Making Sibling Teams Work: The Next Generation
by John L. Ward Craig E. Aronoff
Mass Market Paperback - 72 pages Vol 10 (December
1, 1997)
Business Owner Resources; ISBN: 1891652001
Book Description
Where a business was once almost invariably handed from father
to son, it is now increasingly passed from a founder to a next-generation
sibling team. Brothers and sisters own and run businesses together
in relationships that can be characterized by strength, joy, love
and support or by dysfunction, disharmony and disaster.
This book is for business-owning parents who want to position
their children for success as co-owners and co-leaders in their
family business. It is for those children's wives and husbands who
want to be supportive and yet not overwhelmed by the dynamics of
the family into which they've married. And this book is for those
who are or who may become part of a team of sibling owners or managers.
Making Sibling Teams Work will help those who have accepted the
responsibility of preserving and building a business to find success
in their own generation while setting the stage for the generation
to follow.
In Making Sibling Teams Work, you'll learn:
- How parents can improve the odds of next generation success
by treating their children as a unit, challenging them to work
as a team and resisting the temptation to intervene.
- How in-laws can prepare themselves for their roles and play
them effectively.
- How brothers and sisters can gain the knowledge, skills and
commitment to ensure successful working relationships.
- How to develop the necessary infrastructure of governance, policies,
and procedures to provide the framework for planning, decision
making and accountability.
- How to assure that Mom and Dad won't divide the sibling team.
- How to nurture positive personal relationships among siblings
and their spouses.
- How to develop and articulate the sibling team's values and
goals.
- How to prepare for the coming cousins' generation.
The second generation can be a very vulnerable time in the life
of a family business. Making Sibling Teams Work will show how teams
can pilot a family business through this critical phase.
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