Strategic Planning for the Family Business

Parallel Planning to Unify the Family and Business

by Randel S. Carlock and John L. Ward

		Publisher: Palgrave Macmillan Pub. Date: 2001 ISBN: 9780333947319 No. pages: 270 Category: Small Business

In this summary you will learn

What issues pose the greatest threat to any family business
How to develop long-range plans that address these threats
How to evaluate and secure the proper level of family commitment to a business

Why you should read Strategic Planning for the Family Business

Balancing the needs of a business and the family that controls it might seem like an overwhelming task, unless you tackle the challenge with a clear-headed plan. Randel S. Carlock and John L. Ward provide just such an approach by mapping out the strategies and structures needed to make a family business run smoothly. In so doing, they address family conflict, executive succession, ownership schemes and a host of other issues that can make or break a family business. getAbstract.com highly recommends this book for its practical and applicable methods of striking a balance between the needs of business and the needs of family.

About the Authors

Randel S. Carlock has some 25 years of experience as an executive and CEO. He is the Opus Endowed Professor of Family Enterprise at the University of St. Thomas in Minneapolis, and an Affiliate Professor of Entrepreneurship at INSEAD, Fontainebleau. John L. Ward is Clinical Professor and Co-Director of the Center for Family Enterprises at Northwestern University’s esteemed Kellogg Graduate School of Management. He is a founder of the Family Business Consulting Group International.

Rating (what is this?)

Overall		(9)
Applicability		(10)
Innovation		(8)
Style		(8)

Level of Expertise (what is this?)

Level

(6)

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