More than Family: Non-Family Executives in the Family Business

Overview

Hiring and working with non-family managers can present challenges to the family business.  Developing trusting relationships with people from outside the family and sharing secretive information are some of the difficulties expanding companies can face.  However, it is essential to create an environment in which non-family managers can succeed for the good of the business and the good of the family.  This book explores the processes of hiring, managing, and retaining talented outside ...

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More than Family: Non-Family Executives in the Family Business

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Overview

Hiring and working with non-family managers can present challenges to the family business.  Developing trusting relationships with people from outside the family and sharing secretive information are some of the difficulties expanding companies can face.  However, it is essential to create an environment in which non-family managers can succeed for the good of the business and the good of the family.  This book explores the processes of hiring, managing, and retaining talented outside executives.

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Editorial Reviews

From the Publisher
"Having recently gone through the process of identifying, hiring, and orienting non-family executives for our family business, I found the concepts and strategies in More Than Family to be extremely relevant and helpful.  The process of bringing a non-family executive into a family business requires much forethought and planning.  This book serves as a very informative resources guide for the issues associated with this process."  —Rick Fogelman, CEO, Fogelman Properties, Memphis, TN

"John Ward and Craig Aronoff nailed it! Assisting family-owned businesses in identifying, attracting and retaining key non-family executives is what we do on a daily basis around the world.  In More Than Family: John and Craig have captured the crucial elements of this process.  Congratulations."  —John R. Berry, Chicago, IL

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Product Details

  • ISBN-13: 9780230111110
  • Publisher: Palgrave Macmillan
  • Publication date: 12/15/2010
  • Series: A Family Business Publication
  • Edition description: Reprint
  • Pages: 104
  • Product dimensions: 5.40 (w) x 8.10 (h) x 0.40 (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.

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: A Fruitful Collaboration
• II. A Delicate Relationship: Family Business Owners and Non-Family Executives
• III. Striking the Right Match
• IV. Making Non-Family Executives a Part of Your Team
• V. Managing the Transition to the Next Generation
• VI. The Non-Family CEO
• VII. Just Rewards: Compensation and Incentives for Non-Family Executives
• VIII. An Open Letter to the Non-Family Executive
• IX. Summary
• Index

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