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Item Details
Title: THE SUCCESSFUL FAMILY BUSINESS
A PROACTIVE PLAN FOR MANAGING THE FAMILY AND THE BUSINESS
By: Edward D. Hess
Format: Hardback

List price: £58.00


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ISBN 10: 0275988872
ISBN 13: 9780275988876
Publisher: ABC-CLIO
Pub. date: 5 September, 2000
Pages: 176
Description: A guide to managing the dynamic interactions between two powerful institutions - the family and the business. Over 80 per cent of businesses are family-owned and managed. This book helps those involved in a family business to develop successful practices that both maximise the value of the business and enhance family relationships.
Synopsis: Over 80% of the businesses in the United States are family-owned and managed. From the corner deli or barbershop to global empires in brewing, media, and cleaning products, family businesses embody the entrepreneurial spirit that drives innovation and economic growth and that represents the hopes and dreams of millions for independence, self-sufficiency, and wealth. And yet the track record for entrepreneurial businesses is poor: over three-quarters will fail during the first five years and only 10% will survive a decade. Family business statistics show that fewer than one-third pass succesfully to a second generation, often the result of insufficient planning. Drawing from numerous in-depth examples (both positive and negative), Edward Hess offers a fascinating glimpse into the dynamics of family business management and specific strategies to promote the health of the enteprise. A comprehensive guide, The Successful Family Business covers the spectrum of topics from creating a family values statement and code of conduct to resolving conflicts among siblings to managing transitions in leadership and the potential sale of the business.Other issues include: defining perks and benefits (for family and non-family members), working with the board of directors, and going public. Hess concludes with a series of operating rules that apply to every family business and a listing of practical references and resources.
Illustrations: 1, black & white illustrations
Publication: US
Imprint: Greenwood Press
Returns: Non-returnable
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