Generation to Generation: Life Cycles of the Family BusinessGeneration to Generation presents one of the first comprehensive overviews of family business as a specific organizational form. Focusing on the inevitable maturing of families and their firms over time, the authors reveal the dynamics and challenges family businesses face as they move through their life cycles. The book asks questions, such as: what is the difference between an entrepreneurial start-up and a family business, and how does one become the other? How does the meaning of the business to the family change as adults and children age? How do families move through generational changes in leadership, from anticipation to transfer, and then separation and retirement? This book is divided into three sections that present a multidimensional model of a family business. The authors use the model to explore the various stages in the family business life span and extract generalizable lessons about how family businesses should be organized. |
Contents
| 1 | |
| 27 | |
| 57 | |
The Business Developmental Dimension | 103 |
Four Classic Family Business Types | 133 |
The Growing and Evolving Family Business | 153 |
The Complex Family Enterprise | 175 |
Other editions - View all
Generation to Generation: Life Cycles of the Family Business Kelin E. Gersick No preview available - 1997 |
Generation to Generation: Life Cycles of the Family Business Kelin E. Gersick No preview available - 1997 |
Common terms and phrases
adult become Ben Smith Bernie board of directors branch brothers business development Business stage capital career cash client communication company's complex conflict create cycle decisions Developmental Dimension developmental stage discussed dream employees Entering the Business entrepreneurial estate planning example Expansion/Formalization stage experience Family Business Review family business system family companies family council family development family firms family members family's father feel founder future George growth Hartwall important individual investment issues Key Challenges Kopeks Lansberg leader leadership Lombardi marriage enterprise ment Mitch move needs ness nonemployed nonfamily managers nuclear family offspring operations opportunities organizational owner-manager ownership group parents Passing the Baton policies primogeniture professional ProMusic relationships requires role Sanderson family Sarah shareholders shares shrimp farm sibling partners Sibling Partnership spouse Start-Up stage strategic succession three circles tion transition uncon ventures WISCO Wyatt Young Business Family younger