From small start-ups to giant multinationals, from the Mom-and-Pop owned barber shop to Ford, family owned businesses continue to dominate the world economy. Regardless of size, running a successful family firm presents unique challenges, and many fail to survive the transition to the next generation. Here is a practical, comprehensive guide to ensuring success through effective strategic planning. The authors provide a wealth of tested, easy-to-follow tools and techniques for mastering strategic planning for family-owned firms. Filled with real world examples, case studies, checklists, and planning worksheets, the book shows how to deal with a host of emerging challenges--from new technologies and globalizing marketings--by integrating family values and dynamics into sound planning and management.
Intellectual Tour de Force for Everyone
By John N. Doggett - July 10, 2005
I picked this book up because I was getting ready to consult with a family-owned firm about their strategy. My previous strategy consulting work has been with startups, small and medium sized and Fortune 500 firms. I knew that helping senior managers develop their business strategy might be an entirely different matter when the firm was a private, family held enterprise.
This book opened my eyes to the unique challenges of family businesses. It helped me understand the compromises that must be made when looking at the business strategy options for family firms. Most importantly, it helped me understand that the health of the family and the relationships between the generations was more important than pure business strategy thinking. This is exactly the insight that I was looking for. I learned much more than I expected and am deeply appreciative of the authors' exceptional insights and recommendations.
What I did not expect was that this would also be a... read more
One of the best practical books for family businesses and families in business
By Paul Franciosa "Paul Franciosa, J.D., M.B.A." - April 14, 2006
MY RATING SYSTEM:
* - if you have to chose between torture and reading this book, then you might want to consider reading the book - although it depends on just how severe the torture would be.
** - if you've lost your job and have quite a bit of free time on your hands, and don't have anything else better to do, then you might want to consider reading this book; don't expect to learn much or really be entertained. It will however, help you pass the time until your death.
*** - meh...I'm indifferent. Reading this book will not alter your life in any significant way, yet it is not so horrendously dreadful that your taking the time to read it will be a complete waste of time.
**** - Good book to great book zone here. You should probably read this book if you have some spare time. This book could be interesting, entertaining, or informative.
***** - Outstanding book! Make time to read this book - you'll learn or be entertained or... read more
Packed with Knowledge!
By Rolf Dobelli "getAbstract" - July 23, 2002
Balancing the needs of a business and the family that controls it might seem like an overwhelming task, unless you tackle the challenge with a clear-headed plan. Randel S. Carlock and John L. Ward provide just such an approach by mapping out the strategies and structures needed to make a family business run smoothly. In so doing, they address family conflict, executive succession, ownership schemes and a host of other issues that can make or break a family business. We from getAbstract highly recommend this book too for its practical and applicable methods of striking a balance between the needs of business and the needs of family.