Family Business Recommends
Our publishers and editors have hand selected the following books for you to consider adding to your library. Happy reading.
This article is an edited transcription of a seminar titled "Successful Habits of Family Business Successors" that was delivered to the Family Business Center of the University of Wisconsin-Madison at the Fluno Center for Executive Education. Seventy percent of all family businesses fail to make the transition of ownership and management from the first generation to the second generation. In this article I focus on the success rate. Through my research I have identified the common characteristics of successful successors. I call these common characteristics the Seven Habits of Highly Successful Successors.
This book is written for anyone who works for, manages, or owns a private company. It is also directed toward those who aspire to be on a board of directors, whether a privately owned company, public enterprise, or a nonprofit organization.
When you have completed reading this book, you will have a comprehensive real-life understanding of what a board of directors does, how it does it, how to start one, build, and run a board, and most importantly, an insight into the incredible value that a good board can deliver to any organization. In addition, also included is a wealth of detailed information about all aspects of corporate governance and its practical application. All of this is accompanied by personal anecdotes. While I focus on best-of-class private company governance, the material is directly applicable to public companies and nonprofits.
In the first book on family business by a family therapist, Dr. Dennis Jaffe shows you how to manage the complex work and personal relationships that are intertwined in family business.
Prosperous families around the world face unexpected challenges as they encounter the modern global environment. It is natural for the wealth-creating generation to cherish the cultural roots that led to their success, advocating for the family’s heritage. But, as subsequent generations are educated and trained in faraway lands and diverse cultures, new influences enter the family. The resulting conflicts can bring significant stress to the family and risk to the family enterprise, especially at times of generational transition.
Based upon the groundbreaking work of Doug Baumoel and Blair Trippe, Deconstructing Conflict will help scores of enterprising families navigate the challenges of owning and managing together as family. Utilizing “The Conflict Equation” methodology, the book deconstructs conflict into its component parts to arm family business stakeholders and their advisors with the most cutting-edge thinking for achieving generational success in family enterprise.