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Generation to Generation: Life Cycles of the Family Business Hardcover – January 1, 1997

ISBN-13: 978-0875845555 ISBN-10: 087584555X

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Generation to Generation: Life Cycles of the Family Business + Keep the Family Baggage Out of the Family Business: Avoiding the Seven Deadly Sins That Destroy Family Businesses + Perpetuating The Family Business: 50 Lessons Learned from Long Lasting, Successful Families in Business (A Family Business Publication)
Price for all three: $79.93

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Product Details

  • Hardcover: 320 pages
  • Publisher: Harvard Business Review Press (January 1, 1997)
  • Language: English
  • ISBN-10: 087584555X
  • ISBN-13: 978-0875845555
  • Product Dimensions: 9.5 x 6.4 x 1.2 inches
  • Shipping Weight: 1.4 pounds (View shipping rates and policies)
  • Average Customer Review: 4.7 out of 5 stars  See all reviews (15 customer reviews)
  • Amazon Best Sellers Rank: #363,079 in Books (See Top 100 in Books)

Editorial Reviews

From Booklist

The authors claim that between 65 to 80 percent of all businesses worldwide are family owned or managed, including up to 40 percent of the Fortune 500. Yet most of what we read about family businesses are sensational accounts of blood feuds and internecine battles over money and control. This study takes a more analytical look at what makes family firms different from other corporations; it grew out of the authors' collaboration at the Owner Managed Business Institute, where they worked on an ongoing project for Caterpillar, Inc., that began more than a dozen years ago. Now a multinational conglomerate, Caterpillar began as a family firm, and many of its products are distributed through family-operated dealerships. From that work, the authors developed a model that looked at these businesses from three different aspects: ownership, family, and business. They also identified four classic family-business types and here address the management issues that arise as firms evolve from one type to the next. David Rouse

Review

Generation to Generation is not only a Rand McNally for family businesses, it is a Fodor’s as well. Participants in family businesses, no matter what their ages, will find this book an invaluable road map and guide.” — Frank Perdue, Poultry Executive

“A seminal book about a topic usually neglected if not ignored—the family owned business—which is what makes Generation to Generation so important and vital. Bringing their rich experiences to bear, along with powerful analytic heft, the authors have written what will be, in a very short time, a classic.” — Warren Bennis, University Professor and Distinguished Professor of Business Administration, University of Southern California, and author of Organizing Genius and On Becoming a Leader

“A family controlled business can be a blessing or a curse. For those of us fated to cope with these issues, Generation to Generation is a long overdue ‘must read.’” — William K. Coors, Chairman of the Board & President, Adolph Coors Company

“Anyone interested in the survival of the family business should read this book carefully. In a very sensible and sensitive way the authors provide a wealth of insight into the generational vicissitudes of this kind of enterprise.” — Manfred F. R. Kets de Vries, Clinical Professor of Management and Leadership, INSEAD

“The authors have zeroed in on the distinctive culture, the unique strengths, and the complexities and challenges of the family controlled business. In practice, this model will help those who run, consult with, or work for family businesses.” — Ralph J. Roberts, Chairman, Comcast Corporation

More About the Author

For over thirty years, John A. Davis has served as an academic, advisor, writer and speaker in the family enterprise field. He is considered a leading authority on family enterprise, family wealth, leadership and succession.

Trained in business management, psychology, and economics, Professor Davis works globally on topics such as dynastic success, corporate and family governance, working with relatives, succession planning, developing the next generation, shareholder relationships, strategic and leadership development, and professionalizing the family business. Professor Davis is the Founder and Chairman of two leading, international organizations that support enterprising families: The Cambridge Institute for Family Enterprise, a research and education institute, and Cambridge Advisors to Family Enterprise, an advisory firm. He has also been recognized as one of America's leading wealth advisors.

A faculty member at Harvard Business School (HBS) since 1996, Professor Davis teaches the MBA course Management of the Family Business and is co-founder and faculty chair of the executive education program Families in Business: From Generation to Generation, which addresses pivotal issues facing family businesses. He is also faculty chair of the executive program, Crossroads: Discovering the Path Ahead, about life planning for executives, and teaches in the Owner/President Management, Key Executives, Launching New Ventures, and other executive programs at HBS. He has served on the faculty of the Graduate School of Business at the University of Southern California and has lectured on family business management at Stanford University, IMD (Switzerland), INCAE (Costa Rica), Universidad Adolfo Ibanez (Chile), and Universidad de los Andes (Chile).

Professor Davis is co-creator of the Three-Circle Model, with Professor Renato Tagiuri, which is the fundamental paradigm in the family business field, and co-author of Generation to Generation: Life Cycles of the Family Business, a preeminent work in the field, published by Harvard Business School Press. He has authored journal articles and HBS cases, readings, and multimedia tools on a wide range of topics pertinent to family enterprises. He is completing a book on the practices of successful family business dynasties and another on the governance of family companies. His theories and observations have been cited by the Wall Street Journal, The New York Times, Financial Times, Economist, Fortune, Business Week, Exame (Brazil), Family Business magazine, and several other publications.

Professor Davis is a fellow of the Family Firm Institute and board member of the Business Families Foundation. He serves on the editorial board of the Family Business Review, the leading journal in the field, and the Journal of Family Business Strategy. He is a member of the Academy of Management, the Family Business Network, and the International Family Enterprise Research Academy.

@ProfJohnDavis
www.johndavis.com

Customer Reviews

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Most Helpful Customer Reviews

6 of 6 people found the following review helpful By A Customer on August 13, 1999
Format: Hardcover
I think this is one of the best books available on family businesses! I found it insightful and informative. I think anyone interested in the subject should read this book. I strongly disagree with the review that describes this book as "too theoretical." I found it immensly practical.
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8 of 9 people found the following review helpful By Rolf Dobelli HALL OF FAME on April 1, 2002
Format: Hardcover
Most businesses in the world today are owned by families, but only a small percentage of these companies will survive and grow into major corporations. The unique challenges posed by family ownership can undermine even the best-performing small business, as issues of control and succession permeate the generations. In Generation to Generation, the authors apply the simple premise that managing a family-owned business to a large extent means managing the family itself. To that end, they provide a rich compendium of research and strategic suggestions for those charged with making a family business work, including the consultants who guide them. We from getAbstract highly recommend this book for these applicable measures and methods, which will help the performance of both business and family.
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5 of 5 people found the following review helpful By A Customer on April 26, 1997
Format: Hardcover
The authors took ten years studying hundreds of family firms to write this very deep and understanding description of how a family business develops trhu time. A must for anyone interested in this fascinating subject.
Antonio C. Vidigal
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5 of 6 people found the following review helpful By A Customer on September 16, 1999
Format: Hardcover
The authors effectively present a theoretical, as well as practical model of family business dynamics, incorporating the complexities of development over time. This book is a must-read to gain a deep understanding of families in business from the key perspectives of familiy, business, and ownership. Their use of case examples effectively illustrate the practical application and relevance of theory. To sum it up, it's steak AND sizzle!
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2 of 2 people found the following review helpful By Murat Saracoglu on November 22, 2003
Format: Hardcover
"Generation to Generation", published by Harvard Business School Press, is an attempt to model how family businesses work in essence. The authors' research include interesting vignettes and 'lessons-learned' from a variety of families; how they achieved their goals, how they resolved conflicts between family members etc. Since the topic of family business in academics is fairly new, this book can be considered as one of the best in its field.
Important topics (such as succession, development stages and inter & intragenerational issues) are covered in detail to enlighten the reader. Contrasting viewpoints are also included to make the reader think for his or herself.
In general, the book is fairly easy to read since it explains the modeling theory with examples from numerous enterprises.
I strongly recommend it all who are destined to work in the complex system called family business.
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1 of 1 people found the following review helpful By Fariz on June 11, 2008
Format: Hardcover
A very well methodical approach on issues relating to governance of a family business which invariably covers multi-dimensional issues of emotions, tradition, moving forward and competing interests. Short of meeting John Davis himself, this is a good guide for a 'family' business. John Davis with his experience over more than 30 years consulting family businesses world wide crystalises some hard issues family enterprise deals with. It covers Dimensional development model of Ownership, Family and Business as well as the 4 Classic Family Business Types right through to Managing the developing a family business. It can be a good guide not only to family businesses but also those who work closely with or for family businesses such as consultants and key employees.
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3 of 4 people found the following review helpful By A Customer on January 20, 1999
Format: Hardcover
This is a mandatory book for all the people involved in the management of family businesses. I highly recommend it!!!
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Format: Kindle Edition Verified Purchase
Very good reference book on Family business. Essential reading for those who run family businesses. Family Business concepts are clearly explained to enable easy understanding.
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