Succeeding Generations

Succeeding Generations

by Ivan Lansberg
     
 


Finding the right successor to a well-loved founder or president is often the most difficult task an organization can face—and the challenge can be even greater for family-run businesses. Succeeding Generations explores leadership transitions in family businesses, offering a clear-eyed assessment of the different options, from direct succession toSee more details below

Overview


Finding the right successor to a well-loved founder or president is often the most difficult task an organization can face—and the challenge can be even greater for family-run businesses. Succeeding Generations explores leadership transitions in family businesses, offering a clear-eyed assessment of the different options, from direct succession to building partnerships between siblings and cousins.

Family-owned companies may dominate the worldwide business landscape, yet surprisingly few are successfully passed down from one generation to the next, and fewer still reach the third generation intact. Author Ivan Lansberg, an organizational psychologist who grew up in a family business, examines the reasons behind this high failure rate and reveals the factors that contribute to long-term success. He offers practical advice on how to mentor successors, how to set up a systematic selection process, and how to make the best use of the board of directors during times of transition.

With a wealth of examples from companies in the United States, Europe, and Latin America, Succeeding Generations provides a thoughtful and comprehensive look at the sensitive dynamics of leadership succession in family businesses.

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Product Details

ISBN-13:
9780875847429
Publisher:
Harvard Business Review Press
Publication date:
07/28/1999
Pages:
394
Sales rank:
1,369,793
Product dimensions:
6.40(w) x 9.30(h) x 1.50(d)

What People are saying about this

Marcy Syms
Having lived through succession in a family business myself, I can attest that Succeeding Generations is the perfect one-source reference on the process. Lansberg provides an invaluable guide for achieving family business continuity.
— (Marcy Syms, CEO, Syms Corporation)
John Ward
Succeeding Generations is a landmark in the field of family business. No other publication draws on such a rich variety of literature and proven experience. It is simply the best book I know on managing succession in family business.
— (John Ward, Founder and Chairman, The Family Business Consulting Group, Inc., and Ralph Marotta Professor of Private Enterprise, Loyola University Chicago)
Ludo Van der Heyden
Lansberg provides a refreshing breather from those 'authorities' who try to convince us that our only dream should be the relentless and exclusive pursuit of shareholder value. His insights into successfully passing family dreams, family values, and family businesses through the generations remind us all how profoundly human every business enterprise is.
— (Ludo Van der Heyden, Wendel/CGIP Chaired Professor for the Large Family Firm, INSEAD)
Louis B. Barnes
Lansberg's insightful discussion brings new sophistication to the field. Everyone who believes that family business still dwells mostly in the mom-and-pop era of family transitions needs to read this book - the sooner, the better.
— (Louis B. Barnes, Professor Emeritus, Harvard Business School)

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