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Preparing Your Family Business for Strategic Change
by John L. Ward Craig E. Aronoff
Paperback - 60 pages 0 edition Vol 9 (August 1997)
Business Owner Resources; ISBN: 0965101193
Book Description
Strategies for family firms, unlike those of other businesses,
can and should incorporate family factors. Responsible and disciplined
strategic integration of family and business goals, strengths and
values produces powerful results. Growth, market and technological
advances, and increased competition have made strategic planning
a much more crucial process for family firms. Particularly critical
during generation transitions, significant strategic change is now
likely to be required as many as five times during the tenure of
new family business leaders. In Preparing Your Family Business For
Strategic Change, you'll learn:
- How to reach your family business's strategic potential
- How to ensure that your family enterprise stays strategically
fresh
- How to demystify past success
- How to make change your tradition
- How to prevent past successes from limiting future ones
- How family values and passions can promote strategic business
strengths
- How to recognize and use your family business's advantages
- How to overcome family business disadvantages
- How to depersonalize successes to benefit the business and the
family
- How to create a strategic culture
Creating and implementing successful family business strategy is
no abstract planning process. It requires family business leaders
to understand the real reasons for success, to create a culture
of change, and to manage incremental strategic experiments in ways
that consistently stimulate strategic thinking. Preparing Your Family
Business For Strategic Change shows you how.
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