Sustaining Family Enterprise

Meeting the Challenges of Continuity, Control and Competitiveness

Buch | Hardcover

239 Seiten

2016
Globe Law and Business Ltd (Verlag)
978-1-911078-14-2 (ISBN)

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Most people have a straightforward vision of the perfect family business. First, they hope for continued strengthening of the company’s financial and market position so it can support the lifestyle and needs of family members, from generation to generation. Secondly, they wish for family harmony.

But life gets in the way. Sometimes family members’ short-term or individual needs can overwhelm the needs of the business. In other cases, family members strongly disagree on the strategic direction, or even on the day-to-day management of the business. These family conflicts, when acted out on the stage of the family controlled enterprise, can seem insurmountable.

This new book is a follow up companion guide to Family Enterprises: How to Build Growth, Family Control and Family Harmony. The first volume features chapters written and edited by experts from many disciplines and located across the globe to provide the architecture for enduring, continuing family controlled enterprises.

This second volume is intended to provide sustenance to those stakeholders committed to the core objectives presented in the title to the first book. It addresses ongoing issues facing both family shareholder control groups and the enterprises they control that surface in ongoing, mature, successful endeavours.

The audience for this book is the owners, directors, managers of, and advisers to, family-controlled enterprises and the families that control them. It assumes that such enterprises have been launched – or at least renewed – as expressly family controlled businesses, or other enterprises.

Preface 5
Richard L Narva
Narva & Company LLC

Part I. Understanding the power and constraints of family issues in family enterprises

Managing intergenerational expectations, responsibilities and relationships in a family enterprise 7
Emily F Abrams
Narva & Company LLC
Louis Turchetta
Strategic Psychological Services

Family values: the soul of family business 15
Thomas Hubler
Hubler for Business Families Inc

Culture and ethnicity in family enterprises 25
Everett Moitoza
Moitoza Consulting

Crossing cultural boundaries: the duties of Chinese successors to their family controlled enterprises 45
Anna Xia
Market Ignition Group & Advisory LLC

Ushering out a family business founder who doesn’t want to leave 57
Christian W Dame
Interim Executive Solutions LLC

Part II. Building the ability to lead family controlled enterprises

Optimising the advent of non-family executive management in family firms 63
George P Bukuras
Milestone Business Advisors LLC

Transformation and tradition: transitioning to a non-family leader at the family firm 77
Roger Patkin
Next Generation Group

Family governance: questions and answers 93
Daisy Medici
GenSpring Family Offices

Awareness and action: transforming a family business via family enterprise and vertical leadership 105
Greg McCann
McCann & Associates

Leading from the self 121
Robert Goodman
RGoodman Associates LLC

Creating a strong leadership team 137
Ann Lindsey
Lindsey Leadership Consulting

Part III. Solving problems of sustainability

Mediating family business disputes: a primer for clients, family business advisers and other professionals 147
David A Hoffman
Boston Law Collaborative LLC

Family business turnarounds: non-financial fixes are the key 163
Gerald Sherman
Pathway Advisors LLC

Family enterprise guide to major mental illness 181
Eugene J Fierman
Commonwealth Medical Psychiatry Associates
Janet B Fierman
Sheehan Phinney Bass & Green PA

Assessing going-concern risk in family enterprises 199
Patricia A Frishkoff
Leadership In Family Enterprise LLC

Special issues in strategic planning in family controlled enterprises 211
Julian E Lange
Babson College

Mindfulness and the management of family business stress 221
Thomas Hubler
Hubler for Business Families Inc

Part IV

Afterword 229
Richard L Narva
Narva & Company LLC

About the authors 233

Erscheinungsdatum	12.05.2017
Verlagsort	London
Sprache	englisch
Maße	160 x 240 mm
Gewicht	550 g
Themenwelt	Recht / Steuern ► EU / Internationales Recht
Themenwelt	Wirtschaft ► Betriebswirtschaft / Management ► Planung / Organisation
ISBN-10	1-911078-14-3 / 1911078143
ISBN-13	978-1-911078-14-2 / 9781911078142
Zustand	Neuware