Written by Joe Astrachan and Kristi McMillan, this book gives helpful hints on how to improve communication and resolve conflict in any family. It also delves deep into the causes of family conflict and explores family dynamics, birth order, and similar topics. The book also lasy out a conflict management system advisable for any family business.
There is a growing trend in management and ownership of family business: sibling teams. In this book, the pros and cons of siblings teams are addressed as well explicit guidance on how to develop and sustain healthy sibling relationships while owning an asset together or working together.
Every family business should have policies in place. From employment and entry policies, to rules governing who can buy and sell stock and how, family business policies are an essential tool for aligning expectations and achieving family harmony and business prosperity. This book explores the policies all should have and gives helpful examples.
Widely used in graduate courses on family business, this book contains some of the best writings on a variety of critical issues. Every serious student of family business should have this volume on their shelves.
Mechanisms to Assure Long-Term Family Business Survival A Study of the Dynamics of Cohesion in Multigenerational Family Business Families
Torsten M. Pieper
One tremendous advantage of family businesses is that they focus on sustainability, long-term business and community support, and survival. Answering the question of how they survive intact and how families can maintain family unity over
hundreds of years is essential. To answer this question, interviews with seven multi-century, large multigenerational family businesses from Germany were undertaken to uncover secrets of their success. Chief
among health indicators is family cohesion. What these families practice is the use of multiple dimensions of
cohesion to bond the widest number of owners to the family and business, and to fulfill the family and business
dreams. The specific different mechanisms they use are revealed in this text. Maintaining family cohesion also
requires family business leaders to effectively manage the ambiguities that come along with seemingly irreconcilable forms of cohesion and with potentially diverging interests and goals of owners. By exploring the conditions for sustainable family cohesion, the study adds new recommendations for effective family business
governance.
This compilation of family business cases is useful in family discussions, coursework and benchmarking your family business against what some of the best do to protect their survival and success.
This monograph reports on a significant advance in the field of family business research, the Family Power, Experience and Culture Scale. This innovation argues that all businesses have family characteristics and the arbitrary bi-secting of businesses into family and non-family does a disservice to the science of family firms.
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