Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The Two Sides of the Business Family: Governance and Strategy Across Generations

The Two Sides of the Business Family: Governance and Strategy Across Generations

Von Schlippe, Arist
Groth, Torsten
Rüsen, Tom A.

Hardcover

Series: Management for Professionals

ManagementGeneral LawGeneral Psychology

ISBN10: 3030601994
ISBN13: 9783030601997
Publisher: Springer
Published: Jan 5 2021
Pages: 246
Weight: 1.23
Height: 0.63 Width: 6.14 Depth: 9.21
Language: English
This book focuses on a central success factor for family businesses: maintaining the decision-making ability over generations while not jeopardizing the business due to family conflict, inefficient governance structures, or lack of identification. The authors identify that this is not as easy as the endeavor to bring two social systems together with contradicting logic (family and business) leads to many dangerous pitfalls. This book presents outcomes of a unique research project in which family managers of eleven of the oldest and largest German family businesses, at least the fourth generation, met for more than three years on a regular basis and presented the essence of their family governance structures to each other and to the authors. It was a joint learning journey that admits identifying twelve core questions that these families had been answering to keep up the relationship between family and business successfully over generations. Obviously, there is no right answer to these questions. The key to success is rather engaging the families in a process to find out their own answers and make them aware of the two sides being a family is different from being a business family.

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