Preparing the next generation to inherit the family enterprise is the single most important determinant of a successful generational handoff. It depends significantly on both the senior generation and junior generation taking active roles in the preparation process. Specifically, what can each generation do to help develop the next generation? What does each generation want from the other throughout this journey? These and related questions have been discussed by families from around the world every year since 1997 at the Families in Business program at Harvard Business School. Next Generation Success offers a convenient summary of these rich conversations between senior and junior generation members regarding what each generation can do to help the next generation develop as effective managers, owners and family members. The perspectives of both generations are compared over a 10 year period. Included are Professor John Davis' candid letters to both generations offering wisdom on managing the challenges-and enjoying the rewards-of successfully transitioning the family enterprise to the next generation.
The future starts with the next minute in our life. The future is now and destiny. The future is seeing eternity. The quality of our future life depends on decisions made up to the present moment. Thus, the future becomes more important than the past and the present. The best life implies the best decision decisions today. None wants a better life and miserable living for his offspring. Thus, understanding the future is critical for generational success. It is paramount to understand principles that regulate a generation to leave a sustainable legacy to generations. Also, everyone needs to shape and demonstrate a reputable attitude underpinning generational successes. This book is about the keys to igniting positive change for generational success. Like no other, this book will change how the reader thinks, speaks, and acts to generate a successful future life. It is also about a family and a generation. The book treats how the current generation can prepare a better season for the next generations. The message and the truth the book carries are generational. It helps the reader prepare, educate, and raise his children and offspring for everlasting success. Thus, the message concerns the reader, the present, and future generations.
A Wall Street Journal and Financial Times book of the month Millennials have become the largest generation in the U.S. workforce, and Generation Z workers are right behind them. Leaders and organizations must embrace the new ways of working that appeal to the digital-first generations, while continuing to appeal to Baby Boomers and Generation X, who will likely remain in the workforce for decades to come. Within any organization, team, meeting, or marketing opportunity, you will likely find any combination of generations, each with their own attitudes, expectations, and professional styles. To lead and succeed in business today, you must adjust to how Millennials work, continue to accommodate experienced colleagues and pay attention to the next generations coming up. The Remix shows you how to adapt and win through proven strategies that serve all generations’ needs. The result is a workplace that blends the best of each generation’s ideas and practices to design a smarter, more inclusive work environment for everyone. As a leading expert on the multigenerational workplace, Lindsey Pollak combines the most recent data with her own original research, as well as detailed case studies from Fortune 500 companies and other top organizations. Pollak outlines the ways businesses, executives, mid-level managers, employees, and entrepreneurs can tackle situations that may arise when diverse styles clash and provides clear strategies to turn generational diversity into business opportunity. Generational change is impacting all industries, all types of organizations, and all leaders. The Remix is an essential guide for anyone looking to navigate today’s multigenerational workplace, which is more diverse and varied than ever before.
Generation to Generation will help managers understand the special dynamics & challenges that family businesses face as they move through their life cycles. It explains how to handle succession, & the role of non-family professionals.
Perpetuating the family business. What lies at the root of failure of the family enterprise? 97% of family owned businesses fail to make it beyond the third generation. The white paper examines the reasons, the global viewpoint and provides solutions to the impending problem.
"Vital for any organization with multigenerational staffs, and for marketers, public relations professionals, HRD managers, or executives." Library Journal, Starred Review Gentelligence: The Revolutionary Approach to Leading an Intergenerational Workforce presents a transformative way to end the generational wars once and for all. This book first introduces Gentelligence as a powerful business strategy and shows why it is critical for the future of work. It then presents a practical guide and a call to action for leaders of all ages to unlock the potential strengths of each generation. Readers will learn how an intergenerational workforce can be reframed as a profound business opportunity and discover how Gentelligence can help them win the talent war, create strong, diverse teams, and build adaptable cultures that will flourish in an era of rapid change. Gentelligence shares groundbreaking evidence that will have readers thinking about their generationally diverse workforce in an entirely different way. Readers will discover: Where generational conflict originates, and how it results in both dangerous ageism and reverse ageism in today’s workplaces. Why the generation gap stems from a misunderstanding of shared core values across all generations. How to find essential common ground with colleagues, both older and younger, and recognize the unique needs that come with different generational identities. How generational shaming leads us to view those from other generations as competitors rather than collaborators, further damaging employee engagement, team dynamics, innovation, and organizational culture. How leveraging the unique strengths of each generation at work can lead to a win-win outcome for all. How traditional views on leadership have been turned upside down as a result of new generational dynamics, with many employees currently being led by managers that are younger than themselves, and older leaders struggling to make sense of changing norms around authority and power. Gentelligence reveals the opportunities within an intergenerational workforce and provides actionable tools to help leaders build Gentelligent organizations. Unlike other books on generational leadership, this book rejects common stereotypes assigned to different generations, replacing them with a deep understanding of why those who grew up in different times may behave in unique and valuable, ways. We challenge leaders to go beyond simply accepting generational differences to leverage them proactively to increase engagement, innovation, and organizational success.
The existence and changing of generations in family life, business and politics was a central feature of towns as well as rural societies in earlier times. Even so, it remains understudied by urban historians of the pre-modern period. This book aims to fill some of this gap, containing twelve studies of generations in late medieval and early modern European towns, ranging from the Mediterranean to the Nordic countries, with a time-span from the fourteenth to the early nineteenth century. Dealing with topics like succession and inheritance, family consciousness, as well as relations and conflicts within and between generations, the articles demonstrate the importance and potential of generational studies on pre-modern towns. The book will appeal to anyone who takes an interest in urban social and cultural history, legal and family history in medieval and early modern times.
The popular press has taken notice of two current trends in housing arrangements: three-generation households, and twenty-somethings staying at home longer. These are not separate trends, but part of a larger nationwide cultural shift to extended families reuniting. Together Again: A Creative Guide for Successful Multigenerational Living is intended to make this cultural shift go smoothly. Topics covered include the financial and emotional benefits of living together; proximity and privacy; designing and remodeling your home to accommodate adult children or elderly parents; overcoming cultural stigmas about independent living; financial and legal planning; and making co-habitation agreements.
As the nation reels from the impact of the Great Recession, many families are finding new ways to live together, including creating multigenerational households to save money and consolidate resources. Indeed, as the authors point out, the concept of nuclear family living is an aberration in our history that stemmed from post–World War II prosperity, mobility, and the associated baby boom. However, the threatened failure of American social security and healthcare systems is forcing us all to rethink how we live and care for one another. This book covers the financial and emotional benefits of living together, proximity and privacy, designing and remodeling your home to accommodate adult children or elderly parents, overcoming cultural stigmas about interdependent living, financial and legal planning, and making cohabitation agreements.
Navigate the complex decisions and critical relationships necessary to create and sustain a healthy family business—and business family. Though "family business" may sound like it refers only to mom-and-pop shops, businesses owned by families are among the most significant and numerous in the world. But surprisingly few resources exist to help navigate the unique challenges you face when you share the executive suite, financial statements, and holidays. How do you make the right decisions, critical to the long-term survival of any business, with the added challenge of having to do so within the context of a family? The HBR Family Business Handbook brings you sophisticated guidance and practical advice from family business experts Josh Baron and Rob Lachenauer. Drawing on their decades-long experience working closely with a wide range of family businesses of all sizes around the world, the authors present proven methods and approaches for communicating effectively, managing conflict, building the right governance structures, and more. In the HBR Family Business Handbook you'll find: A new perspective on what makes family businesses succeed and fail A framework to help you make good decisions together Step-by-step guidance on managing change within your business family Key questions about wealth, unique to family businesses, that you can't afford to ignore Assessments to help you determine where you are—and where you want to go Stories of real companies, from Marchesi Antinori to Radio Flyer Chapter summaries you can use to reinforce what you've learned Keep this comprehensive guide with you to help you build, grow, and position your family business to thrive across generations. HBR Handbooks provide ambitious professionals with the frameworks, advice, and tools they need to excel in their careers. With step-by-step guidance, time-honed best practices, and real-life stories, each comprehensive volume helps you to stand out from the pack—whatever your role.
