Unconventional Wisdom: CounterintuitiveInsightsfor Family Business Success

Unconventional Wisdom: CounterintuitiveInsightsfor Family Business Success

by John Ward
     
 

Family businesses prosper by pursuing unconventional strategies. Because they are values-driven and think very long-term, they take approaches not popular with current management fashion or most companies. That is the key to their competitive advantage. However, family businesses must find ways to simultaneously serve business needs and family goals, which require

Overview

Family businesses prosper by pursuing unconventional strategies. Because they are values-driven and think very long-term, they take approaches not popular with current management fashion or most companies. That is the key to their competitive advantage. However, family businesses must find ways to simultaneously serve business needs and family goals, which require very different priorities and principles. As a result, they must think paradoxically, and find insights that single-purpose enterprises need not contemplate. They must dare to be different. Family business requires a different governance system, but it must nevertheless be one that can be controlled. Building on insights from the world's premier family business executive education course, this book offers the Unconventional Wisdom needed to leverage the strategic and cultural uniqueness of a family business for enduring success.

Editorial Reviews

From the Publisher
"...this book gets straight to the heart of the matter...a tough-talking, no-nonsense guide to running a family business..." (Management Today, Oct 05)

"...the theory is well balanced, with plenty of practical advice. One to keep on the desk or kitchen table." (Management Today, 11th October 2005)

"...a fresh look at family businesses..." (Business Adviser, Winter 2005)

Product Details

ISBN-13:
9780470021651
Publisher:
Wiley
Publication date:
08/12/2005
Series:
IMD Executive Development Series, #3
Edition description:
New Edition
Pages:
274
Product dimensions:
6.16(w) x 8.28(h) x 0.63(d)

What People are saying about this

From the Publisher
"...this book gets straight to the heart of the matter...a tough-talking, no-nonsense guide to running a family business..." (Management Today, Oct 05)

"...the theory is well balanced, with plenty of practical advice. One to keep on the desk or kitchen table." (Management Today, 11th October 2005)

"...a fresh look at family businesses..." (Business Adviser, Winter 2005)

Meet the Author

John Ward is The Wild Group Professor of Family Business at IMD, and also a professor at Northwestern University's Kellogg Graduate School of Management (USA). He is director of IMD's renowned 'Leading the Family Business' program, in which he has taught since its inception in 1987.

Ulrich Steger holds the Alcan Chair of Environmental Management at IMD, is Director of its research project on Corporate Sustainability Management, and leads IMD's Global Corporate Governance Research Initiative.

Joachim Schwass is Professor of Family Business and Director of the IMD-Lombard Odier Darier Hentsch & Cie Family Business Center. He teaches Family Business and Entrepreneurial Management, is Program Director of the St.Moritz Family Business Seminar, and directs the Annual IMD Distinguished Family Business Award.

Jeannie Kahwajy is a professor of Organizational Behavior at IMD - International Institute for Management Development. Prior to joining IMD she worked as a coach, consultant, seminar leader and speaker.

George Kohlrieser, a clinical and organizational psychologist, is Professor of Organizational Behavior at IMD, Associate Clinical Professor of Psychology, Wright State University, Ohio, USA, an adjunct faculty member of Fielding Institute San Francisco, USA, and an adjunct faculty member of Zagreb University, Croatia.

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