Additional Information
Book Details
Abstract
Recognition of the power and importance of businesses controlled by family shareholder groups has grown steadily over the past 30 years. Apologies for working in the family business in the 1980s and 1990s have been replaced by public pride on the parts of leaders of family controlled firms for their enduring growth under family control and contributions to all stakeholders in the enterprise.
What has been missing from the business literature is a guide to the processes, structures and interventions that assist family-controlled enterprises to sustain continuity of growth, family control and family harmony. This book compiles the wisdom of experienced leaders of family growth companies and those who advise them, focusing on what works to sustain business success without sacrificing family relationships or control. Each of the contributors is grounded in deep management or professional expertise guiding or advising family-controlled enterprises. And each chapter contains clear, practical advice on how to address issues that challenge family firm leaders and their advisers on a regular basis.
This new book demonstrates to members of family shareholder control groups, their non-family executives and members of the boards of directors, as well as lawyers and other long-term advisers, that there are ways to address the emotionally powerful issues and challenges that are specific to family controlled enterprises. Many of these proven solutions to the special requirements of leading family firms have broad global applications, assisting them to grow, without sacrificing their culture or strategy.
Richard Narva is the gold standard when it comes to insights and advice on the world of family business!
Steve Forbes
Chairman and Editor-in-Chief of Forbes Media
Table of Contents
Section Title | Page | Action | Price |
---|---|---|---|
Front Cover | 1 | ||
Title | 2 | ||
Copyright | 3 | ||
Table of contents | 4 | ||
Preface Richard L Narva Narva & Company | 8 | ||
Part I. Understanding the power and constraints of family shareholder control groups | 12 | ||
Entrepreneurship in family firms: re-examining the fascination with success, failure and succession Jennifer Halyk Communications consultant | 12 | ||
Entrepreneurial family businesses and family entrepreneurs: the unsung heroes of entrepreneurial effort Matt Allen Babson College | 20 | ||
The entrepreneurial family revisited Ramona Kay Zachary Baruch College, The City University of New York | 28 | ||
Working with siblings and how to survive them Lucio E Dana Creativity in Business Pty Ltd, trading as Family Business Dynamics Kosmas X Smyrnios RMIT University Australia | 40 | ||
Thriving once thefounder has gone Doug Rauch Conscious Capitalism | 58 | ||
The power of family Shari Wyner Narva Narva & Company | 68 | ||
Consulting with a clinician Adam Narva Psychologist | 76 | ||
Part II. Building human capital to lead family controlled enterprises | 86 | ||
Characteristics of centennial family companies Ernesto J Poza Thunderbird School of Global Management | 86 | ||
Understanding paternalistic leadership of family enterprisesDorothy Nebel de Mello Nebel&Mello Consultores Associados and BI International | 102 | ||
Effective legal representation of family firm clients John L Talvacchia Eckert Seamans Cherin & Mellott, LLC | 116 | ||
This is not your father’s HR department Joshua A Narva Sonos Inc | 128 | ||
Challenges facing the executive coach in a family firm Sunny Stout-Rostron Institute of Coaching at McLean Hospital | 132 | ||
Part III. Designing family controlled organisation for growth | 150 | ||
A practitioner’s guide to transferring a family business from one generation to the next Frederic J Marx Hemenway & Barnes LLP | 150 | ||
Effective family governance in entrepreneurial families Kathrin Phelan Midgley Phelan Family Enterprises, LLC | 160 | ||
Building for success: better governance today begets a brighter tomorrow Denis Thomas USALCO, LLC | 168 | ||
One family business’s governance journey Daniel B Hatzenbuehler E Ritter & Co | 178 | ||
The non-executive chair’s role in maintaining and strengthening the cultureof the enterprise Gareth M Ackerman Pick n Pay Stores Limited | 190 | ||
The role of independent directors in family controlled listed enterprises Richard L NarvaNarva & Company | 206 | ||
Part IV. Financing growth and change in family controlled enterprises | 220 | ||
Shareholders’ agreements for family-controlled businesses: managing expectations and covering all bases Dara C Bachman Timothy Malloy Michael L Mixell Barley Snyder, LLP | 220 | ||
How the best family business owners optimise their financial adviser relationship David C Linton Bigelow LLC | 238 | ||
Challenges faced by family\rcontrolled companies in\rgrowing by acquisition\rSimon Mordant\rLuminis Partners affiliated with Evercore | 248 | ||
How to manage the successful disposition of a family firm Charles S Fradin Former family business owner and corporate director | 256 | ||
Family enterprises and their real estate Janet B Fierman Sheehan, Phinney, Bass + Green, PA | 266 | ||
Part V | 284 | ||
Afterword Richard L Narva Narva & Company | 284 | ||
About the authors | 286 |