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

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ISBN-10: 0230222625

ISBN-13: 9780230222625

Edition: 2010

Authors: Randel S. Carlock, John L. Ward

List price: $64.99
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Book details

List price: $64.99
Copyright year: 2010
Publisher: Palgrave Macmillan Limited
Publication date: 10/14/2010
Binding: Hardcover
Pages: 272
Size: 6.37" wide x 9.56" long x 0.82" tall
Weight: 1.210

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…    

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