John L. Ward is a leading world expert on the family business. In this book he brings together a vast amount of experience to show the, 'best practices' of the most successful and long-lasting families in business. He provides a framework of five insights and four principles in which to position his 50 lessons for family businesses. This is the most comprehensive book on sustaining the family business and contains international examples and cases and essential tools and checklists of best practice.
Learn how to overcome the paradox of family business, and understand that synergy of the two entities will bring greater success than choosing one over the other
The authors explore how effective planning and communication helps business families around the world address growth challenges as they strive to become high performing multi-generation family enterprises. This book shows family businesses working together at their best.
From small start-ups to giant multinationals, from the Mom-and-Pop owned barber shop to Ford, family owned businesses continue to dominate the world economy. Regardless of size, running a successful family firm presents unique challenges, and many fail to survive the transition to the next generation. Here is a practical, comprehensive guide to ensuring success through effective strategic planning. The authors provide a wealth of tested, easy-to-follow tools and techniques for mastering strategic planning for family-owned firms. Filled with real world examples, case studies, checklists, and planning worksheets, the book shows how to deal with a host of emerging challenges--from new technologies and globalizing marketings--by integrating family values and dynamics into sound planning and management.
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.
John L. Ward, a leading world expert on family business, offers the best practices of the most successful and long-lasting families in business, including Ford Motors, Marriott Hotels, Levi-Strauss, and the New York Times. He provides a framework of five insights and four principles in which to position his fifty "lessons learned" for family business longevity. This is a comprehensive book on sustaining family businesses that contains international examples, cases, essential tools, and checklists of best practices; a how-to every entrepreneur should have.
A close-up examination of several important consultation models and of the structure, dynamics, and operation of family businesses in Brazil, Canada, Chile, Ireland, South Korea, Lebanon, Mexico, Saudi Arabia, Scotland, Trinidad & Tobago, Turkey, the United Kingdom and the United States This book is designed to fill an important gap in t
"It is not usual to find a tool like this: a book addressed to family businesses that synthesizes in few pages all of the experience, knowledge and solutions to every-day situations the way that a Dave does." --Guillermo Salazar, President- Exaudi Family Business Consulting "Dave Specht poses questions that business-owning families often don't know how to address. His spot-on, down-to-earth language makes THE FAMILY BUSINESS WHISPERER a valuable guide." --Pat Frishkoff, Retired Founder of the Austin Family Business Program at Oregon State University "If you work for a family business and are struggling with succession planning, the day to day interactions or how to prepare for difficult situations, this book will help ease those tensions." --Betsy Grindlay, Speedway Motors Are you certain that your business is positioned to stay in the family for another generation? Have you confronted the difficult and sometimes uncomfortable questions of management and ownership succession? If you answered no to any of these questions, you are not alone. It is for this purpose that, "The Family Business Whisperer" was written. In this book you will discover the key pitfalls that families face with generational business transitions and you will come away with strategies to help you in your own succession process. The Family Business Whisperer is an actionable guide to help begin discussions and get your family started on this important journey. While The Family Business Whisperer offers no silver bullet guarantees, it does provide questions, processes and a framework to get started on being intentional about, "Preserving Your Family and Perpetuating Your Business." Your family, your business and your community are counting on you. You can do it and "The Family Business Whisperer" can help!
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.
Most family business owners and wealth creators share an important vision: perpetuating family and wealth for many generations to come. To ensure wealth continuity, many families put into place various structures, plans, and processes, including estate plans (which may include multiple trusts), ownership succession plans, governance structures/strategies, and others. These sometimes-elaborate plans are aimed at preserving family wealth. In reality, for many families, they don’t. In fact, it has been estimated that a majority of estate plans in place fail, largely as a result of family conflict or communication problems. Author David Lansky reveals here that too many one-size-fits-all and elaborate continuity plans fail to take into account the idiosyncratic family factors that can interfere with continuity planning. Lansky details further how building the right foundation will help families implement the best continuity plans. Addressing that foundation effectively includes understanding the building blocks that make it up, assessing their strengths, and developing strategies to improve them. The specific building blocks include:• Learning Capacity • Familyness • Safe Communication Culture • Commitment to Personal Development• Effective Leadership of Change While richly informative, this book is not intended as a training manual, but rather as a starting point for important ideas and conversations. In fact, the goal of this book is to help families consider several related factors that go into a foundation for continuity, and to build more effective continuity plans and strategies based on their assessments.
