Healthy Growth for the Family Business

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Macmillan, Jan 4, 2011 - Business & Economics - 104 pages
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Family businesses find many different paths to success. Some, like Wal-Mart become among the world s largest businesses. Others, happily serve a limited market. Whether a business remains small or grows large, every family business at some time or other is faced with issues that center around growth. If you are a member of a business owning family, you may ask such questions as: Do we want this business to grow? Why should we grow it? Is it capable of growing? What sacrifices will growth require? What sacrifices will we make if we don t grow? Healthy Growth for the Family Business will help you answer those questions. When leaders of family firms think about growth, they take into consideration not just the business but also how the business growth will affect the family.

 

You will learn that growth can mean different things to different people, and not just in terms of increases in sales and profits. The way some family business owners look at growth will offer inspiration and spur creativity as you seek answers for your own company. Family shareholders and board members will learn a great deal from this book. When they have a better understanding of the issues involved in growth, these family members can support you in moving the family business in the direction it needs to go. Healthy Growth for the Family Business will provide you with practical knowledge. It will help you decide whether to grow and, if so, what type and amount of growth you want. You will learn to avoid the dangers of overestimating your company s ability to grow or under anticipating the company s need for growth.


 

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Contents

Pathways to Intelligent Growth
1
2 Should We Grow or Stay the Same?
5
3 The Myths about Family Business Growth
17
4 How Much Growth Is Right for Our Business?
25
5 Where Does Growth Come From?
33
6 Roadblocks to Growth
47
7 Managing Diverse Expectations
59
8 Are You Ready for Growth?
65
9 Hitting the Wall on Growth
69
10 The Dynamics Will Change
77
11 Summary
81
Notes
85
Suggested Additional Readings
87
Index
89
The Author
93
Copyright

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About the author (2011)

Jennifer M. Pendergast is a Senior Consultant of The Family Business Consulting Group, Inc. She specializes in strategic planning, family and business governance, family office structure, and facilitation. Pendergast is an experienced management consultant with an extensive background in the many strategic challenges faced by family firms.  She has served a broad range of clients, ranging from startup to Fortune 500 companies, in both for-profit and non-profit arenas. With a Ph.D. in strategy, Pendergast has taught at Emory University’s Goizueta Business School, Georgia Tech and The Wharton Business School. Her teaching experience spans undergraduate, MBA and executive level programs.

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