"Generation to Generation" presents one of the first comprehensive overviews of family business as a specific organizational form. Focusing on the inevitable maturing of families and their firms over time, the authors reveal the dynamics and challenges family businesses face as they move through their life cycles. The book asks questions, such as: what is the difference between an entrepreneurial start-up and a family business, and how does one become the other? How does the meaning of the business to the family change as adults and children age? How do families move through generational changes in leadership, from anticipation to transfer, and then separation and retirement? This book is divided into three sections that present a multidimensional model of a family business. The authors use the model to explore the various stages in the family business life span and extract generalizable lessons about how family businesses should be organized.
Generation to Generation: Life Cycles of the Family Business
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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
About the Author
Ivan Lansberg is an organizational psychologist who grew up in a family business.
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Most Helpful Customer Reviews
4 of 4 people found the following review helpful
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.
3 of 3 people found the following review helpful
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
Antonio C. Vidigal
5 of 6 people found the following review helpful
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.
Most Recent Customer Reviews
One of the most important book for Family Business Research
The book presents the theoretical basis of family business research. The Three-Cycle-Model is undoubtedly the most cited model in family business researches with great... Read more
Published 6 days ago by Lionel Camblanne
A Holistic Model of our most basic economic unit
Book Review: Generation to Generation
Generation to Generation: Life Cycles of the Family Business is, in my opinion, a major contribution to the study and... Read more
Generation to Generation: Life Cycles of the Family Business is, in my opinion, a major contribution to the study and... Read more
Published 7 months ago by Barry Bainton
Unique Book
Great book if you are looking for some theoretical work on family businesses. It addresses the family aspect (how the evolution of the business impacts the family and vice-versa),... Read more
Published on December 19, 2009 by M. Nzia Batonga
The most AUTHORITATIVE work on family firms
This book is the most authoritative work on family firms.Part I of the book applies the three-circle model to the characterization of different predictable development stages of... Read more
Published on July 28, 2009 by Hubert Shea
Family Business Types, Managing, Growing and Governance
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... Read more
Published on June 11, 2008 by Fariz
Great framework for family business
This book provides a great framework on family business. Started my career in a family business, I have my share of understanding on family business. Read more
Published on September 30, 2007 by C. Lim
A 'must-read' for the whole family !!
"Generation to Generation", published by Harvard Business School Press, is an attempt to model how family businesses work in essence. Read more
Published on November 22, 2003 by Murat Saracoglu
A perfect blend of theory and practice!
The authors effectively present a theoretical, as well as practical model of family business dynamics, incorporating the complexities of development over time. Read more
Published on September 16, 1999
Nice, but too theoretical
Provides a very thorough framework for understanding and theorizing about family owned / managed businesses. Read more
Published on March 23, 1999
Excellent roadmap for family firms
This is a mandatory book for all the people involved in the management of family businesses. I highly recommend it!!!
Published on January 20, 1999
Inside This Book
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First Sentence:
EVEN MORE THAN the family name on the door or the number of relatives in top management, it is family ownership that defines the family business. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
nonemployed owners, sibling partnership, nonemployed shareholders, key nonfamily managers, family business system, marriage enterprise, new controlling owner, developmental axis, cousin generation, family business consultants, management development team, senior generation, junior generation, ownership stages, business stage, cousin group, family business owners, family shareholders, developmental dimension, controlling owners, family council, family stage, single successor, family directors, senior family members Key Phrases - Capitalized Phrases (CAPs): (learn more)
Cousin Consortium, Young Business Family, United States, Rockman Equipment, Lombardi Enterprises, George Pilgrim, Arthur Cragston, Agricultural Publishers, Novelty Imports, Big Mike, Bill O'Day, Cragston Employment Services, Holiday Hotels, Production Credit Association, Rockman Industries, Susan Connelly, Thinking Developmentally New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
EVEN MORE THAN the family name on the door or the number of relatives in top management, it is family ownership that defines the family business. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
nonemployed owners, sibling partnership, nonemployed shareholders, key nonfamily managers, family business system, marriage enterprise, new controlling owner, developmental axis, cousin generation, family business consultants, management development team, senior generation, junior generation, ownership stages, business stage, cousin group, family business owners, family shareholders, developmental dimension, controlling owners, family council, family stage, single successor, family directors, senior family members Key Phrases - Capitalized Phrases (CAPs): (learn more)
Cousin Consortium, Young Business Family, United States, Rockman Equipment, Lombardi Enterprises, George Pilgrim, Arthur Cragston, Agricultural Publishers, Novelty Imports, Big Mike, Bill O'Day, Cragston Employment Services, Holiday Hotels, Production Credit Association, Rockman Industries, Susan Connelly, Thinking Developmentally New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 12
books:
See all 12 books this book cites
16
books
cite this book:
See all 16 books citing this book
- Family Business by Rh Value Publishing in Back Matter (1), and Back Matter (2)
- Family Business by Ernesto J. Poza on page 133, and Back Matter
- French Revolution (History Topics) by Adrian Gilbert in Back Matter
- Marriage and the Family by Bertha M. Davis in Back Matter
- Family Business by Fred Neubauer in Back Matter
See all 12 books this book cites
- Managing For The Long Run: Lessons In Competitive Advantage From Great Family Businesses by Danny Miller in Back Matter (1), Back Matter (2), and Back Matter (3)
- Strategic Planning for the Family Business: Parallel Planning to Unite the Family and Business (Family Business Publication) by Randel S. Carlock on page 28, Back Matter (1), and Back Matter (2)
- Working for a Family Business: A Non-Family Employee's Guide to Success by Christopher J. Eckrich in Back Matter
- The Organizational Form of Family Business by Stefan Bornheim in Back Matter
- Prescriptions For A Healthy Family Business by Wayne Rivers in Back Matter
See all 16 books citing this book
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