The two sides of the business family : governance and strategy across generations / Arist von Schlippe, Tom A. Rüsen, Torsten Groth.
Schlippe, Arist von, author.; Rüsen, Tom A. author.; Groth, Torsten, author.
2021
HD62.25
Available Online

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Title The two sides of the business family : governance and strategy across generations / Arist von Schlippe, Tom A. Rüsen, Torsten Groth.
Author Schlippe, Arist von, author.
Uniform Title Beiden Seiten der Unternehmerfamilie. English
ISBN 9783030602000 (electronic bk.)
3030602001 (electronic bk.)
9783030601997
DOI https://doi.org/10.1007/978-3-030-60200-0
Published Cham : Springer, 2021.
Language English
Description 1 online resource (xxiv, 246 pages) : illustrations
Item Number 10.1007/978-3-030-60200-0 doi
Call Number HD62.25
Dewey Decimal Classification 658.022
Summary This book focuses on a central success factor for family businesses: maintaining the decision-making ability over generations while not jeopardizing the business due to family conflict, inefficient governance structures, or lack of identification. The authors identify that this is not as easy as the endeavor to bring two social systems together with contradicting logic (family and business) leads to many dangerous pitfalls. This book presents outcomes of a unique research project in which family managers of eleven of the oldest and largest German family businesses, at least the fourth generation, met for more than three years on a regular basis and presented the essence of their family governance structures to each other and to the authors. It was a joint "learning journey" that admits identifying twelve core questions that these families had been answering to keep up the relationship between family and business successfully over generations. Obviously, there is no "right" answer to these questions. The key to success is rather engaging the families in a process to find out their own answers and make them aware of the "two sides": being a family is different from being a business family
Bibliography, etc. Note Includes bibliographical references.
Access Note Access limited to authorized users.
Digital File Characteristics text file
PDF
Added Author Rüsen, Tom A. author.
Groth, Torsten, author.
Series Management for professionals, 2192-8096
Available in Other Form Print version: 3030601994
Linked Resources Online Access
Record Appears in Online Resources > Ebooks
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Part I Introduction
Family strategy over generations
Part II Managed by neglect: solutions that create problems
Riding a ghost train: "What happens if 'nothing' happens?"
Part III The Witten theory of the business family
Family and business
the "impossible endeavour"
Family and business family at the same time: the duplicated family
Part IV Core issues of family strategy
Appointment decisions: a sense of belonging and drawing limits
Legitimation: decide without deciding!
Being aware of mental models
What's the point of it all? Cross-generational meaningful purpose
Part V Developing a family strategy
Re-inventing the wheel! The Witten model of family strategy development.

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