Free PDF Strategic Planning for The Family Business: Parallel Planning to Unify the Family and Business (A Family Business Publication), by R. Carl
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Strategic Planning for The Family Business: Parallel Planning to Unify the Family and Business (A Family Business Publication), by R. Carl
Free PDF Strategic Planning for The Family Business: Parallel Planning to Unify the Family and Business (A Family Business Publication), by R. Carl
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Family business planning has traditionally centered on two issues - estate planning and succession. These goals are far too limited for today's family firm. Business families want to turn the business into not only a tool for profit, but for self-expression, innovation and legacy. The authors introduce the new concept of the Parallel Planning Process, explaining how to integrate the needs and expectations of the family and business systems in order to create an organic and entrepreneurial unit. Planning and decision making templates are included as well as studies of well-known family businesses.
- Sales Rank: #156658 in Books
- Published on: 2001-04-21
- Original language: English
- Number of items: 1
- Dimensions: 9.62" h x .87" w x 6.33" l, 1.50 pounds
- Binding: Hardcover
- 270 pages
- Strategic Planning for The Family Business
- Parallel Planning to Unify the Family and Business
- A Family Business Publication
- Strategic Planning
- Family Business
Review
'Strategic Planning for the Family Business is a very thoughtful and valuable book. It offers a superb kaleidoscope of the dynamics of the family business. Professors Carlock and Ward's notion of the Parallel Planning Process turns out to be a highly original and extremely effective way of diagnosing and intervening in such complex organizations. If I would find myself on a desert island with a family business (I agree that is quite a surrealistic thought), and was asked to help the various stakeholders, and could only resort to one book for guidance, this book would be my first choice.' -
Manfred F.R. Kets de Vries, Raoul de Vitry d'Avaucourt Professor of Human Resource Management, Clinical Professor of Leadership Development
INSEAD, France & Singapore
'The leaders of business families and family businesses will find this book a precious tool as they confront the many challenges of planning for the family and the business. Carlock and Ward draw from their many years of experience as educators, consultants and board members to make the text stimulating, relevant and of practical utility. I forecast that Strategic Planning for the Family Business will remain a benchmark of best practice for many years to come.' - Alden G. Lank, President, Family Business Network and Stephan Schmidheiny, Professor of Family Enterprises Emeritus, IMD, Switzerland
'The authors draw on their extensive experience and carefully illustrate how their innovative Parallel Planning Process works to establish the personal, financial and strategic priorities of both family and business. Moreover, they offer a useful method to forge a workable continuity plan. This book is a must read for anyone interested in planning for the continuity of the family business.' -
Ivan Lansberg, Founding Partner, Lansberg Gerswick & Associates, New Haven, Connecticut, USA
'Of great use to family businesses that, rather than conforming to the corporate world, want to evolve, grow and pass from generation to generation without losing their family character.' - Miguel A. Gallo, Family Business Chairholder, IESE, International Business School, Universidad de Navarra, Spain
This is a book that family business owners, advisers and researchers have been waiting for. Too often business families have been told to separate family interests from business interests because traditional models did not take account of the emotional dimension in the rational business planning process. Finally, we have in this book adefinitive guide that incorporates and balances the family's aspirations for their enterprise, their expectations of returns as investors, their involvement in the governance of the business and the formulation of a viable business strategy for the family's enterprise.
Ward and Carlock's new book integrates the key theories underpinning the body of knowledge in the field of family business, and in so doing, marks the coming of age of the field. This book comes highly recommended to all students of family enterprise, be they business families, advisers or academics.' - Barbara Murray, Ph.D., Lansberg Gersick Associates
'The Carlock and Ward book is a must for everybody working in and with family businesses. The emphasis on the planning process addresses the key deficiency of far too many family businesses.' - Joachim Schwass, Professor of Family Business, IMD, Switzerland
'Help for business families who strive for improved strategic performance and family harmony.' - Stanford Business
About the Author
RANDEL S. CARLOCK is the first Berghmans Lhoist Chaired Professor in Entrepreneurial Leadership at INSEAD and the Opus Endowed Professor of Family Enterprise at the University of St. Thomas in Minneapolis. He has over 20 years of executive and CEO experience and has completed postgraduate certification in family and marriage therapy.
JOHN L. WARD is the Wild Group Professor of Family Business at IMD, Clinical Professor and Director of the Kellogg School Center of Family Enterprises, Northwestern University and founder of the Family Business Consulting Group International. He is recognized as one of the world's leading authorities on the family business.
Most helpful customer reviews
26 of 27 people found the following review helpful.
Intellectual Tour de Force for Everyone
By John N. Doggett
I picked this book up because I was getting ready to consult with a family-owned firm about their strategy. My previous strategy consulting work has been with startups, small and medium sized and Fortune 500 firms. I knew that helping senior managers develop their business strategy might be an entirely different matter when the firm was a private, family held enterprise.
This book opened my eyes to the unique challenges of family businesses. It helped me understand the compromises that must be made when looking at the business strategy options for family firms. Most importantly, it helped me understand that the health of the family and the relationships between the generations was more important than pure business strategy thinking. This is exactly the insight that I was looking for. I learned much more than I expected and am deeply appreciative of the authors' exceptional insights and recommendations.
What I did not expect was that this would also be a first rate book for thinking about strategy. If you know nothing about strategic planning, this book is a great primer. If, however, you know a lot about strategic planning, and I started my career with McKinsey & Company in 1981, you will be amazed at how well the authors have summarized and simplified a wide range of very powerful idea.
Their goal was to help family members with different levels of business expertise understand some of the most powerful thinking about strategic planning so they could participate in spirited discussions about the future of their family firm's strategy. This book reminds me of Porter's Competitive Strategy as the authors have made strategic planning accessible to the masses while retaining the power of the analytical tools that are at its heart.
You will find that this book is a treasure trove of powerful insights in a very compact package. Thank you for doing such an outstanding job, John and Randel. I don't know you, but I really appreciate your gift to business owners, family members, business school professors, consultants and students.
15 of 16 people found the following review helpful.
One of the best practical books for family businesses and families in business
By Paul Franciosa
MY RATING SYSTEM:
* - if you have to chose between torture and reading this book, then you might want to consider reading the book - although it depends on just how severe the torture would be.
** - if you've lost your job and have quite a bit of free time on your hands, and don't have anything else better to do, then you might want to consider reading this book; don't expect to learn much or really be entertained. It will however, help you pass the time until your death.
*** - meh...I'm indifferent. Reading this book will not alter your life in any significant way, yet it is not so horrendously dreadful that your taking the time to read it will be a complete waste of time.
**** - Good book to great book zone here. You should probably read this book if you have some spare time. This book could be interesting, entertaining, or informative.
***** - Outstanding book! Make time to read this book - you'll learn or be entertained or intrigued. The book might even be good enough to provide original or helpful insights into the world that we live in.
REVIEW:
I have read extensively about family businesses, including just about everything by Professor Ward, and Strategic Planning for the Family Business is perhaps my favourite guidebook for family businesses.
Rather than being merely a 'story book' about the successes and failings of other family businesses (don't get me wrong, these sorts of books are immensely helpful in assisting families in identifying their own problems and relating to those of families in similar situations), this book provides mountains of practical information that can help families in business plan and prepare for the demands of being involved with a family business.
Unfortunately, most families do not take the time to consider and address even the most simple issues that can destroy their business and their family. This book serves as an excellent reference guide for families that want to be proactive about dealing with the issues that have the potential to cause severe damage. Go through the exercises in the book together - - there is probably no better way to begin ensuring the future success of your family business
A must read for anyone in a family business - it has the potential to stimulate a lot of discussion. Also highly recommended for those working in consulting/professional relationships with family businesses.
18 of 21 people found the following review helpful.
Packed with Knowledge!
By Rolf Dobelli
Balancing the needs of a business and the family that controls it might seem like an overwhelming task, unless you tackle the challenge with a clear-headed plan. Randel S. Carlock and John L. Ward provide just such an approach by mapping out the strategies and structures needed to make a family business run smoothly. In so doing, they address family conflict, executive succession, ownership schemes and a host of other issues that can make or break a family business. We from getAbstract highly recommend this book too for its practical and applicable methods of striking a balance between the needs of business and the needs of family.
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