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Strategic Planning for the Family Business:
Parallel Planning to Unify the Family and the Business

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by Randel S. Carlock and John L. Ward

Hardcover - 256 pages (April 2001)
Palgrave Macmillan; ISBN: 0333947312

Book Description

Strategic Planning for the Family Business is a model of family business thinking which demonstrates how the family's commitment and the business' strategic potential influence the family's investment decisions.

"This book 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 and Clinical Professor of Leadership Development, INSEAD, France and 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 Stephen 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.