The Successful Family Business: A Proactive Plan for Managing the Family and the Business

Synopsis

Over 80% of the businesses in the United States are family owned and managed. Family business statistics show that less than one-third pass successfully to a second generation, often the result of insufficient planning. Drawing from numerous in-depth examples (both positive and negative), Hess offers a fascinating glimpse into the dynamics of family business management and specific strategies to promote the health of the enterprise. 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.

Additional information

Contributors:
Publisher: Place of publication:
  • Westport, CT
Publication year:
  • 2006