Family Business on the Couch: A Psychological Perspective / Edition 1

Family Business on the Couch: A Psychological Perspective / Edition 1

by Manfred F. R. Kets de Vries, Randel S. Carlock, Elizabeth Florent-Treacy
     
 

“Effectively peels back the surface of family businesses to explore the impact of individual personality and interpersonal relationships – powerful but easily ignored factors in the world of private enterprise.”

—Andreas Sohmen-Pao, Chief Executive Officer, BW Shipping

“Groundbreaking and holistic view that gives a family

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Overview

“Effectively peels back the surface of family businesses to explore the impact of individual personality and interpersonal relationships – powerful but easily ignored factors in the world of private enterprise.”

—Andreas Sohmen-Pao, Chief Executive Officer, BW Shipping

“Groundbreaking and holistic view that gives a family business soul while explaining irrationalities in a rational way.”

Mr Chavalit Tsao, Chairman IMC Group, Singapore

“Family business is a topic of considerable importance to my firm because we are a family business as are many of our most important clients. The book’s focus on both individual and family psychology offers new insights into the positive and negative influences that family relationships bring to the supposedly rational business world.”

—Raymond J. Baer, Chairman of the Board, Julius Baer Holding Ltd

“Fascinating read. I believe very strongly in the statement that ‘too many people take a rational actor approach’ when it comes to family controlled businesses (FCB). There are limits to logical decision making and we need to explore those. FCB are therefore essentially more human than publicly owned companies and it is only appropriate that we should apply psychological theories of human mental phenomena and behaviour, to understand them better.”

André Hoffmann, Non Executive Vice Chairman - Board of Directors, Roche Group Ltd

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Product Details

ISBN-13:
9780470516713
Publisher:
Wiley
Publication date:
11/20/2007
Edition description:
New Edition
Pages:
324
Product dimensions:
9.00(w) x 6.00(h) x 0.88(d)

Table of Contents

Preface

Acknowledgements

PART I: QUESTIONS AND OBSERVATIONS

Introduction

Endnote

1 A Psychological Perspective on Business Families

Psychodynamic and family systemic perspectives

Key ideas from the psychodynamic approach

The role of transference and countertransference

The family systemic perspective

A therapeutic alliance

A summing-up

Endnotes

2 The Challenges of Love and Work

Conflicting goals in the family business

The tree-circles model

How conflict can develop

Endnotes

3 Family Business Practices: Assessing Strengths and Weaknesses

The interface of business and family practices

Assessing the health of a family business

Endnotes

PART II: REFLECTION AND LEARNING

4 The Life Cycle as an Organizing Construct

The multiple life cycles of the family business

Key models of human psychological development

The family life cycle

Carter and McGoldrick’s family-based life cycle model

Applying the life cycle in family businesses

Endnotes

5 Narcissism, Envy, and Myths in Family Firms

Personality types

Managerial implications of dysfunctional narcissism

The importance of individuation

The family firm as transitional object

The power of envy

Games families play: the role of family myths

The impact of family myths on the family business

Summary

Endnotes

6 The Entrepreneur: Alone at the Top

Common personality characteristics of founder-entrepreneurs

Larry Ellison and Oracle

Deciphering the inner theater of the entrepreneur

Common defensive structures in founder-entrepreneurs

Maintaining the balance

Endnotes

7 Leadership Transition: Replacing a Parent as CEO

Options for tackling the succession problem

The inheritance

Psychological pressures on new leaders

Staying on course

Endnotes

8 A Systemic View of the Business Family

A two-way relationship

The evolution of systems theory

The development of family-systems theory

The family-systems proposition

Family scripts and rules

Family scripts in the family business

A practical example of family systems thinking

Endnotes

9 Diagnosing Family Entanglements

The family genogram

The Circumplex Model of marriage and family systems

Differentiation of self from family of origin

Two family stories

Endnotes

PART III: INTEGRATION AND ACTION

10 Addressing Transitions and Change

Lewin’s ideas on change

The Kets de Vries model of individual change

Major themes in the individual journey toward change

The process of change within organizations

The change process in families

Family focus or organization focus?

Endnotes

11 The Vicissitudes of Family Business

The Steinbergs: A study in self-destruction

The immigrant dream

His mother’s son

The entrepreneur’s vision

Sam as a family business leader

The entrepreneur’s dilemma: Passing the baton

The next generation

Irving Ludmer: Play it again, Sam

A family systems perspective on the Steinbergs

The effects of Sam Steinberg’s inner world on the family business

The inner theater of Sam’s daughters

What if?

Endnotes

12 Putting Family Business Intervention into Practice

The Family Action Research Process

The succession conundrum

The role of the outside adviser

Advice to families seeking help

The benefits pf a psychodynamic systems perspective

Final words

Endnotes

Appendix 1: Developing a Business Family Genogram

Creating the genogram

Therapeutic applications of the genogram

Using the genogram to identify family scripts and themes

How genograms improve communication

Endnotes

Appendix 2: The Clinical Rating Scales and the Circumplex Model

How the CRS work

Endnotes

Index

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