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Generation to Generation: Life Cycles of the Family Business
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Generation to Generation: Life Cycles of the Family Business

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Description:

"Generation to Generation" presents one of the first comprehensive overviews of family business as a specific organizational form. Focusing on the inevitable maturing of families and their firms over time, the authors reveal the dynamics and challenges family businesses face as they move through their life cycles. The book asks questions, such as: what is the difference between an entrepreneurial start-up and a family business, and how does one become the other? How does the meaning of the business to the family change as adults and children age? How do families move through generational changes in leadership, from anticipation to transfer, and then separation and retirement? This book is divided into three sections that present a multidimensional model of a family business. The authors use the model to explore the various stages in the family business life span and extract generalizable lessons about how family businesses should be organized.

Product Details:
Author: Kelin E. Gersick
Hardcover: 320 pages
Publisher: Harvard Business Review Press
Publication Date: January 01, 1997
Language: English
ISBN: 087584555X
Product Length: 9.5 inches
Product Width: 6.44 inches
Product Height: 1.2 inches
Product Weight: 1.41 pounds
Package Length: 9.2 inches
Package Width: 6.3 inches
Package Height: 1.2 inches
Package Weight: 1.4 pounds
Average Customer Rating: based on 13 reviews
Customer Reviews:
Average Customer Review: 5.0 ( 13 customer reviews )
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Most Helpful Customer Reviews

4 of 4 found the following review helpful:

5An excellent book for anyone interested in family businessesAug 13, 1999

I think this is one of the best books available on family businesses! I found it insightful and informative. I think anyone interested in the subject should read this book. I strongly disagree with the review that describes this book as "too theoretical." I found it immensly practical.

3 of 3 found the following review helpful:

5The best ever study on family businessApr 26, 1997

The authors took ten years studying hundreds of family firms to write this very deep and understanding description of how a family business develops trhu time. A must for anyone interested in this fascinating subject.
Antonio C. Vidigal

5 of 6 found the following review helpful:

5Packed with Knowledge!Apr 01, 2002
By Rolf Dobelli "getAbstract"
Most businesses in the world today are owned by families, but only a small percentage of these companies will survive and grow into major corporations. The unique challenges posed by family ownership can undermine even the best-performing small business, as issues of control and succession permeate the generations. In Generation to Generation, the authors apply the simple premise that managing a family-owned business to a large extent means managing the family itself. To that end, they provide a rich compendium of research and strategic suggestions for those charged with making a family business work, including the consultants who guide them. We from getAbstract highly recommend this book for these applicable measures and methods, which will help the performance of both business and family.

5 of 6 found the following review helpful:

5A perfect blend of theory and practice!Sep 16, 1999

The authors effectively present a theoretical, as well as practical model of family business dynamics, incorporating the complexities of development over time. This book is a must-read to gain a deep understanding of families in business from the key perspectives of familiy, business, and ownership. Their use of case examples effectively illustrate the practical application and relevance of theory. To sum it up, it's steak AND sizzle!

2 of 2 found the following review helpful:

5A 'must-read' for the whole family !!Nov 22, 2003
By Murat Saracoglu
"Generation to Generation", published by Harvard Business School Press, is an attempt to model how family businesses work in essence. The authors' research include interesting vignettes and 'lessons-learned' from a variety of families; how they achieved their goals, how they resolved conflicts between family members etc. Since the topic of family business in academics is fairly new, this book can be considered as one of the best in its field.

Important topics (such as succession, development stages and inter & intragenerational issues) are covered in detail to enlighten the reader. Contrasting viewpoints are also included to make the reader think for his or herself.

In general, the book is fairly easy to read since it explains the modeling theory with examples from numerous enterprises.
I strongly recommend it all who are destined to work in the complex system called family business.

See all 13 customer reviews on Amazon.com

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