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Editorial Reviews
Product Description
Finding the right successor to a well-loved founder or president is often the most difficult task an organization can face-and the challenge is often even greater for family-run businesses. Succeeding Generations explores leadership transitions in family businesses, offering a clear-eyed assessment of the different options, from direct succession to building partnerships between siblings and cousins.
Family-owned companies may dominate the worldwide business landscape, yet surprisingly few are successfully passed down from one generation to the next, and fewer still reach the third generation intact. Author Ivan Lansberg, an organizational psychologist who grew up in a family business, examines the reasons behind this high failure rate, and reveals the factors that contribute to long-term success. Succeeding Generations offers a framework for understanding the succession process, as Lansberg highlights the need for families to share a "dream" much like a business has a vision. He also offers practical advice on how to mentor successors, how to set up a systematic selection process, and how to make the best use of the board of directors during times of transition. With a wealth of examples from companies in the U.S., Europe, and Latin America, Succeeding Generations provides a thoughtful and comprehensive look at the sensitive dynamics of leadership succession in family businesses.
Planning for continuity is a life-long process for families in business, and Succeeding Generations is the first book to provide in-depth answers to the questions that arise at every stage in the evolution of the family firm.
About the Author
Ivan Lansberg, a coauthor of Generation to Generation, is a principle of Lansberg, Gersick and Associates and cofounder of the Family Firm Institute.
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Front Cover | Front Flap | Table of Contents | First Pages | Index | Back Flap | Back Cover | Surprise Me!
Inside This Book
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First Sentence:
IN thinking about succession, family business owners and the professionals who advise them have generally had only one road map to follow: The literature in the field has been largely limited to transitions from one controlling owner to another controlling owner (CO to CO). Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
controlling owner business, controlling owner form, cousin consortium, future business form, sibling partnership, many family companies, family business forms, family business field, mentoring period, many business families, successor candidates, family shareholders, family business owners, cousin companies, lead sibling, passive shareholders, sibling teams, young family members, leadership arrangement, succession transition, outgoing leaders, many family businesses, strategic selection, family directors, generational transition Key Phrases - Capitalized Phrases (CAPs): (learn more)
Lombardi Enterprises, United States, Markets Division, Paul Lombardi, Trucking Division, Anna Lombardi, Frank Lombardi, Fred Wang, Johnson's Wax, Rita Lombardi, Robert Lombardi, Wall Street, Wang Laboratories, Imports Division, Northern California, Tom Watson, World War New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Front Flap | Table of Contents | First Pages | Index | Back Flap | Back Cover | Surprise Me!
IN thinking about succession, family business owners and the professionals who advise them have generally had only one road map to follow: The literature in the field has been largely limited to transitions from one controlling owner to another controlling owner (CO to CO). Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
controlling owner business, controlling owner form, cousin consortium, future business form, sibling partnership, many family companies, family business forms, family business field, mentoring period, many business families, successor candidates, family shareholders, family business owners, cousin companies, lead sibling, passive shareholders, sibling teams, young family members, leadership arrangement, succession transition, outgoing leaders, many family businesses, strategic selection, family directors, generational transition Key Phrases - Capitalized Phrases (CAPs): (learn more)
Lombardi Enterprises, United States, Markets Division, Paul Lombardi, Trucking Division, Anna Lombardi, Frank Lombardi, Fred Wang, Johnson's Wax, Rita Lombardi, Robert Lombardi, Wall Street, Wang Laboratories, Imports Division, Northern California, Tom Watson, World War New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Front Flap | Table of Contents | First Pages | Index | Back Flap | Back Cover | Surprise Me!
Citations (learn more)
This book cites 16
books:
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8
books
cite this book:
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- The French Revolution (Questions and Analysis in History Series) by Jocelyn Hunt in Back Matter (1), Back Matter (2), and Back Matter (3)
- Family Business (Director's Guides) by Institute of Directors on page 38, and Back Matter
- King Lear (The New Folger Library Shakespeare) by William Shakespeare on page 249
- The French Revolution by Douglas W. J. Johnson in Back Matter
- Identity: Youth and Crisis by Erik H. Erikson in Back Matter
See all 16 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)
- Keep or Sell Your Business: How to Make the Decision Every Private Company Faces by Mike Cohn in Back Matter (1), and Back Matter (2)
- Prescriptions For A Healthy Family Business by Wayne Rivers in Back Matter
- The Purchase of Intimacy by Viviana A. Zelizer in Back Matter
- Get It Together: Organize Your Records So Your Family Won't Have To by Melanie Cullen on page 43
See all 8 books citing this book
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What Do Customers Ultimately Buy After Viewing This Item?
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66% buy the item featured on this page: Succeeding Generations: Realizing the Dream of Families in Business $34.20 |
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11% buy Generation to Generation: Life Cycles of the Family Business $26.40 |
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8% buy Keep the Family Baggage Out of the Family Business: Avoiding the Seven Deadly Sins That Destroy Family Businesses $11.97 |
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8% buy Family Business Succession: The Final Test of Greatness, Second Edition $21.95 |
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