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Author: Dennis Jaffe
Publisher:
ISBN: 9780692295649
Category :
Languages : en
Pages : 340
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Book Description
This book offers practical guidance for families moving across generations by sharing practices, skills and activities that can help them along this path. The 50 lessons within can each be read independently, as the family seeks help in dealing with a particular aspect of succession, family conflict, selling a family business, selecting and developing next generation leadership or helping their children manage the benefits of their family wealth by becoming stewards of the family resources. We looks the the potential "wealth" in the family as more than just financial, including spiritual, human, family and societal capital to sustain the family and leave a legacy in the family and for the community.
Author: Dennis Jaffe
Publisher:
ISBN: 9780692295649
Category :
Languages : en
Pages : 340
Get Book
Book Description
This book offers practical guidance for families moving across generations by sharing practices, skills and activities that can help them along this path. The 50 lessons within can each be read independently, as the family seeks help in dealing with a particular aspect of succession, family conflict, selling a family business, selecting and developing next generation leadership or helping their children manage the benefits of their family wealth by becoming stewards of the family resources. We looks the the potential "wealth" in the family as more than just financial, including spiritual, human, family and societal capital to sustain the family and leave a legacy in the family and for the community.
Author: Justin B. Craig Ph.D.
Publisher: Bloomsbury Publishing USA
ISBN: 1440855331
Category : Business & Economics
Languages : en
Pages : 198
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Book Description
Based on insights from executives across the globe, this planning guide captures the unique challenges faced by leaders of a family business and presents an approach to help these operations survive and thrive across generations. Leading a company is a much different experience for those in a family-run business than for their contemporaries in nonfamilial environments. This book provides a comprehensive overview of the skill set and mindset required to lead family enterprises, and it introduces the four critical areas in which family businesses differ from traditional companies—management structures, governance mechanisms, entrepreneurial advantages, and stewardship practices. In a fascinating convergence of entrepreneurship, family relations, and corporate principles, the authors present two frameworks to better understand the best practices of leading a family business: a firm-level frame focused on these four critical areas of difference (architecture, governance, entrepreneurship, and stewardship) and an individual one that mirrors these in terms of the skill set and mindset successful leaders need to develop. Craig and Moores consider the differences between leadership in family enterprises and non-family enterprises; the entrepreneurial capabilities needed by executives in family-based firms; and the use of power, identification, and motivation in managing their responsibilities both at home and in the workplace. Case studies provide a real-life look at the inner workings of family operations across the globe.
Author: Dennis T. Jaffe
Publisher: John Wiley & Sons
ISBN: 1119573807
Category : Business & Economics
Languages : en
Pages : 439
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Book Description
Families share how they have maintained and grown their wealth from generation to generation. While creating wealth is a wonderful achievement, business families are also concerned with how their wealth is used to support their values, the lives of their children and the well-being of the community. Over several generations, families who are successful in growing their wealth have been able to reinvent themselves and their business in the face of significant environmental transformations and internal differences cause by family dynamics. Borrowed from my Grandchildren is a fascinating look at how large, long-lasting business families succeed across generations. Author Dennis T. Jaffe, one of the leading architects of the field of family enterprise consulting, has interviewed members of successful, well known, 100-year family enterprises from 20 countries, who serve as role models for those wishing to see their wealth positively impact their children, employees, and communities. Half continue to own their legacy business and others have gone on to become family offices with a portfolio of shared assets, but all these families have sustained their values and identity as a family over more than three generations. Offering the collected wisdom of nearly 100 global business families, this insightful book shares the real-life stories of partners in business and wealth management over three of more generations. Families that generate rather than reduce their wealth across generations, known as Generative Families, focus on engaging across generations and develop collaborative governance for both family and business to ensure responsible stewardship from one generation to the next. This unique resource: Presents real-life stories of families sustaining wealth over generations Explores both the successes and failures of retaining family wealth Includes rare private insights from members of prominent wealthy families Examines the nature of global family enterprises and their evolution over generations Discusses the financial, human, and social dimensions of wealth Borrowed from my Grandchildren: The Evolution of Stewardship in 100-Year Families is an essential read for family members, non-family executives, family offices, estate planning lawyers, family business consultants, trust officers, philanthropic and foundation advisors, financial advisors, financial planners, CPAs, and other finance professionals.
Author: Dennis Jaffe
Publisher:
ISBN: 9781719218184
Category :
Languages : en
Pages : 94
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Book Description
Successful family enterprises are incredible engines for generating wealth and expressing the owning family's values about business and the community. These values may be expressed through the quality of their goods and services, relationships with employees, business and community, and philanthropy. But only a small fraction of the families that create businesses are able to sustain them for more than a single generation. The few surviving enterprises are huge and have a powerful impact on the community, global commerce, and the environment. They also have a strong influence on family members and all those touched by the family's various enterprises.This paper describes the journey of long-term resilient families over three to more than six generations. These families pursue business opportunities together while passing their legacy values, culture and resources to each new generation. While few family enterprises reach this milestone, those that do amass impressive resources.
Author: Steve Legler
Publisher: FriesenPress
ISBN: 1460249674
Category : Business & Economics
Languages : en
Pages : 96
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Book Description
SHIFT your Family Business was written for anyone who has ever worked in a family business or been part of a business family. Steve Legler grew up in one such family, and married into another, and in this, his first book, he examines the challenges that business families face, and gives readers lots of insights and ideas to help them face and overcome those challenges. Since clear, frequent, and open communication is the key to getting out of difficult situations, he walks readers through the steps of: (1) getting important conversations Started (2) getting Help from others to facilitate the discussions (3) Investing the time and effort necessary to gain the momentum to keep going (4) remaining Flexible with all their ideas and plans (5) Talking everything out to gain as much understanding and consensus as possible. He concludes with some thoughts that demystify governance, and invites business families to take on a "family office" mindset to stay focused and on track. SHIFT your Family Business is all about helping business families create the harmony they need to support the legacy they want.
Author: Justin B. Craig
Publisher: Praeger
ISBN: 1440855323
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
Based on insights from executives across the globe, this planning guide captures the unique challenges faced by leaders of a family business and presents an approach to help these operations survive and thrive across generations. Leading a company is a much different experience for those in a family-run business than for their contemporaries in nonfamilial environments. This book provides a comprehensive overview of the skill set and mindset required to lead family enterprises, and it introduces the four critical areas in which family businesses differ from traditional companies—management structures, governance mechanisms, entrepreneurial advantages, and stewardship practices. In a fascinating convergence of entrepreneurship, family relations, and corporate principles, the authors present two frameworks to better understand the best practices of leading a family business: a firm-level frame focused on these four critical areas of difference (architecture, governance, entrepreneurship, and stewardship) and an individual one that mirrors these in terms of the skill set and mindset successful leaders need to develop. Craig and Moores consider the differences between leadership in family enterprises and non-family enterprises; the entrepreneurial capabilities needed by executives in family-based firms; and the use of power, identification, and motivation in managing their responsibilities both at home and in the workplace. Case studies provide a real-life look at the inner workings of family operations across the globe.
Author: Emily Griffiths-Hamilton
Publisher: Figure 1 Publishing
ISBN: 1773270540
Category : Business & Economics
Languages : en
Pages : 250
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Book Description
From mom-and-pop stores to Fortune 500 corporations, the family business as an institution is widespread and enduring—yet only 30 percent of family enterprises successfully transition to the next generation. In this accessible and deeply informed new book, family enterprise expert Emily Griffiths-Hamilton (author of Build Your Family Bank: A Winning Vision for Multigenerational Wealth) shares the secrets of successful multigenerational family enterprises. Through extensive research and personal and professional experience as a member of and advisor to family enterprises, Griffiths-Hamilton has developed an unconventional approach that looks beyond narrow business considerations to focus on the critical aspect of every family enterprise—the “family factor.” Successful multi-generational family enterprises, she explains, are animated by a unifying vision that rests on shared values. Mutual trust and strong communication skills are vital for families to articulate these foundational elements, which will then inform a “family enterprise framework” that can endure for generations. Planning for the long-term health of a family business doesn’t need to be complicated. Beginning with a single meeting, family enterprises of every shape and size can use the insights in this book to build robust frameworks that will reward their members for decades to come—not just financially, but with strengthened family connections, a shared sense of purpose, and perhaps most importantly, a bit of fun.
Author: Josiane Fahed-Sreih
Publisher: Cambridge Scholars Publishing
ISBN: 1527539911
Category : Business & Economics
Languages : en
Pages : 157
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Book Description
This book details ten of the most important aspects for success in a family business, and discusses how to begin the development of a common vision to deploy within the family firm. It uses the Middle East as an example of a patriarchy and its values, and how these may be transmitted to the family business and the next generation. Such traditions and culture are often integrated within the mindset of the owner and are then established in the company’s vision. The book serves as a guideline to the ‘dos and don’ts’ of the family business scene and how to affect the firm either positively or negatively.
Author: Louis Cauffman
Publisher: Routledge
ISBN: 1000551997
Category : Business & Economics
Languages : en
Pages : 174
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Book Description
This practical and important book offers ideas, examples, and suggestions that address the challenges inherent to developing and sustaining a successful family business. It explores the complex dynamics involved in working with loved ones and how to pass a business on to a new generation. Structured around the story of a family that has built a successful enterprise, now facing the issues of succession, the book utilizes the solution-focused model to provide step-by-step instructions to creating good working relationships and orienting toward common goals while building trust, respect, and love. Complete with summaries, toolkits, and case studies, this book is an essential read for any member of a family business, as well as those who provide services to family businesses, including coaches, consultants, and non-family employees.
Author: C. Aronoff
Publisher: Springer
ISBN: 0230116027
Category : Business & Economics
Languages : en
Pages : 97
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Book Description
Ownership in a family business can be a rewarding and important role. It means stewardship, protection and nurturing the family business. As a guide for shareholders, this book will develop understanding and insight into the role of becoming more valuable as an owner, not just financially, but intellectually and emotionally as well.
