Harvard Business Review Family Business Handbook

Harvard Business Review Family Business Handbook

Author: Josh Baron

Publisher: Harvard Business Press

Published: 2021-01-26

Total Pages: 231

ISBN-13: 1633699064

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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.


Building a Successful Family Business Board

Building a Successful Family Business Board

Author: J. Pendergast

Publisher: Springer

Published: 2011-03-08

Total Pages: 267

ISBN-13: 1137511710

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In Building a Successful Family Business Board , the authors show why private firms need the in-depth expertise and objective feedback that a well-chosen board, including qualified independent directors, can provide, and demonstrates how owners and directors can work together to ensure a long and profitable life for the firm.


Trapped in the Family Business

Trapped in the Family Business

Author: Michael A. Klein

Publisher: Mk Insights LLC

Published: 2012-03

Total Pages: 156

ISBN-13: 9780984949205

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"In this honest and practical guide, Michael Klein shares his research findings and insights on how individuals get trapped in their family business, why they don't leave, and what can be done about it. Based on interviews with family business members, owners, and their advisors, Trapped in the Family Business sheds light on this common yet unexamined problem and offers solutions"--Page 4 of cover.


In the Company of Family

In the Company of Family

Author: Melissa Mitchell-Blitch

Publisher:

Published: 2020-09-30

Total Pages: 208

ISBN-13: 9780578761459

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When you work with family, business is personal. That can be a dream or a nightmare. What makes the difference? Knowing how to navigate well your differences and the multiple roles you share. When you are family, coworkers, co-owners, differences abound - opinions, values, preferences. How can you keep differences from being divisive? Through real-life case studies, In the Company of Family reveals the principles of boundaries, which will help you thrive even though business is personal. You will meet families in business who navigate challenges such as these: - Sibling relationships are severed when they disagree about ownership. How can they overcome irreconcilable differences? - A talented family member does not meet the company's criteria for promotion. Should a capable family member be passed over or should the rules be bent? - A father feels guilty that non-family executives are better suited to run the business than his children. Which is more important, family or skill? - A successor feels disrespected when his father treats him like a child in front of employees. How can he get his father to treat him with more respect? - A CEO is diagnosed with dementia. How can the family honor his dignity without compromising the business? - A family member's substance abuse tarnishes the law firm's image. Is it right to fire her? In the Company of Family will teach you how to enhance family relationships, individual well-being, and business vitality - three priorities not easy to balance.


How To Thrive In A Family Business

How To Thrive In A Family Business

Author: Ajay Sharma

Publisher: Penguin Random House India Private Limited

Published: 2021-08-23

Total Pages: 173

ISBN-13: 9354921515

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What, according to you, is a family business? What are its benefits? Why do a majority of family businesses fail? Can a family business be turned to your advantage? Set around the backdrop of an enterprise that has been around for over a hundred years - the Baidyanath Group, these questions, and many more, are answered in this book on what makes family businesses tick specially beyond the third generation. As any business passes through generations and each generation passes through these various stages of life - Brahmacharya, Grihastha, Vanaprastha and Sanyas - the transition is not just difficult, but also painful, both financially and emotionally. The resultant losses of this generational paradigm are not only monetary, but also familial. Do family businesses suffer from elder son syndrome, or is early division seen as taboo? When to plan succession and should one part with ownership? Surprisingly, the business behaves as per the behaviour of the generation that manages it. Given an identical situation, the decision would vary as per the generation taking the call. Life is all about the choices we make, our decision, if right, becomes a 'virtue' for the family and the business. If not right, it becomes a 'sin'. The book serves as a guide to what not to do by every member and every generation of a family. Identifying thirty actions which are the biggest sins that hinder the prosperity and continuity of any family business, Ajay Sharma, a third-generation businessman, weaves his own experiences with in-depth research and knowledge on the subject of family business. He believes that this book will be helpful to everyone - not just the stakeholders of family businesses, but also the millions who work with these family businesses, people who are the real lifeforce.


Dirty Little Secrets of Family Business

Dirty Little Secrets of Family Business

Author: Henry Hutcheson

Publisher:

Published: 2019

Total Pages: 0

ISBN-13: 9781626346246

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"Written for current and next-generation owners and utilizing multiple, firsthand stories of family business dos and don'ts, Dirty Little Secrets of Family Business gives you the top success strategies that you can use to build a better functioning family business"--


Start Up Nation

Start Up Nation

Author: Jeffrey Sloan

Publisher: Currency

Published: 2005

Total Pages: 306

ISBN-13: 0385512481

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A guide to starting a profitable business includes advice, tips, and strategies for assessing one's tolerance for risk, taking advantage of one's skills, avoiding common mistakes, and focusing on what one loves to do.


Generation to Generation

Generation to Generation

Author: Kelin E. Gersick

Publisher: Harvard Business Press

Published: 1997

Total Pages: 316

ISBN-13: 087584555X

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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.


Keep the Family Baggage Out of the Family Business

Keep the Family Baggage Out of the Family Business

Author: Quentin J Fleming

Publisher: Simon and Schuster

Published: 2000-02-29

Total Pages: 340

ISBN-13: 0684856042

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Exploring both the psychological and practical underpinnings of family businesses, an experienced management consultant presents invaluable advice on minimizing conflicts and maximizing business success. Charts.


Building Family Business Champions

Building Family Business Champions

Author: Eric G. Flamholtz

Publisher: Stanford University Press

Published: 2016-03-02

Total Pages: 272

ISBN-13: 0804798028

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Building Family Business Champions provides a theoretically sound and practical framework for understanding the challenges that family businesses face. Drawing on three decades of consulting with more than 250 companies, their own experience running a family-owned firm, and sound research, Eric G. Flamholtz and Yvonne Randle explain that the success of these companies hinges upon the dual management of family functionality and the company's infrastructure. They present a set of managerial tools for planning, structuring the business, measuring performance, and managing culture. After laying this groundwork, they attend to issues that uniquely pertain to these companies, such as succession and the challenges of familial dysfunction. Finally, the book offers a set of short self-assessments that can be used in any family business. Richly illustrated with stories of companies at various stages of growth from around the globe, this book provides a comprehensive guide for building businesses that thrive from generation to generation.