Taking Over: Insider Tips from a Third-Generation CEO

Taking Over: Insider Tips from a Third-Generation CEO

by Mitchell Kaneff

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Overview

Third-generation CEO Mitchell Kaneff knows that when family businesses create and implement an effective strategy for handing over the reins, they enjoy a much higher success rate.

Mitchell always wanted to be a rock star – but when the family business faced especially trying times and its future was in jeopardy, Mitchell jumped in to help and became a CEO instead. Like many generational successions, his was fraught with uncertainty, anxiety, and conflict.

Confronted with entrenched family politics, emotional fallout, and difficult legal and financial issues, Mitchell was soon convinced there had to be a more effective – and less stressful – way to weather the transition storms that so often derail family businesses.

In Taking Over: Insider Tips from a Third-Generation CEO, Mitchell introduces a straightforward approach to succession planning that addresses the special, overwhelming challenges family-run companies face.

Drawing on his experiences, as well as those of other family business owners, Mitchell gives leaders, heirs apparent, and their families the tools and inspiration they need to overcome the turmoil of transition.

Taking Over will show you how to:

• Tackle the complex emotional and psychological issues associated with the family business--before you take it over

• Hire advisors to reduce tension and resolve family conflict--and then cut them loose

• Begin preparing for your exit as soon as you enter the business

• Choose the most competent successor in a measured, detached way--and relinquish control of the company graciously

• Maintain financial stewardship and preserve family values to pass both wealth and traditions to the next generation

In Taking Over, Mitchell presents a fresh perspective and useful advice to help ease leadership transfer and preserve family legacies. Combining Mitchell's expertise with compelling anecdotes, this book is a must-read for anyone involved in a family business today.

Product Details

ISBN-13: 9780982845479
Publisher: Ten Eagles Press
Publication date: 01/14/2011
Sold by: Barnes & Noble
Format: NOOK Book
Pages: 168
File size: 2 MB

About the Author

Mitchell Kaneff, author of “Taking Over: Insider Tips from a Third-Generation CEO,” is the Chairman/CEO of Arkay Packaging (www.arkay.com), an 89-year old, family–owned and operated leader in the folding carton industry. Under Mitchell's direction, Arkay continues to be a market frontrunner in providing companies, such as Estee Lauder, Procter & Gamble, Elizabeth Arden and L’Oreal, with leading-edge product packaging solutions.
Mitchell, a graduate of Rochester Institute of Technology, began working at Arkay when he was still in school, enabling him to expand and develop his expertise in print and management techniques, while refining his entrepreneurial skills – an ability which has contributed powerfully to Arkay’s growing success.

In addition to locations in Hauppauge, NY and New York City, Mitchell expanded the Roanoke, VA Arkay facility in 2008 to twice its size, a testament to Mitchell’s leadership and the quality of the Arkay product. Mitchell’s appreciation for customer satisfaction and his understanding of the industry has solidified partnerships with key customers, earning Arkay “Supplier of the Year” awards several years running reflecting his company’s achievements in this area.

With his unique insider’s view, Mitchell’s newly published book, “Taking Over: Insider Tips for a Third Generation CEO,” reveals the hidden faultlines and obvious triumphs of life inside a family-owned business. It is a must-read for anyone immersed in – or transitioning into – a family business in today’s economy (www.mitchellkaneff.com).

Mitchell, who produced an album of original music – Renaissance Man – in 1997, is currently involved with The Young Presidents, a band that plays original rock music in the New York metropolitan area (www.theyoungpresidents.com). The Young Presidents new album, “Freedom of Speech,” will be released in the spring of 2011.

Mitchell lives in New York City with his twin sons, Max and Josh, and his wife, Amy.

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