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Your Family, Inc Practical Tips for Building a Healthy Family Business

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ISBN-10: 0789008971

ISBN-13: 9780789008978

Edition: 1999

Authors: Ellen Frankenberg, Florence Kaslow, Terry S. Trepper

List price: $71.95
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Description:

Containing unique and valuable hints for building a better business, this book uses specific examples designed for different situations. Filled with suggestions and proven advice, this important guide offers valuable ideas on deciding which family members should control stock, who should first work in another company to gain experience, how to determine which individuals should make business decisions, and much more. Book jacket.
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Book details

List price: $71.95
Copyright year: 1999
Publisher: Routledge
Publication date: 8/25/1999
Binding: Paperback
Pages: 128
Size: 6.00" wide x 8.50" long x 0.50" tall
Weight: 0.484
Language: English

Introduction
The Geometry of a Healthy Family
Recognize When You're Caught in a Family Triangle
Name Your Family's Norms
You May Be a "Here-and-Now" Kind of Guy, but Your Emotions May Be Caught in the Past
Sometimes Everyday Relationships Become Familiar
In a Family Firm, Your Father's Voice May Really Be the CEO's Voice
Qualify Yourself, so You Stand on Your Own Credentials
If You Plan to Work in the Family Firm, Get Out of Town
When You're in the Family Circle, Respect Its Boundaries
Keep Your Business Out of the Family Party
Consensus, Consensus, Consensus
Your Company Will Turn Out to Be a Triangle
Know Which Hat You Are Wearing: The Business Hat or the Family Hat
Recognize When You're Being Asked to Respond As a Family Member and When You're Not
Know What's Inside Your Family Circle
Know What's Inside Your Business Circle
Develop Strategies to Keep the Family Firm Accountable
Business Decisions Need to Be Made for Business Reasons
The Priorities of the Family and the Priorities of the Business Are Opposites
Ownership Has Its Privileges, and Its Hazards...
Ownership in a Family Firm Is a Job Too; Doing It Right Can Mean the Difference Between Disaster and Success
Before Transmitting Stock, Think It Over Twice: Would I Want This Relative Making Decisions About My Future Livelihood?
Ownership in a Family Firm Means Learning How to Build Consensus, Consensus, Consensus
As an Owner, Take the Long View
The Key to Healthy Ownership of the Family Firm Is the Same As the Key to Any Significant Investment: Information, Information, Information
If You Build a Family Forum, They Will Come
Develop Criteria for Future Leadership in Advance
Each Generation Must Reinvent the Company Through Innovation, Innovation, Innovation
Competition in the Family Firm: Sibling Rivalry
Sibling Relationships Are the Longest in Our Lives and Have Great Power Within the Family Firm
More Than 85 Percent of Family Firms Do Not Survive the Third Generation
Birth Order Often Defines Sibling Relationships
Monarchy Was Rejected by the United States, but Not by All Family Firms
Birth Order Outweighs Gender As a Differentiating Factor in Defining Leadership Styles
Develop Practical Strategies for Managing Rivalry in the Family Firm
Preparing Your Daughter to Become CEO
Messages from You Will Shape Your Daughter's Dreams
Support the Development of All Her Talents
Offer Specific Compliments to Reinforce Real Accomplishments
Encourage Her to Take Risks, According to Her Age and Skills
Help Her Define Realistic Goals
Give Your Daughter Equal Air Time
Ask Her About Her Dreams of Greatness
Let Her Know That Her Capacity for Empathy and Consensus Building Are Valued Assets
During the Twentieth Century, Women Have Become a New Species
The Family Firm Can Become a Lab for "Family-Friendly" Practices
Partners in Business, Partners in Marriage
Happily Married Couples Have Separated from Their Families of Origin
Happily Married Couples Build Both Togetherness and Autonomy
Happily Married Couples Become Parents
Happily Married Couples Cope with Crises Together
Happily Married Couples Make a Safe Place for Resolving Conflict
Create Time and Space for Sex and Romance
Happily Married Couples Share Laughter and Common Interests
Happily Married Couples Create and Re-Create a Positive Emotional Bond
Preserve a Shared Vision
Not to Decide Is to Decide: Decision Making in the Family Firm
Focus on the Not Urgent, but Important
Develop a Family Forum
Develop a Family Strategic Plan to Complement the Business Strategic Plan
Easy Gifts and Easy Hires Can Lead to Hard Times for the Family Firm
Develop a Family Mission Statement
Recognize the Power of Your Family's Sayings
Each Generation Has to Redefine the Family Mission
Continue to Define Core Values for Children with Great Wealth
Discuss Together the Possible Elements of a Strategic Family Plan
Standards of Success in Family Firms
Write Down a List of Standards Against Which You Evaluate Your Firm
Develop a Board of Advisors Tailored to Your Family Firm
The Best Strategy Is to Develop Your Own Strategic Plan
Family Assets Remain Part of the Balance Sheet in Any Major Decision
Develop a Method to Measure Family Member Assets
Build Consensus Together, Based on Your Family Members' Values
The Process of Building Consensus Can Bring the Family Together
Sometimes, All the King's Horses and All the King's Men Can't Put the Family Company Together Again
At the End of Life, Recognize Your Own Capacity for Love and Work, and the Ways Your Family and Your Business Have Enriched Each Other
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