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Family Businesses
Book

Family Businesses

The Essentials

Profile Books, 2007 подробнее...


Editorial Rating

8

Qualities

  • Applicable

Recommendation

Planning, starting, operating and retiring from a family business can be difficult. Issues such as succession and pay, corporate governance and recruiting top talent pose special problems for these kinds of organizations. Rivalry among siblings who inherit a family firm is often the kiss of death for even the strongest family business. Nonfamily members, even those who are senior executives or directors, often feel that the family treats them unfairly or fails to listen to them. In this new book, Peter Leach analyzes and provides excellent advice about how to solve such seemingly intractable problems. His suggestions come out of his long experience successfully advising family-run businesses in the United Kingdom. getAbstract recommends this sage and savvy book to family-business founders, successors, inheritors and nonfamily executives or directors.

Take-Aways

  • The family-owned business is the most common type of business.
  • Most family firms have idealistic values and a special sense of purpose.
  • Family-business owners should plan their retirements carefully – although many don’t.

About the Author

Peter Leach is the founder and chair of the Stoy Centre for Family Business. He is also a partner at a British firm that specializes in advising family businesses.


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