Innovation in the Family Business: Succeeding Through Generations

by Joe Schmieder

Overview

Schmieder shares a broad range of tools and pathways that family businesses across sectors use to stimulate, execute, measure, and reward innovation. The 50-plus family stories cited in this book will inspire any family enterprise to create a strategy and environment that can stimulate success for many generations to come.

Product Details

ISBN-13:	9781137386236
Publisher:	Palgrave Macmillan US
Publication date:	12/08/2014
Series:	A Family Business Publication
Edition description:	2014
Pages:	125
Product dimensions:	5.40(w) x 8.10(h) x 0.50(d)

About the Author

Joe Schmieder is a principal consultant of the Family Business Consulting Group specializing in family business succession and strategic business planning. In addition to his consulting practice, Joe serves as an adjunct professor at Notre DameUniversity teaching Family Business Strategy courses.

Table of Contents

Introduction – Creating the Future – Leading Through Innovation 1. The Family Difference – Capitalizing on Family Innovation 2. Structured Chaos – Creating a Culture of Innovation 3. Core Offerings – Driving Value with Product and Service Innovations 4. Family Continuity – Applying Innovative Thinking to Succession 5. Family Continuity – Applying Innovative Thinking to Governance 6. Money and Metrics – Funding and Measuring Innovation 7. The Next Generation – Re-Innovating the Family Business 8. Moving Innovation Forward – Concluding Thoughts

Editorial Reviews

"Joe Schmieder's new book on innovation in family owned businesses is grounded in sound research but brought to life by real world experience and examples. Joe takes a thoughtful look at innovation in the FOB context but also shares a variety of insights and best practices applicable to family businesses more generally. This is a helpful and easy read for anyone working in or around a family owned business." - Bruce C. Young, Partner, Warner Norcross & Judd LLP, Board Member, The Family Business Alliance, and a third generation participant in a family business

"In today's fast paced world, innovation is not a luxury but a necessity. Schmieder has written an important and practical book that addresses how innovation can be created within the context and constraints of a family business. It's a must read for today's family business leaders." - Joseph Horak, Ph.D. Director, Family Business Institute, Seidman College of Business, Grand Valley State University, Grand Rapids, Michigan

"In this book, Schmieder has provided multiple best practices for topics ranging from governance to management team strategy to product development all from the perspective of generational succession." - William J. Boer, President & Founder, Grey Dunes

"Is innovation in family business an oxymoron? Having coined the term interpreneurship or intergenerational entrepreneurship in 1989, my answer is a resounding no. Joe Schmieder proves the point. And his cases show you the way. Read this book!" - Ernesto J. Poza, Clinical Professor, Global Entrepreneurship and Family Enterprise, Thunderbird School of Global Management, Family business consultant, and author of Family Business

"Innovation in the Family Business outlines how a family can embrace Innovation to become a core value in how they define their meaning and context to remain relevant and embrace innovation as an active process to be successful in the various phases of a multi-generational business." - Nelson Jacobson Chairman, President, and CEO, JSJ Corporation

'Too often, family businesses seem to exist primarily as a sort of shrine to the founding generation. Joe paints a positive picture using dozens of vibrant examples of how successor generations can avoid that trap by innovating and growing in ways that would surely make any founder proud. A must-read for all YPO family business leaders or any executive leading a family enterprise.' - Chris Herschend, Vice Chair, Herschend Family Entertainment and Chair, YPO WPO Global Family Business Network

From the Publisher