Family Business Compensation (Family Business Leadership Series Number 5) [Paperback]

John L. Ward Craig E. Aronoff (Author)

Book Description

ISBN-10: 0965101150 | ISBN-13: 978-0965101158 | Publication Date: October 1993 0

Compensation matters are among the most frequently asked * and complicated questions facing business-owning families. What is * fair? How can the rewards of ownership be distinguished from pay for * performance? How can the owner motivate and retain key non-family * employees? Family Business Compensation shows you how to deal with * these tough issues in ways that strengthen your business and your * family teams. This booklet shows you how to: develop a philosophy of * compensation; establish incentive plans; make compensation a * catalyst for business planning; compensate non-family executives; * build trust through the compensation process; communicate about * compensation; anticipate and avoid common compensation problems; and * much more... Family Business Compensation gives straight answers * and sound advice for family businesses of any size or in any stage * of development.

Editorial Reviews

Review

“Family Business Compensation has the kind of information that is very hard to get anyplace else--especially as it relates to pay in family firms.  The compensation strategies are well shaken down and time-tested with real family firms.  You don't have to go searching 16 different places to find the best thinking on family business compensation—it’s all here in one place.”  —Jim Phillip, President, Phillip's Flowers, Westmont, IL

 

“Family Business Compensation was so good that I sent six copies to close associates...the authors provide great insight into an issue that threatens most family businesses.”  —E. Brooke Lee, III, President, LDG, Inc. Silver Spring, MD, 1999 MassMutual National Family Business of the Year

--This text refers to an alternate Paperback edition.

About the Author

Craig E. Aronoff is Co-founder, Principal Consultant, and Chairman of the Board of the Family Business Consulting Group, Inc., the founder of the Cox Family Enterprise Center and current Professor Emeritus at Kennesaw State University. He invented and implemented the membership-based, professional-service-provider sponsored Family Business Forum, which has served as a model of family business education for universities world-wide.

 

Stephen L. McClure is a Principal Consultant at the Family Business Consulting Group, Inc. and specializes in family communications and decision making, succession planning and implementation, and governance & management in family firms. 

 

John L. Ward is Co-founder of the Family Business Consulting Group Inc. He is Clinical Professor at the Kellogg School of Management and teaches strategic management, business leadership and family enterprise continuity.

--This text refers to an alternate Paperback edition.

Product Details

• Paperback: 68 pages
• Publisher: Business Owner Resources (October 1993)
• Language: English
• ISBN-10: 0965101150
• ISBN-13: 978-0965101158
• Product Dimensions: 8.8 x 5.8 x 0.3 inches
• Shipping Weight: 5.6 ounces
• Amazon Best Sellers Rank: #3,097,095 in Books (See Top 100 in Books)