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Rating: Summary: A 'must-read' for the whole family !! Review: "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.
Rating: Summary: An excellent book for anyone interested in family businesses Review: 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.
Rating: Summary: Packed with Knowledge! Review: 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.
Rating: Summary: Nice, but too theoretical Review: Provides a very thorough framework for understanding and theorizing about family owned / managed businesses. When the rubber meets the road, the book does not provide enough practical advice to be useful outside of business school.
Rating: Summary: A perfect blend of theory and practice! Review: 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!
Rating: Summary: The best ever study on family business Review: 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
Rating: Summary: Excellent roadmap for family firms Review: This is a mandatory book for all the people involved in the management of family businesses. I highly recommend it!!!
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