When Family Businesses Are Best The Parallel Planning Process for Family Harmony and Business Success

ISBN-10: 0230222625

ISBN-13: 9780230222625

Edition: 2010

Authors: Randel S. Carlock, John L. Ward

List price: $55.00
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Book details

List price: $55.00
Copyright year: 2010
Publisher: Palgrave Macmillan
Publication date: 10/14/2010
Binding: Hardcover
Pages: 272
Size: 6.25" wide x 9.50" long x 0.75" tall
Weight: 1.210
Language: English

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
Preface
Why Global Business Families Need Planning
Why Family Businesses Struggle
Farview Electronics to be Sold?
The Family Business Challenge
The Competitive Advantage of a Committed Business Family
The Lack of a Parallel Planning Process: The Bancroft Family Story
When Family Businesses are Best
Making the Parallel Family and Business Planning Process Work
Cargill: From Conflict to Competitive Advantage
The Benefits of Parallel Family and Business Planning
The Parallel Planning Process
A Parallel Planning Process User Guide
Creating Human Meaning
Family Values and Business Culture
Family Values and Business Performance
Family Values in Practice
Family Business Responsibility and Fairness
Identifying Your Family Values
Family Business Culture
When Family Businesses are Best
Family and Business Vision: Exploring Family Commitment
The Family Vision and Building Family Commitment
Legacy-Focused Vision
Business-Focused Vision
Family-Focused Vision
Drafting a Family Business Vision
Cargill: Balancing Family Values, Expectations, Investment, and Business Potential
Sustaining Family Commitment
An Asian Family's Struggle to Renew Commitment
When Family Businesses are Best
Strategies for the Family and Business
Family Strategy: Planning the Family's Participation
The Sinatra "Family Business"
The Advantages of Family Participation
Managing Generational Transitions
Family Ownership Roles
Family Leadership Roles
The Wates Group: Developing a Next-Generation Leadership Strategy
Family Participation as a Competitive Advantage
When Family Businesses are Best
Business Strategy: Planning for the Firm's Future
Understanding Business Planning
The Need for Family Business Planning
Developing Strategic Plans for Family Businesses
When Family Businesses are Best
Investing for Family Business Success
How Dow Jones was Starved of Investment
The Investment Dilemma
Business Capital Needs
Family Business Commitment and Ownership
When Family Businesses are Best
Family and Business Governance
Family Business Governance and the Role of the Board of Directors
The Challenges of Family Business Governance
The Evolution of Family Business Ownership
Parallel Family and Business Governance Activities
Effective Boards of Directors
The Board and the Parallel Planning Process
When Family Businesses are Best
Family Governance: Family Meetings and Agreements
Court Orders Liquidation for City Warehouse Firm
The Value of Family Governance
Understanding Family Conflict
Family Governance as a Tool for Conflict Prevention and Resolution
Family Meetings as a Tool for Participation and Building Trust
Family Agreements for Clarifying Rights and Responsibilities
The Family Council - Professionalizing Family Governance
Family Shareholder Agreements
From Family Businesses to Family Offices and Foundations
When Family Businesses are Best
Family Enterprise Stewardship
The Men and Women Who Plant Trees
From Planting to Planning
Stewardship as the Real Measure of Family Business Performance
The Competitive Advantage of Stewardship
Families Create Shared Success
Notes
Index
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