Harvard Business Review Family Business Handbook
Your Comprehensive Resource for Thriving Family Enterprises
“Family businesses are not for the faint of heart. Even in the best of situations, the complex relationships between family and business are hard to navigate. The authors of The Harvard Business Review Family Business Handbook bring the experience, insight, and wisdom to help families wrestle through hard decisions and land in better places.
I highly recommend this book.”
— Bill Haslam, Haslam Family Capital, former Governor of Tennessee and President of Pilot Flying J
Section 1: Cracking the Code of Your Family Business
How to decode your family business by understanding the influences of key individuals, multi-dimensional relationships, and system dynamics.
Section 2:
The Five Rights of Family Owners
The core work that needs to be done in any family business to continue its lasting legacy, including:
- Designing the right form of ownership
- Building the right governance structures
- Developing an “Owner Strategy”
- Creating an approach to communication
- Establishing your transition plan
Section 3: Challenges You Will Face
The core challenges you may face in your family firm:
- Preparing for the inevitable disruptions to your family business
- Succeeding while working in your family business
- Setting a Family Employment Policy
- Managing your family’s wealth responsibly
- Getting the level of conflict just right
- Building a family office
- Minimizing the risk of losing what you have built
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Also, see the Family Business Handbook’s accompanying Toolkit to help you:
- Map the complex roles within your family business
- Find a healthy middle ground where difficult issues can be raised, addressed, and resolved without doing lasting damage to relationships or shared assets
- Define clear objectives in your family business using an Owner Strategy Statement
- Construct a deliberate communication strategy, establish a family employment policy, and much more