xx

Perpetuating the Family Business: 50 Lessons Learned From Long Lasting, Successful Families in Business by John L. Ward PDF

John L. Ward - Perpetuating the Family Business: 50 Lessons Learned from Long-Lasting, Successful Families in Business

John L. Ward is a leading world expert on the family business. In this book he brings together a vast amount of experience to show the, 'best practices' of the most successful and long-lasting families in business. He provides a framework of five insights and four principles in which to position his 50 lessons for family businesses. This is the most comprehensive book on sustaining the family business and contains international examples and cases and essential tools and checklists of best practice.

From the author's note: "This is not a 'how-to' book. It is not my intention to be prescriptive. These lessons are not rules that every business family must follow in order to be successful generation after generation. They are what I consider 'best practices' of the most successful, long-lasting families in business. Not all of the lessons are appropriate for all families, and not all of the successful family businesses I have observed manifest all of the lessons. I hope you will pick and choose what is most right for your family and for your business.

"It is my wish that the lessons on these pages will encourage you to anticipate not only the next stage of your family business but the stage after that. One of my intentions is to enable you to do for your successors what is counter-intuitive to the reality that you have faced in your own tenure as a leader and to help you feel comfortable with making decisions and taking actions that may seem to go against the grain. The lessons should also give you some tools with which to think through the 'second stage effects' of the steps you are considering today--that is, the consequences that will reverberate throughout the generations that follow you."

xx