Family Business Succession: The Final Test of Greatness, Second Edition (Paperback)

~ Craig E. Aronoff (Author), Stephen L. McClure (Author), John L. Ward (Author) "Few challenges demand more of a business owner than passing on the family business to the next generation..." (more)
Key Phrases: family business leader, personal rationale, managing succession, Quaker Boy, Adolph Ochs (more...)

Editorial Reviews

Product Description

Few challenges demand more of a business owner than passing on the family business to the next generation. Family members' lifelong hopes, dreams, ambitions, relationships, even personal struggles with mortality--all figure into managing succession.

This second edition of a 1992 classic reflects many more years' worth of knowledge gained in the study of family business. This edition identifies succession management problems and solutions for any family business CEO, whether the business is in its first or second or third generation, or beyond. This edition focuses not only on succession planning but more so on managing succession. Good succession management is like good strategic planning. Once the planning is completed, the real challenge and greatest value comes from keeping it current and implementing it.

Family Business Succession: The Final Test of Greatness, 2nd edition helps break the complex succession planning and management process into understandable pieces. In its pages you'll learn: the different types of leadership transitions; how to overcome resistance to transferring power, as well as ideals for new roles, new careers and other post-retirement activities; five pieces for good management of the succession process; to prepare your business for succession; to prepare your family for a successful transition; develop effective successors; the process of choosing a successor; how to implement succession; how to avoid common post-succession mistakes and problems; and much more...

Family Business Succession shows how to turn succession from a potentially explosive crisis into a renewed commitment to the business and the family. It is fast reading, filled with real-life cases, practical tips and 15 useful exhibits.

Product Details

• Paperback: 74 pages
• Publisher: Business Owner Resources (February 1, 2003)
• ISBN-10: 1891652095
• ISBN-13: 978-1891652097
• Product Dimensions: 8.8 x 5.8 x 0.3 inches
• Shipping Weight: 4.8 ounces (View shipping rates and policies)
• Average Customer Review: 5.0 out of 5 stars  See all reviews (3 customer reviews)
• Amazon.com Sales Rank: #435,000 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

5.0 out of 5 stars Highly Recommended, August 29, 2008

By	Margit Willems Whitaker "Margit Willems" (Baltimore, MD USA) - See all my reviews (REAL NAME)

This is a great overview of succession planning for any family business owner, whether the business is in its first, second or third generation. It is also a good source to help other family members and key non-family members get a sense of what succession planning is, as well as what is involved in the in the succession planning process.

5.0 out of 5 stars Excellent, January 4, 2007

By	V. Scott - See all my reviews (REAL NAME)

This is a great overview of succession planning for family businesses. Not only did I enjoy reading it, I give copies to family business owners, their family members, and/or their employees who are struggling with this issue. I highly recommend it!!!

1 of 2 people found the following review helpful:

5.0 out of 5 stars The next 100 years of your family business., February 6, 2005

By	Lightworker (Delray Beach, FL USA) - See all my reviews

I highly recommend all of John Ward's books about family businesses.