Leading a Family Business: Best Practices for Long-Term Stewardship (Hardcover) (ISBN-13: 9781440855320)

Based on insights from executives across the globe, this planning guide captures the unique challenges faced by leaders of a family business and presents an approach to help these operations survive and thrive across generations.

Leading a company is a much different experience for those in a family-run business than for their contemporaries in nonfamilial environments. This book provides a comprehensive overview of the skill set and mindset required to lead family enterprises, and it introduces the four critical areas in which family businesses differ from traditional companies--management structures, governance mechanisms, entrepreneurial advantages, and stewardship practices.

In a fascinating convergence of entrepreneurship, family relations, and corporate principles, the authors present two frameworks to better understand the best practices of leading a family business: a firm-level frame focused on these four critical areas of difference (architecture, governance, entrepreneurship, and stewardship) and an individual one that mirrors these in terms of the skill set and mindset successful leaders need to develop. Craig and Moores consider the differences between leadership in family enterprises and non-family enterprises; the entrepreneurial capabilities needed by executives in family-based firms; and the use of power, identification, and motivation in managing their responsibilities both at home and in the workplace. Case studies provide a real-life look at the inner workings of family operations across the globe.

Author: Justin B. Craig Ph D., Ken Moores Ph D.
ISBN-10: 1440855323
ISBN-13: 9781440855320
Publisher: Praeger
Language: English
Published: 07/20/2017
Pages: 200
Format: Hardcover
Weight: 1.10lbs
Size: 6.40h x 9.30w x 0.80d