A successful family business can continue to grow and achieve for generations, but the nature of the family enterprise can often make managing the business and being part of the family at the same time very complicated. This increasing complexity has to be properly managed, and in this practical new book, the authors explain how to do this. Based on analysis of more than 3000 companies, they propose six family business models and show how to evolve from the basic models to those suitable for more complex families and business. This approach provides a good understanding of how to determine between successful family
business evolutions and the 'dead-end' directions that have to be avoided. Contains a unique new model for understanding family businesses, giving readers the potential to build better managed and more stable family firms and to plan for a successful future
business evolutions and the 'dead-end' directions that have to be avoided. Contains a unique new model for understanding family businesses, giving readers the potential to build better managed and more stable family firms and to plan for a successful future
'This book makes an innovative contribution to our knowledge of family business. It is the fruit of several decades of research and teaching, through family business models or 'archetypes'. I am confident that, like all good theories, it is going to be extremely practical and useful for family businesses that, today and in the future, face the exciting challenge of family business management.' Carlos Losada, Director General, ESADE Business School
'This book represents an important and novel contribution to knowledge on family business. Working on the basis of painstaking research, the authors have succeeded in obtaining relevant and practical conclusions regarding the various family business models and the right management procedures to apply to each of them. The resulting book has great credibility and usefulness, not only for those with an interest in the matter but also for anyone who wishes to gain insight into this field.' Fernando Casado, General Manager, Instituto de la Empresa Familiar
'This is a book that I would like to have been able to read and study nearly two decades ago, when we faced our succession process. If this process was positive, it was precisely because we made the right change of family business model for the time the business and the family was going through, by developing governance bodies and continuing the professionalisation of management. I am sure this book will be very useful for business families.' Mariano Puig, Chairman, Puig Foundation, Founder and Honorary President of the European Group of Owner Managed and Family Enterprises (GEEF)
'This book represents an important and novel contribution to knowledge on family business. Working on the basis of painstaking research, the authors have succeeded in obtaining relevant and practical conclusions regarding the various family business models and the right management procedures to apply to each of them. The resulting book has great credibility and usefulness, not only for those with an interest in the matter but also for anyone who wishes to gain insight into this field.' Fernando Casado, General Manager, Instituto de la Empresa Familiar
'This is a book that I would like to have been able to read and study nearly two decades ago, when we faced our succession process. If this process was positive, it was precisely because we made the right change of family business model for the time the business and the family was going through, by developing governance bodies and continuing the professionalisation of management. I am sure this book will be very useful for business families.' Mariano Puig, Chairman, Puig Foundation, Founder and Honorary President of the European Group of Owner Managed and Family Enterprises (GEEF)