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Full Description
Strategies for family firms, unlike those of other businesses, can and should incorporate family factors. Responsible and disciplined strategic integration of family and business goals, strengths and values produces powerful results.
Contents
PREFACE
Shorter Life Expectancy of Strategies
The Family Factor
PART I: REACHING YOUR FAMILY BUSINESS' STRATEGIC POTENTIAL
Sorting through Mixed Signals
Understanding the Family Business Strategic Path
Getting to the Next Phase
PART II: DEMYSTIFYING PAST SUCCESS
Unleashing Strategy and Structure
Loosening Rigid Strategies
Making Change Part of Tradition
PART III: PREVENTING PAST BUSINESS STRATEGY FROM LIMITING FUTURE SUCCESS
Just What Business Are You In?
Getting Over Resistance to Planning
Developing Strategic Skills
Making Change Less Threatening
PART IV: RESPONDING TO FAMILY AND BUSINESS NEEDS
The Power of Family Values
Reducing Personal Financial and Emotional Insecurity
Matching Family Factors with Business Strategy
Assessing Risk Tolerance of Family Members
Developing Stewardship
PART V: STRATEGIC LIBERATION AND RENEWAL
New Models for Strategic Succession
Appreciating Inherent Family Business Advantages
Understanding Inherent Family Business Disadvantages
Turning Disadvantages into Advantages
What Have You Done for the Business Lately?
Depersonalizing Disagreements about Succession or Strategy
Getting Input from the Outside
Conclusions: Getting From Here to There
Appendix: Exhibits of Financial Performance Over the Family Business Strategic Path
Index
