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 William Webster, Robert Weatherley


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 Mark Watson-Gandy


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Leading the Family Business Through Succession: How Different Generations Create Value Together (eBook)


ISBN13: 9781398617117
Published: October 2024
Publisher: Kogan Page Ltd
Country of Publication: UK
Format: eBook (ePub)
Price: £39.99
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Leading the Family Business Through Succession examines leadership and succession in family business, showing how current and next generation members can develop the business side by side.

It challenges the traditional, hierarchical model of leadership and succession in family business, showing that this approach is no longer aligned to modern organizational needs. Instead, this book examines how current and next generations can bridge the gap and co-evolve as peers for a significant stretch of time. It outlines leadership practices families can employ to navigate the transition towards new ways of working together and how generations can collaborate to address the myriad challenges and opportunities affecting businesses today, balancing legacy and transformation.

This book is informed by methodologies tried-and-tested in years of MBA and executive-level teaching at business schools such as INSEAD, St Gallen and London Business School. Taking a global approach and drawing on cutting edge insights and research, it provides case studies and examples featuring family businesses from around the world, such as Europe, the Americas, the Far East and the Middle East, highlighting how different family businesses can learn from each other. It is ideal for MBA and executive level courses on family business and will also be of interest to family business leaders, advisors and managers.

Subjects:
Company Law, Wills and Probate, eBooks
Contents:
Chapter - 00: Introduction

Section - ONE: Trust maturity: Social psychology
Chapter - 01: From parent/child to adult peers: Level conversations
Chapter - 02: From obligation to aspiration: Reset expectations
Chapter - 03: From conflictual rivalry to negotiated accord: Apply fair process

Section - TWO: Capability appreciation: Strategic thinking
Chapter - 04: From legacy vs change to legacy & change: Reassess goals
Chapter - 05: From practice vs theory to practice & theory: Review structure
Chapter - 06: From internal vs external to internal & external: Rethink practices

Section - THREE: Role respect: Governance processes
Chapter - 07: From wait your turn to horses for courses: Defy convention
Section - 08: From dominant leadership to governance: Strengthen systems
Chapter - 09: From succession to co-evolution: Grow leaders

Section - FOUR: Navigating the transition: Action
Chapter - 10: Leadership practices: Promote the aspirational and uphold the foundational
Chapter - 11: Transformation initiatives: Launch, build momentum, embed and conclude
Chapter - 12: Learning opportunities: Understand, discuss, apply and share
Chapter - 13: Epilogue