The Family in Business

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The Family in Business

The Dynamics of the Family Owned Firm


This eBook includes

Formats : PDF (Read Only)

Pages : 160

ISBN : 9781606492789

Language : English

About the Book

Book description

Family businesses are a breed unto themselves.  Though they share many features in common with other business models, they possess unique traits that clearly differentiate them.  Similarly, though consultation to family buisnesses is  in many respects  what other businesses experience when seeking assistance, those features that set family business  consultation apart are so distinctive that failure to honor and understand them can (and does) too often lead to disaster.   The needs of those family members seeking consultation share a portrait  in some ways similar to those in non-FOBs, but in a majority of situations are so distinctive and potentially explosive that disaster lurks on the edges, ready to appear if not respected.   The audience of this book are both consultants to family businesses and family members who are looking for such assistance.  Both require knowledge of each other's spheres of experience and perspective for effective consultation to occur - for the consultant, an awareness of family dynamics as intertwined with family business; for family members, a clarification of what can be expected and delivered. In addition to the interface between family dynamics and the family's business, we will explore the key tasks in family business consultation:  succession planning, selection of the successor, conflict resolution, defining the role of family members in the business, how to involve the management team in succession planning, determining what happens after succession and building a board of advisors.

The Family in Business

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Business Expert Press

Since 2008, Business Expert Press has been providing business students and professionals with precise, business information written by experts in their fields. Available in both print and eBook formats, our books can be obtained by consumers through a variety of sources including direct purchase on our website and major online bookstores. Business librarians can purchase our entire Digital Library, published and updated annually, in total, or in various configurations such as topical e-collections or custom bundles, through perpetual access or subscription.


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