The Family Business Book: A Roadmap For Entrepreneurial Families To Prosper Across Generations

By (author) De Massis Alfredo; By (author) Rondi, Emanuela
Short description/annotation:
Only 30% of first-generation family businesses make it to the second generation, 12% survive from the second to the third generation and only 4% reach the fourth generation.  This book is a practical roadmap for your family business to prosper now and plan for continued success in the future. 
Description:
A comprehensive guide for family businesses to build a strategy to prosper now and thrive across generations into the future. 
Table of contents:

1. Developing a strategy for entrepreneurial families to prosper and thrive across generations 
2. Creating and managing family firms  
3. Nurturing the family while germinating families 
4. Being and growing responsible family owners 
5. Managing family wealth and running the family office 
6. Engaging the family in philanthropic and other social initiatives 
7. Engaging with the Nextgen and handling succession  

Review quote:

“Combining the spiritual and entrepreneurial, this book provides a holistic approach to family wealth management and business success, bringing socioemotional wealth issues at the family galaxy level. This is a must read for anyone interested in family businesses and specifically the protection and enhancement of socioemotional wealth in these organizations.” Prof. Luis Gomez-Mejia, Regents'' Professor and Weatherup, Overby Chair in Leadership, Arizona State University, US

“Written by two leading experts in the family business space, this book is a must-have for any family business owner. The book delves into the intricacies of family dynamics, offering actionable solutions.” Prof. Thomas M. Zellweger, Managing Director of the KMU Institute and the Center for Family Business at the University of St.Gallen, Switzerland

“This book superbly blends the practical aspects of running a family enterprise with the “willingness” and “ability” elements that keep the entrepreneurial family at the center of the metaphorical galaxy. The authors describe how the Entrepreneurial Family Galaxy is surrounded by diverse stakeholders that gravitate around it. This innovative book offers a fresh perspective on family firms, prompting me to draw an analogy with Einstein’s General Theory of Relativity. Using this analogy and the insights from this book, I envision the family as a central mass that curves spacetime around it, creating a gravitational pull that attracts potential stakeholders towards the family and its business. The family''s central mass slows down time in its favor, fostering the survival and success of the family business across generations. This book is an excellent resource for anyone eager to learn, from a NEW perspective, the secrets that enable entrepreneurial families to create lasting financial and nonfinancial wealth over time.” Prof. Francesco Chirico, Professor of Strategy and Family Business at Macquarie Business School (Australia) & Jonkoping International Business School (Sweden). Co-Director of the Innovation, Strategy & Entrepreneurship (ISE) Research Centre, and Co-Founder of the Australasian Family Enterprise Research Network (AFERN), Australia

“In this highly competitive global economy, the business family must be innovative and entrepreneurial to prosper from generation to generation. This book covers the What, How, and Why of entrepreneurial families. While knowing the What and the How is very important, it is understanding the Why that will allow business families to adjust and adapt the many systems and practices to their particular situation. Only rigorous research can give us that reliable understanding. Based on their own and other''s research, Professors Rondi and De Massis have written an excellent