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  • Format: ePub

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…mehr

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Produktbeschreibung
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.

Review:

"Dean Fowler's presentation to the UW-Madison Family Business Center - now transcribed as "Proactive Family Business Successors - was exceptionally well-received by the program attendees based on about 100 evaluations completed by the 125 attendees. His educational presentation was interestingly infused with anecdotes based on his years of family business consulting and leading successor groups. Dean Fowler's program on succession planning speaks loudly to the succeeding generation - a perspective that is less commonly presented. I highly recommend this presentation to everyone". Ann Kinkade, Past Director UW-Madison Family Business Center


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Autorenporträt
Dean R. Fowler, Ph.D. is recognized as one of the world's leading experts specializing in the emotional dynamics that impact families-in-business and families of wealth. The international association, The Family Firm Institute, recently honored him by selecting him to receive the prestigious "Award for Interdisciplinary Achievement". His book Love, Power and Money has won world-wide acclaim in reviews in the major publications dealing with family enterprises as one of the best books on integrated family transition planning. In 1995 he developed The Family Business Assessment Tool™ and has since developed The Business Partners Assessment Tool™ and the Family Wealth Dynamics Assessment Tool™. In 2008 he was appointed to serve with a select group of business leaders on the Coleman Chair Advisory Council at Marquette University's College of Business Administration. In 2009 a new television series Family Inc. was launched in five Midwestern states with Dean Fowler serving as host. (family-inc.com) During the past forty years, Dean Fowler has served over 300 family clients in both the United States and Europe. His firm, Dean Fowler Associates, provides integrated services focusing on the "soft side of hard issues" by working closely with the other professional advisors trusted by the family client.