Examines the paradoxes of each stage of learning to manage the family firm, (learning business, learning our buisness, leading our business and letting go our business).
This work examines the inescapable paradoxes of each stage of learning to manage the family firm, relating each paradox to the business life cycle. The learning stages include learning business, learning "our" business, leading our business and letting go of our business. The associated paradoxes involve stability versus adaptation; leading versus managing; and the special difficulties succession poses for the family firm. Possible pathways for managing each paradox are developed. The text integrates academic research with popular management themes and real-world cases and highlights the internationalism of family business issues through the citation of research from various countries. Stories and cases from family business owners illuminate the issues further.
Frameworks and descriptions; learning, life cycles and love - introducing a contingency perspective into family business; learning business; learning our business; learning to lead our business; learning to let go our business; profiles and patterns that work.