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Keeping the Family Business Healthy: How to Plan for Continuing Growth, Profitability, and Family Leadership

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Overview

Based on research and interviews with leaders at family firms this book will help you evaluate what stage of growth you are in; how to begin your strategic and corporate plans; when to begin implementing growth plans and how to prepare the family for change.

Good planning is more than just thinking ahead—businesses need a strategic approach to ensuring their success.  Keeping the Family Business Healthy provides readers with a guide to strategic thinking—including

·         how to maintain growth

·         how to shape business direction

·         preparing for new leadership;

·         and working with a large and diverse family base. 

Includes tools that help you implement growth:

·         Sample business models and family plans

·         Sample business analysis

·         A questionnaire on business values

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Product Details

  • ISBN-13: 9780230111219
  • Publisher: Palgrave Macmillan
  • Publication date: 1/4/2011
  • Series: A Family Business Publication Series
  • Edition description: New Edition
  • Pages: 272
  • Sales rank: 953,544
  • Product dimensions: 6.20 (w) x 9.30 (h) x 1.10 (d)

Meet the Author

John L. Ward is Co-founder of the Family Business Consulting Group Inc. He is Clinical Professor at the Kellogg School of Management and teaches strategic management, business leadership and family enterprise continuity. Ward is the author or co-author of several leading texts on family business, Family Business As a Paradox, Creating Effective Boards for Private Enterprises, Strategic Planning for the Family Business, Perpetuating the Family Business, Unconventional Wisdom and Family Business Key Issues. He is also an author of many titles in The Family Business Leadership Series, each focusing on specific issues family businesses face.

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Table of Contents

Foreword - Léon A. Danco
• Preface
• The Author
• 1. The Challenge of Keeping a Family Firm Alive
• 2. Overcoming Barriers to Long-Term Business Health
• 3. Ensuring Family Interests in Leading the Business
• 4. Assessing the Firm's Financial and Market Situation
• 5. Developing a Strategic Plan for the Business
• 6. Planning the Family's Role in the Company's Future
• 7. Shaping a Business Strategy that Includes the Family
• 8. The Transition to New Leadership: Promoting a Revitalized Business Vision and Strategy
• Epilogue: Making the Commitment to Plan for Future Generations
• Appendix A: Family Business Values Questionnaire
• Appendix B: Sample Financial Analysis of Business
• Appendix C: Strategic Planning Worksheets
• Appendix D: Sample Business Strategic Plan
• Appendix E: Sample Family Strategic Plan
• Appendix F: Democratic Capitalism
• Appendix G: Note on Research on Family Business
• References
• Index

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