How Do Businesses and Generations Maintain Its Legacy?

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Publisher : Partridge Africa
ISBN 13 : 1482876604
Total Pages : 326 pages
Book Rating : 4.4/5 (828 download)

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Book Synopsis How Do Businesses and Generations Maintain Its Legacy? by : Krakrafaa Thompson Tenent Bestman

Download or read book How Do Businesses and Generations Maintain Its Legacy? written by Krakrafaa Thompson Tenent Bestman and published by Partridge Africa. This book was released on 2018-02-23 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: Employees exit an organization with 80% of the knowledge they have acquired without transferring it to others. This colossal loss of intellectual assets is even more in terms of parent to child legacy transfer. Several factors may have contributed to this immense generational memory loss. First, the knowledge seekers do not know what to do on how to influence the knowledge sources to share their skills and experiences and may not even understand the characteristics of the knowledge they intend to access from the knowledge sources. Second, these intellectual assets such as skills and experiences they intend to access give the knowledge sources their comparative advantage in the society and worst still, they are not on the pages of procedures or other documented format, but mainly domicile in the heads of the possessors and hence not visible to others. Third, people also regard their skills and experiences as invaluable intellectual assets and hence do not want to easily share it with others. These are some of the constraints knowledge seekers face, whether in an organization or the society while trying to access the information they require in creating value in their respective domains. Eventually, the legacies transferred to the knowledge seekers fall short of what would have been transferred if the knowledge seeker knows otherwise. This book bridges this gap by providing a strategic and systematic approach on how a knowledge seeker may apply social interaction variables and its hierarchical effect on knowledge transfer to influence a knowledge source to share his or her intellectual assets that he or she might not ordinarily be willing to share with any knowledge seeker.

Generation to Generation

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Publisher : Harvard Business Press
ISBN 13 : 087584555X
Total Pages : 316 pages
Book Rating : 4.8/5 (758 download)

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Book Synopsis Generation to Generation by : Kelin E. Gersick

Download or read book Generation to Generation written by Kelin E. Gersick and published by Harvard Business Press. This book was released on 1997 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Generation to Generation will help managers understand the special dynamics & challenges that family businesses face as they move through their life cycles. It explains how to handle succession, & the role of non-family professionals.

Your Business, Your Family, Your Legacy

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Publisher :
ISBN 13 : 9781986796781
Total Pages : 240 pages
Book Rating : 4.7/5 (967 download)

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Book Synopsis Your Business, Your Family, Your Legacy by : George A Isaac

Download or read book Your Business, Your Family, Your Legacy written by George A Isaac and published by . This book was released on 2020-10-23 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whether you are an experienced family business or family office executive, board member, owner, or next-generation family member, George Isaac has written the definitive handbook on the challenges of managing a multi-generational family enterprise. His 5-star "Amazon's #1 New Release" rated book* discusses best practices for all of the key issues associated with family businesses. As a professional consultant, board member, speaker, and prior third-generation CEO, Isaac has been helping families start, build, transition, and maintain their enterprises for more than forty years. Using real-world experiential examples full of case studies, best practices, suggested operating policies, and implementation checklists, Isaac introduces - Seven essential initiatives for business survival and growth - Techniques to navigate family dynamics and prevent and manage conflict - Strategies for establishing effective family and business governance - A road map to forming and executing a workable (and living) succession plan - Practical approaches to multigenerational family and business wealth management - Training on understanding and analyzing financial statements for non-financially oriented family members. - Tips for preparing the next generation for success, in or outside of the family business. Avoid the pitfalls and traps that keep most family businesses from surviving past the current generation. Build a multigenerational family business legacy that lasts with this indispensable guide. *Amazon's "#1 New Release" Ratings recognized for: - Corporate Governance - Business Conflict Resolution & Mediation - Organizational Change - Strategy & Competition

Your Family Legacy

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Publisher : Collaborative Family Office
ISBN 13 : 9780985127503
Total Pages : 78 pages
Book Rating : 4.1/5 (275 download)

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Book Synopsis Your Family Legacy by : Michael W Palumbos

Download or read book Your Family Legacy written by Michael W Palumbos and published by Collaborative Family Office. This book was released on 2012-01-30 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: Family, wealth and legacy are really what it all boils down to, isn't it? Did we love and were we loved? Did we acquire wealth, whether tangible, relational or spiritual? Did we make a difference? Your Family Legacy is a simple and easy read designed to get you thinking about retirement, estate planning and passing your 'true wealth' to the next generation. When we talk about wealth we include not only money and our assets but everything that is important to us....our values, our knowledge and our family business. The goal of this book is for every reader to walk away with one new idea that you can use to create, grow, keep and share every form of wealth that is important to you. One idea that you implement for generations to come.

Harvard Business Review Family Business Handbook

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Publisher : Harvard Business Press
ISBN 13 : 1633699064
Total Pages : 231 pages
Book Rating : 4.6/5 (336 download)

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Book Synopsis Harvard Business Review Family Business Handbook by : Josh Baron

Download or read book Harvard Business Review Family Business Handbook written by Josh Baron and published by Harvard Business Press. This book was released on 2021-01-26 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: Navigate the complex decisions and critical relationships necessary to create and sustain a healthy family business—and business family. Though "family business" may sound like it refers only to mom-and-pop shops, businesses owned by families are among the most significant and numerous in the world. But surprisingly few resources exist to help navigate the unique challenges you face when you share the executive suite, financial statements, and holidays. How do you make the right decisions, critical to the long-term survival of any business, with the added challenge of having to do so within the context of a family? The HBR Family Business Handbook brings you sophisticated guidance and practical advice from family business experts Josh Baron and Rob Lachenauer. Drawing on their decades-long experience working closely with a wide range of family businesses of all sizes around the world, the authors present proven methods and approaches for communicating effectively, managing conflict, building the right governance structures, and more. In the HBR Family Business Handbook you'll find: A new perspective on what makes family businesses succeed and fail A framework to help you make good decisions together Step-by-step guidance on managing change within your business family Key questions about wealth, unique to family businesses, that you can't afford to ignore Assessments to help you determine where you are—and where you want to go Stories of real companies, from Marchesi Antinori to Radio Flyer Chapter summaries you can use to reinforce what you've learned Keep this comprehensive guide with you to help you build, grow, and position your family business to thrive across generations. HBR Handbooks provide ambitious professionals with the frameworks, advice, and tools they need to excel in their careers. With step-by-step guidance, time-honed best practices, and real-life stories, each comprehensive volume helps you to stand out from the pack—whatever your role.

Family Legacy and Leadership

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Author :
Publisher : John Wiley and Sons
ISBN 13 : 0470827084
Total Pages : 336 pages
Book Rating : 4.4/5 (78 download)

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Book Synopsis Family Legacy and Leadership by : Mark Daniell

Download or read book Family Legacy and Leadership written by Mark Daniell and published by John Wiley and Sons. This book was released on 2010-11-02 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hamilton and Daniell have creatively taught us how to weave together the threads of lineage that create family legacy. They have also clarified the vision of what family leaders look like who are the master weavers of such threads. This all leads toward teaching us how to create and guide our families, and those we serve, to seven and more generations of successful, generative and flourishing lives as individuals and as family. We owe their work a deep debt of gratitude and a bow of appreciation. James (Jay) E. Hughes, Jr. Author, Family: The Compact Among Generations Mark Daniell and Sara Hamilton have written a book that will become a real reference for families wishing to establish a long-term strategy for building an enduring legacy for generations. It contains a wealth of ideas, strategy prescriptions, case histories, and anecdotes that will give the family leader and members of the “tribe” a true guide to building a system that will endure the test of time. I recommend it to families in Asia and beyond. Dr. Victor K. Fung Chairman, Li & Fung Group This is a superb book––unique and full of examples––on the vision of legacy and the role of family leadership. It is also a comprehensive guide to risk management with a special spirit for wise risk-taking. Daniell and Hamilton draw on the unique experience of the Family Office Exchange and its many hundreds of members and scores of studies to define the role of family leadership more fully and inspiringly than ever. This book makes the challenges vivid and the path clear for successful families to preserve both their wealth and their purpose. John L. Ward Principal, The Family Business Consulting Group Family Legacy and Leadership is an innovative, useful blend of theory and practice; and of the hard and soft issues that families face. It offers ideas, insights, and tools that will help families of all types find their path through change. Melissa A. Berman President & CEO, Rockefeller Philanthropy Advisors

Borrowed from Your Grandchildren

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Publisher : John Wiley & Sons
ISBN 13 : 1119573807
Total Pages : 439 pages
Book Rating : 4.1/5 (195 download)

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Book Synopsis Borrowed from Your Grandchildren by : Dennis T. Jaffe

Download or read book Borrowed from Your Grandchildren written by Dennis T. Jaffe and published by John Wiley & Sons. This book was released on 2020-02-26 with total page 439 pages. Available in PDF, EPUB and Kindle. Book excerpt: Families share how they have maintained and grown their wealth from generation to generation. While creating wealth is a wonderful achievement, business families are also concerned with how their wealth is used to support their values, the lives of their children and the well-being of the community. Over several generations, families who are successful in growing their wealth have been able to reinvent themselves and their business in the face of significant environmental transformations and internal differences cause by family dynamics. Borrowed from my Grandchildren is a fascinating look at how large, long-lasting business families succeed across generations. Author Dennis T. Jaffe, one of the leading architects of the field of family enterprise consulting, has interviewed members of successful, well known, 100-year family enterprises from 20 countries, who serve as role models for those wishing to see their wealth positively impact their children, employees, and communities. Half continue to own their legacy business and others have gone on to become family offices with a portfolio of shared assets, but all these families have sustained their values and identity as a family over more than three generations. Offering the collected wisdom of nearly 100 global business families, this insightful book shares the real-life stories of partners in business and wealth management over three of more generations. Families that generate rather than reduce their wealth across generations, known as Generative Families, focus on engaging across generations and develop collaborative governance for both family and business to ensure responsible stewardship from one generation to the next. This unique resource: Presents real-life stories of families sustaining wealth over generations Explores both the successes and failures of retaining family wealth Includes rare private insights from members of prominent wealthy families Examines the nature of global family enterprises and their evolution over generations Discusses the financial, human, and social dimensions of wealth Borrowed from my Grandchildren: The Evolution of Stewardship in 100-Year Families is an essential read for family members, non-family executives, family offices, estate planning lawyers, family business consultants, trust officers, philanthropic and foundation advisors, financial advisors, financial planners, CPAs, and other finance professionals.

Dare to Improve Your Legacy

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Publisher :
ISBN 13 :
Total Pages : 224 pages
Book Rating : 4.6/5 (311 download)

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Book Synopsis Dare to Improve Your Legacy by : Paul N Brauss

Download or read book Dare to Improve Your Legacy written by Paul N Brauss and published by . This book was released on 2020-08-06 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: THIS STORY IS A COMBINATION OF EXPERIENCES rolled into a story about a second-generation owner faced with the decision options he has for the third generation that could change the course of a company or cash in on the current value to preserve what he can. Often these business owners believe the third generation does not share the same desires that moved the company forward for the previous generations. Generation one and Generation two often feel the current generation believes the next is not ready to take on the responsibility, perhaps realizing they have not helped them prepare! Too many things go unsaid between them. This book represents first-hand experiences of owners I've worked with over the years. I've built a story that combines all of the elements to demonstrate the path and way forward! These fictional characters come together to form a legacy that surprises them all.

Enabling Next Generation Legacies

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Publisher : Family Enterprise Knowledge Hub Publishing
ISBN 13 : 1777806313
Total Pages : 340 pages
Book Rating : 4.7/5 (778 download)

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Book Synopsis Enabling Next Generation Legacies by : Peter Jaskiewicz

Download or read book Enabling Next Generation Legacies written by Peter Jaskiewicz and published by Family Enterprise Knowledge Hub Publishing. This book was released on 2021-12-06 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: Answering the most pressing thirty-five questions of Next Generation members in a short and concise, yet competent way—leading academics, practitioners, and enterprising families come together to empower Next Generation legacies. Masterfully detangling the intricate dynamics of the family, ownership, business, and wealth, the authors share best practices, real-life examples, and critical questions for reflection. Part 1: Family Defining family · Managing family dynamics · Dealing with conflicts · Family communication · Preparing generational transitions · Keeping the family united Part 2: Ownership Responsibilities and rights · Preparation of future owners · Dealing with non-active owners · Ownership transfers · Board expectations and roles · Owner networks Part 3: Business Preparing business entry · Working with nonfamily executives · Hiring family members · Promoting family members · Letting go of family members · Engaging family business consultants Part 4: Wealth Dealing with wealth · Pursuing a vocation outside of the family enterprise · Leaving the family enterprise · Selling the family business · Starting a family office · Pursuing philanthropy and impact investing Enabling Next Generation Legacies is a powerful guide for Next Generation members and their families to ask better questions, make better decisions, live better lives, and build stronger legacies.

Start Here

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Author :
Publisher : Independently Published
ISBN 13 : 9781726710619
Total Pages : 62 pages
Book Rating : 4.7/5 (16 download)

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Book Synopsis Start Here by : Sara B Stern

Download or read book Start Here written by Sara B Stern and published by Independently Published. This book was released on 2019-02-21 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: Start Here: Family Business Succession gives you a step by step method to start your family business succession.

The Business of Family

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Publisher : Palgrave Macmillan
ISBN 13 : 9781137487865
Total Pages : 0 pages
Book Rating : 4.4/5 (878 download)

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Book Synopsis The Business of Family by : L. Taylor

Download or read book The Business of Family written by L. Taylor and published by Palgrave Macmillan. This book was released on 2015-07-28 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Business of Family teaches readers how to write their own family business plan using time-tested strategies from the corporate world to provide a practical, user-friendly method that ensures their family knows where it's been, where it's headed, and how it's going to get there.

The Legacy Family

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Publisher : Macmillan
ISBN 13 : 9780230618923
Total Pages : 232 pages
Book Rating : 4.6/5 (189 download)

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Book Synopsis The Legacy Family by : Lee Hausner

Download or read book The Legacy Family written by Lee Hausner and published by Macmillan. This book was released on 2009-11-15 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Though statistics indicate that trillions of dollars will be transferred to the younger generation in the next 50 years, the recipients of that inherited wealth are unlikely to preserve and pass on their inheritance intact. Faced with this prospect, many families today wonder how to successfully transmit to their progeny their own capacity, connections, compassion, and competency that built the original wealth, so that future generations can enjoy these same advantages, and more. The Legacy Family, written by two experts in the field, will provide readers with a roadmap for detailing how to leave family wealth and more importantly, legacy, intact. Readers will learn a variety of skills, from how to articulate a collective vision for the future that can be embraced by all family members to the importance of creating a process so that future generations can help each member shape their own future, while nourishing their close family bonds. This is must reading for any family that wishes to ensure that their future generations have a solid foundation on which to build successful lives.

The Power of Legacy

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.9/5 (89 download)

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Book Synopsis The Power of Legacy by : Charles Leichtweis

Download or read book The Power of Legacy written by Charles Leichtweis and published by . This book was released on 2023-12-04 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Only 40% of family-owned businesses reach the second generation, 13% get to a third, and just 3% are passed down to a fourth generation or beyond. Using real-life case examples of successful multi-generational businesses, this book gives you everything you need to know to ensure your family business legacy. Charlie Leichtweis is one of those rare individuals who can help you understand WHAT your organization needs to be doing and HOW to do it. With more than 40 years' experience, he specializes in serving family businesses as a C-suite executive, consulting advisor, and as a board member.

Family Business Values

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Publisher : Palgrave Macmillan
ISBN 13 : 9780230111103
Total Pages : 92 pages
Book Rating : 4.1/5 (111 download)

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Book Synopsis Family Business Values by : C. Aronoff

Download or read book Family Business Values written by C. Aronoff and published by Palgrave Macmillan. This book was released on 2011-01-11 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: It's so important that the generations to come understand and share in the founder's vision and philosophy. Authors Aronoff and Ward help leaders discover their own values and then they provide ways to infuse these values into the fabric of their business for generations to come.

Twentieth Century Boys

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Publisher : She Writes Press
ISBN 13 : 1647422086
Total Pages : 213 pages
Book Rating : 4.6/5 (474 download)

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Book Synopsis Twentieth Century Boys by : Andrea Clark Watson

Download or read book Twentieth Century Boys written by Andrea Clark Watson and published by She Writes Press. This book was released on 2021-10-26 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the early 1900s, Gordon Clark and his father, Si, sold their farm in rural Canada in search of the business of America. They found it in Seattle, Washington, and in 1929 Gordon and his brother Russ bought Genesee Coal and Stoker. Seattle life in the late 1920s was flourishing and businesses were booming —but within the year, the crash of the stock market would bring the Great Depression to the 1930s. Genesee survived, however, and during the 1940s, the Clark brothers adapted to the popular culture by adding heating oil to their coal service. The 1950s in Seattle spun good times for the heating oil business, but those happy days came to a screeching halt as competitive heating options arrived. The popular shift from heating oil to natural gas resulted in yet another change in business strategy for the second generation, led by Gordon’s son Don Clark. Through the decades that followed, Genesee Energy met each challenge, swaying with cultural and energy trends both locally and nationally. Now facing the current issue of climate change, Genesee Energy’s third generation, led by Steve Clark, is vectoring toward renewable energy to maintain its legacy. A narrative nonfiction saga of three generations of family, culture, and energy issues, Twentieth-Century Boys shows how relationships and values have carried one small company through near devastation time and again— from the 1920s to the present day.

Succeeding Generations

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Publisher : Harvard Business Press
ISBN 13 : 0875847420
Total Pages : 396 pages
Book Rating : 4.8/5 (758 download)

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Book Synopsis Succeeding Generations by : Ivan Lansberg

Download or read book Succeeding Generations written by Ivan Lansberg and published by Harvard Business Press. This book was released on 1999 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: Finding the right successor to a well-loved founder or president is often the most difficult task an organization faces-and the challenge is even greater for family-run businesses. From mom-and-pop grocery stores to vast multinationals, family-owned companies dominate the worldwide business landscape, yet surprisingly few are successfully passed down from one generation to the next, and fewer still reach the third generation intact. Author Ivan Lansberg, an organizational psychologist who grew up in a family business, explores the reasons behind this high failure rate, and reveals the conditions that allow family businesses to endure through the generations. Family enterprises are highly personal, says Lansberg, and many elaborate succession plans are thwarted because deeper psychological factors are overlooked. Lansberg stresses the need for families to share a common "dream" for their company, much like a business has a unified mission. Succeeding Generations helps us to understand all aspects-the practical and the emotional-of the succession process, as Lansberg offers advice on how to mentor successors, how to set up a systematic selection process, and how to make the best use of the board of directors during times of transition. He also provides the first clear assessment of the different options, from direct successions between a parent and a single appointed heir to more complex partnerships between siblings and cousins. With a wealth of examples from companies in the U.S., Europe, and Latin America, Succeeding Generations provides a thoughtful and comprehensive look at the sensitive dynamics of leadership succession in family businesses. Planning for continuity is a life-long process for families in business, and Succeeding Generations is the first book to provide in-depth answers to the questions that arise at every stage in the evolution of the family firm.

Family Business Debates

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Author :
Publisher : Emerald Group Publishing
ISBN 13 : 180117668X
Total Pages : 263 pages
Book Rating : 4.8/5 (11 download)

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Book Synopsis Family Business Debates by : Oscar Montiel

Download or read book Family Business Debates written by Oscar Montiel and published by Emerald Group Publishing. This book was released on 2022-11-28 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: Family Business Debates provides a novel, ground-breaking approach to diverse and contemporary topics in current business management research, focusing on family enterprises to study both the positive and negative aspects of such commercial structures.