Making Sibling Teams Work: The Next Generation

Overview

Where a business was once almost invariably handed from father to son, it is now increasingly passed from a founder to a next-generation sibling team. Brothers and sisters own and run businesses together in relationships that can be characterized by strength, joy, love and support or by dysfunction, disharmony and disaster. Making Sibling Teams Work will help those who have accepted the responsibility of preserving and building a business to find success in their own generation while setting the stage for the ...

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Overview

Where a business was once almost invariably handed from father to son, it is now increasingly passed from a founder to a next-generation sibling team. Brothers and sisters own and run businesses together in relationships that can be characterized by strength, joy, love and support or by dysfunction, disharmony and disaster. Making Sibling Teams Work will help those who have accepted the responsibility of preserving and building a business to find success in their own generation while setting the stage for the generation to follow.

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Editorial Reviews

From the Publisher
"Making Sibling Teams Work: The Next Generation shows once again the practical insights and experienced wisdom that Aronoff, Astrachan, Mendoza, and Ward bring to those who seek family and business success across generations."  —R. Mark Litzsinger, Chairman of the Board, Follett Corporation

"A tremendous resource for siblings to use in creating a working structure from which to grow the business."  —Michael Beddor, President, Japs-Olson Co., Inc., Minneapolis, MN

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Product Details

  • ISBN-13: 9780230111080
  • Publisher: Palgrave Macmillan
  • Publication date: 12/15/2010
  • Series: A Family Business Publication
  • Pages: 104
  • Sales rank: 1,453,304
  • Product dimensions: 5.53 (w) x 8.33 (h) x 0.24 (d)

Meet the Author

Craig E. Aronoff is Co-founder, Principal Consultant, and Chairman of the Board of the Family Business Consulting Group, Inc., the founder of the Cox Family Enterprise Center and current Professor Emeritus at Kennesaw State University. He invented and implemented the membership-based, professional-service-provider sponsored Family Business Forum, which has served as a model of family business education for universities world-wide.

Joseph H. Astrachan is Wachovia Eminent Scholar Chair of Family Business, Executive Director of the Cox Family Enterprise Center, and one of the founders of the Executive MBA for Families in Business at the Coles College of Business, Kennesaw State University.  He is editor of the scientific jourbanal, the Jourbanal of Family Business Strategy, and immediate past editor of Family Business Review.

Drew S. Mendoza is the Managing Principal of the Family Business Consulting Group, Inc. and was the founding director of the Loyola University Chicago Family Business Center, recognized as a leading think tank on issues unique to business-owning families.

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.

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Table of Contents

I. Introduction: The Crucial Generation
• II. The Era of Sibling Partnerships
• III. What Makes the Sibling Generation Different
• IV. The Farsighted Founder
• V. In-Laws or Outlaws? Making Siblings' Spouses a Part of the Team
• VI. Building a Healthy Team * VII. Creating the Right Environment
• VIII. Choosing a Leader
• IX. Communication Between Team and Parents
• X. Remember, It's Family
• XI. Preparing the Next (Cousin) Generation
• XII. Summary
• Index

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