When Family Businesses are Best: The Parallel Planning Process for Family Harmony and Business Success

Overview

This book explores how effective planning and communication helps family businesses around the world address growth challenges as they strive to become high performing multi-generation family enterprises.

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When Family Businesses are Best: The Parallel Planning Process for Family Harmony and Business Success

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Overview

This book explores how effective planning and communication helps family businesses around the world address growth challenges as they strive to become high performing multi-generation family enterprises.

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Editorial Reviews

From the Publisher
Reviews for Strategic Planning for the Family Business
 
"Strategic Planning for the Family Business is a very thoughtful and valuable book. It offers a superb kaleidoscope of the dynamics of the family business. Professors Carlock and Ward's notion of the Parallel Planning Process turbans out to be a highly original and extremely effective way of diagnosing and intervening in such complex organizations. If I would find myself on a desert island with a family business (I agree that is quite a surrealistic thought), and was asked to help the various stakeholders, and could only resort to one book for guidance, this book would be my first choice." —Manfred F.R. Kets de Vries, Raoul de Vitry d'Avaucourt Professor of Human Resource Management, Clinical Professor of Leadership Development, INSEAD, France & Singapore

"The leaders of business families and family businesses will find this book a precious tool as they confront the many challenges of planning for the family and the business. Carlock and Ward draw from their many years of experience as educators, consultants and board members to make the text stimulating, relevant and of practical utility. I forecast that Strategic Planning for the Family Business will remain a benchmark of best practice for many years to come." —Alden G. Lank, President, Family Business Network and Stephan Schmidheiny, Professor of Family Enterprises Emeritus, IMD, Switzerland

"Of great use to family businesses that, rather than conforming to the corporate world, want to evolve, grow and pass from generation to generation without losing their family character." —Miguel A. Gallo, Family Business Chairholder, IESE, International Business School, Universidad de Navarra, Spain

"The Carlock and Ward book is a must for everybody working in and with family businesses. The emphasis on the planning process addresses the key deficiency of far too many family businesses." — Joachim Schwass, Professor of Family Business, IMD, Switzerland

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Product Details

  • ISBN-13: 9780230222625
  • Publisher: Palgrave Macmillan
  • Publication date: 11/23/2010
  • Series: A Family Business Publication
  • Edition description: New Edition
  • Pages: 288
  • Product dimensions: 6.10 (w) x 9.30 (h) x 0.90 (d)

Meet the Author

RANDEL S. CARLOCK is the first Berghmans Lhoist Chaired Professor in Entrepreneurial Leadership at INSEAD and the Opus Endowed Professor of Family Enterprise at the University of St. Thomas in Minneapolis. He has over 20 years of executive and CEO experience and has completed postgraduate certification in family and marriage therapy.

JOHN L. WARD is the Wild Group Professor of Family Business at IMD, Clinical Professor and Director of the Kellogg School Center of Family Enterprises, Northwestern University and founder of the Family Business Consulting Group International. He is recognized as one of the world's leading authorities on the family business.

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Table of Contents

PART I: WHY GLOBAL BUSINESS FAMILIES NEED PLANNING
Why Family Businesses can be the Best (or the worst): Strengths and Challenges
The Parallel Planning Process for Family Enterprises
Shared Values as the Foundation for family Commitment
PART II: FAMILY DRIVEN PLANNING
Clarifying the Familys Shared Vision and Goals
Developing the Family Talent and Leadership
Ensuring Capable Ownership
Family Governance: Decision Making for the Family
PART III BUSINESS DRIVEN PLANNING
Planning Business Strategy: Exploiting Strengths and Opportunities
Aligning Business Strategy with the Familys Commitment
Business Governance: The Role of the Board of Directors
PART IV BECOMING A FAMILY ENTERPRISE
The Next Generation of Family Entrepreneurs
Beyond Business: The Family Enterprise Experience

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