Business.  The Aronoff Professorship of Family Business at Kennesaw State University was named in his honor.Joseph H. Astrachanis a Principal in the Family Business Consulting Group, Wachovia Eminent Scholar Chair of Family Business, Professor of Learning and Professional Development, and Director of the Cox Family Enterprise Center at the Coles College of Business, Kennesaw State University.  In addition he is Distinguished Research Chair of Family Business at Loyola University Chicago’s Business School.  Internationally-known for his expertise in family business, he serves on the Corporate Boards of Beaulieu of America, Foley Equipment Company, Banner Properties, All Medical Personnel, and Devin Properties.  He is editor ofFamily Business Review, a scholarly publication of the Family Firm Institute (FFI) of which he is a former board member. Astrachan received the Richard Beckhard award, which is the Family Firm Institute’s highest honor for contributions to the field of family business, and the International Family Business Program Association’s Lifetime Achievement in Research Award.  John L. Wardis Co-founder of the Family Business Consulting Group Inc. He is Clinical Professor at the Kellogg School of Management and teaches strategic management, business leadership and family enterprise continuity. Ward is the author or co-author of several leading texts on family business,Keeping the Family Business Healthy,Creating Effective Boards for Private Enterprises,Strategic Planning for the Family Business,Perpetuating the Family Business,Unconventional WisdomandFamily Business Key Issues. He is also an author of a collection known as The Family Business Leadership Series, each focusing on specific issues family businesses face.

List of Figures
List of Tables
Acknowledgments
Author's Note
Frameworks for Family Businesses that Last
The Ultimate Management Challenge
The Five Insights and The Four P's
A Vision for the Future
The Lessons
Stage I: The Owner-Managed Business
Stage II: The Sibling Partnership
Stage III: The Cousin Collaboration
Taking the Longest View
The Lessons at a Glance
Integrating the Lessons
A Family Business Checklist
Notes
Bibliography
Index

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