Preparing Successors for Leadership: Another Kind of Hero

Overview

The founders of the family business must impart their vision and leadership to succeeding generations.  Preparing those generations for leadership is challenging and encompasses a lifetime, but it is critical to the continuity and revitalization of the business.  Aronoff and Ward's strategy for a smooth transition prepares successors for their role in the future of the firm.

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Overview

The founders of the family business must impart their vision and leadership to succeeding generations.  Preparing those generations for leadership is challenging and encompasses a lifetime, but it is critical to the continuity and revitalization of the business.  Aronoff and Ward's strategy for a smooth transition prepares successors for their role in the future of the firm.

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Editorial Reviews

From the Publisher
“Questions of leadership succession are likely to be key strategic concerns for any enterprise going forward. Family owned businesses bring unique challenges and opportunities in this important question.  Preparing Successors for Leadership provides an extremely effective framework for thinking about and assisting family succession issues.  It will provide great insight both to family members and other leaders with whom they work."  —Ralph Christensen, Sr. VP, Hallmark Cards, Inc., Kansas City, MO

“Preparing Successors for Leadership channeled our thinking about—now, our succession plans are moving smoothly ahead; one is complete and one is in progress.  Without the inspirational influence provided by John and Craig it is certain that we would not have carried out this planning half as well as we have."  —Barton S. Mitchell, E. Stewart Mitchell, Inc., Baltimore, MD and Superior Paving Corp., Gainesville, VA

“An excellent real life approach on how to pass the torch to the next generation—provides the critical questions that all family business owners should consider.  Preparing Successors for Leadership is not only a must read for family business owners, but just as importantly for their advisors."  —Louis Tuck, Warren Averett, Kimbrough & Marino, LLC, Birmingham, AL

 “An excellent guide to one of the most important issues family businesses face helping successors develop attitudes and abilities that maximize their leadership qualities.”  —Doug Brown, CEO, Fresh Products, Inc., Toledo, OH

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Product Details

  • ISBN-13: 9780230110991
  • Publisher: Palgrave Macmillan
  • Publication date: 12/15/2010
  • Series: A Family Business Publication
  • Edition description: Reprint
  • Pages: 100
  • Sales rank: 1,220,665
  • Product dimensions: 5.55 (w) x 8.30 (h) x 0.22 (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
• II. Attitude Preparation: The Early Years
• III. Entry Into the Business
• IV. The Business Development Stage
• V. The Leadership Development Stage
• VI. Situations with Multiple Siblings
• VII. If the Shoe Fits
• VIII. The Role of the Successor in Business Revitalization
• IX. Family Relations During Successor Development
• X. Special Challenges to the Owner-Manager
• XI. Special Challenges to the Successor
• XII. Summary
• Resource List
• Index

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