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One unique aspect of the family business is its ability to transcend generations. But longevity requires successful transitions. And successful transitions are fraught with challenges. In this practical book on the family business, Les Banwart identifies the key transition moments for owners and provides helpful advice. He addresses important issues, such as dealing with the entitlement trap of children who want to join the business. Les also provides help on setting up a family office, setting up a buy-sell agreement, and organizing a family council. This book is the business mentor you always wish you had. Les guides family business leaders in gentle yet frank ways. He pulls no punches in his chapter called "Fair but Not Equal." This may be one of the most contentious aspects of transitioning a family business to the next generation. Les gives business owners what they need to hear to help their business thrive for years to come.
Japanese family businesses are among the oldest in the world and many of them prove a history record of 200 years and more. Research on several case studies of century old firms (‘shinise’) in Japan reveal three factors as secrets of their longevity: (1) the Japanese family system (‘ie’) favours the eldest son for succession; (2) the option for adopting a capable successor; (3) the inclusion of the relationships with employees, customers, and members of the local community into the strategic decision making. The analysis deals with the succession process in Japan compared to the WIFU Model of Succession in German family firms, and rounds off with perspectives on how to deal with the challenges the Japanese family businesses face regarding the recent changes in the Japanese society.
Combining the expertise of two consultants and academics from East and West, this book provides an international guide for family businesses, showing how to identify and implement the best governance strategies. Packed with case studies and interviews, this is the ultimate guide for family businesses wanting to achieve long-term success.
John L. Ward is a leading world expert on the family business. In this book he brings together a vast amount of experience to show the, 'best practices' of the most successful and long-lasting families in business. He provides a framework of five insights and four principles in which to position his 50 lessons for family businesses. This is the most comprehensive book on sustaining the family business and contains international examples and cases and essential tools and checklists of best practice.
John L. Ward, a leading world expert on family business, offers the best practices of the most successful and long-lasting families in business, including Ford Motors, Marriott Hotels, Levi-Strauss, and the New York Times. He provides a framework of five insights and four principles in which to position his fifty "lessons learned" for family business longevity. This is a comprehensive book on sustaining family businesses that contains international examples, cases, essential tools, and checklists of best practices; a how-to every entrepreneur should have.
In this illuminating casebook, Roland Kidwell brings together eminent scholars and researchers, showcasing real-world examples of family businesses and potential challenges they may face. Chapters encapsulate possible tensions that may manifest within family businesses, including sibling rivalry, intergenerational conflict, and clashing ideas about work ethic. Ultimately, the authors propose that it is essential for stakeholders and those in leadership to understand what techniques, policies and behaviors do, and indeed do not, work in family firms.
There's an eerie deafening silence in the royal palace of Rudraputra, scorned by multiple layers of armed guards. Someone knows something, something that no one is supposed to find out. Going back in the gallows of time, what if Eklavya was not the chosen one at Gurukul? Is there an alternative to the past? "Am I ready? I don't want to lose! Victory is the only option! I will snatch it if I must. Either I'll win, or I'll do what no one would have imagined in their wildest dreams. Yes, I'll change the rules about how this game can be played. But is that enough? Physical superiority is not all I long, I want to rule people's mind, I need to know before it comes to me..." Is it revenge he is looking for? Vengeance is a parasite. It lurks onto you, and it grows, feeds on your body, your soul, and ultimately it becomes you! Long Live the Sullied marks a deeper dive into the epic story, debunking mysteries of God of the Sullied that left you astonished. **PRAISE FOR 'LONG LIVE THE SULLIED'** 'An enthralling read that leaves you wanting more.' - United News of India
This book, authored by three-time National Book Award winner Jim V. Lopez, helps unveil the answers to the nagging conundrum: Why do most family businesses experience a meltdown once they reach the third generation? Family Business Law Declassified: How to Beat the Third-Generation Curse reveals numerous traps that cause family businesses to falter and eventually sink into the cesspool of irrelevance and insolvency. It also offers best practices and countervailing measures to cushion the impact of the “Buddenbrooks Phenomenon,” thus helping family businesses transcend the obstacles associated with the third generation.
This is the second book of the trilogy of King William. The story continues as it follows William and Margaret growing into the position of king and queen. Follow them as their family grows, as their children find love, as William watches the kingdom getting stronger. See what happens to the family over the next twenty-five years or so as William becomes one the most powerful kings.
By day, the Duncans are an upstanding family who run a thriving car dealership in Queens. By night, they live a dangerous secret life! Carl Weber and Eric Pete deliver a thrilling underworld drama in The Family Business. L.C. Duncan, patriarch of the family, is at the age when he’s starting to think about retirement in sunny Florida. But the recession is taking a bite out of the business and, worrying more, he has to decide which of his children should take over. When his workaholic son Orlando gets the nod, Orlando’s siblings—including the favorite son Vegas, conniving daughter London, glamorous party girl Paris and flamboyant nightclub owner Rio—are up in arms. But so are the Zunigas, a rival family whose fragile business alliance with the Duncans may explode at any moment. When Vegas suddenly breaks away from the family, London’s lawyer husband, Harris, makes a play for the company and all hell breaks loose. Selling cars, it turns out, is only a small part of the Duncans’ family business. Each member of the family has a secret expertise to reveal. And now, under siege from the Mafia, Mexican drug cartels and the Zunigas, the Duncans will have to stick together—or die separately!