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Entrepreneurs in every generation : how successful family businesses develop their next leaders

Author: Allan R Cohen; Pramodita Sharma
Publisher: Oakland, CA : BK/Berrett-Koehler Publishers, Inc., [2016] ©2015
Edition/Format:   Print book : English : First editionView all editions and formats
Summary:
Companies that are owned and run by families need to develop leadership and entrepreneurial skills just like any other company, but family firms face obstacles that hire and fire companies don't. Family dynamics rarely perfectly mirror the best practices in the latest Harvard Business Review. So what factors in the family and work environments enable the creation of leaders who share the entrepreneurial fire of the  Read more...
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Document Type: Book
All Authors / Contributors: Allan R Cohen; Pramodita Sharma
ISBN: 9781626561663 1626561664
OCLC Number: 922909842
Description: xxvii, 226 pages : illustrations ; 23 cm
Contents: Forward / by John Ward --
Introduction --
Secrets of successful entrepreneurial leaders --
Developing entrepreneurial leadership skills --
Secrets of successful enterprising families --
Developing enterprising families --
Secrets of entrepreneurial organizations --
Developing entrepreneurial organizations --
Action planning, a question of balance & timing --
Notes --
Acknowledgments --
About the authors --
List of companies.
Responsibility: Allan R. Cohen and Pramodita Sharma.

Abstract:

Companies that are owned and run by families need to develop leadership and entrepreneurial skills just like any other company, but family firms face obstacles that hire and fire companies don't. Family dynamics rarely perfectly mirror the best practices in the latest Harvard Business Review. So what factors in the family and work environments enable the creation of leaders who share the entrepreneurial fire of the founders? Is there a specific education, training and experiential pathway that tips the odds of entrepreneurial success across generations? How do some firms manage to bypass family conflicts, disparate visions of the future, sibling rivalries, generational transition traps, death and divorces, that seem to mark the demise of so many family businesses? Cohen and Sharma draw on their deep and extensive research on family businesses to reveal the secrets of enterprising families, using examples of both firms that flourished and those that failed. While this book is written with top leadership in mind, it is especially focused on the needs of the second and third generations. Cohen and Sharma emphasise that the most important skill of all is thinking like an entrepreneur; something that succeeding generations in family firms often miss.

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