Family Business Key Issues

ISBN-10: 1403947759

ISBN-13: 9781403947758

Edition: 2004

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Description:

The family business has been the most prevalent and pervasive form of business in many countries and raises particular questions concerning succession and governance and in particular the relationships between management, board members and family members. This book is a collection of articles by leading thinkers and practitioners on the family business which covers such issues as assuring a healthy family business, family strategy, governance and succession.
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Book details

List price: $46.00
Copyright year: 2004
Publisher: Palgrave Macmillan
Publication date: 7/8/2005
Binding: Paperback
Pages: 160
Size: 6.00" wide x 9.00" long x 0.25" tall
Weight: 0.396
Language: English

RANDEL S. CARLOCK is the first Berghmans Lhoist Chaired Professor in Entrepreneurial Leadership at INSEAD and the Opus Endowed Professor of Family Enterprise at the University of St. Thomas in Minneapolis. He has over 20 years of executive and CEO experience and has completed postgraduate certification in family and marriage therapy. JOHN L. WARD is the Wild Group Professor of Family Business at IMD, Clinical Professor and Director of the Kellogg School Center of Family Enterprises, Northwestern University and founder of the Family Business Consulting Group International. He is recognized as one of the world's leading authorities on the family business.

Craig E. Aronoff is 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.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 illustrations
Authors' note
Acknowledgments
Forewords
Wanda Ferragamo, Salvatore Ferragamo SpA
Thierry Lombard, Lombard Odier Darier Hentsch & Cie
Andre Hoffmann, Roche Holding AG
Introduction and models
The fundamental dilemma
Three circles
Stages of ownership
Family genogram
Family business vision
Conclusion
Assuring a healthy business
Business strategy
Employment
Compensation
Shareholder liquidity
Conclusion
Family
Family strategy
Communication and conflict management strategies
Integrated planning: family protocols/constitutions
The importance of family and business governance
Business governance
Family governance
The relationship between business governance and family governance
Conclusion
Succession
Succession is a process
Preparing for succession
The "hot phase" of succession
Post succession
Ownership succession alternatives
Leadership choice
Summary
Conclusion
Postface
Practical tools
A few useful contacts
Recommended books, articles, and publications
Index
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