Practical Strategy For Family Business

Michael K. Allio , Robert J. Allio

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Family businesses are an extraordinary force in the global economy, and they are blessed with a number of virtues that enhance their performance. At the same time, they suffer from an array of potential vices. In the global marketplace, the stakes are high: to excel, family businesses will need to embrace best practices in strategy and strategic management.. They will need to resist the vices, capitalize on the virtues, and engineer the foundations for generations of growth and prosperity.

This book is a hands-on primer on how to develop practical strategy to enhance competitive position and stakeholder satisfaction--particularly in the context of family business. The principles and tools presented are universal, and successful businesses anywhere will profit from understanding and using them.

Practical Strategy for Family Business balances the best of contemporary theory with timely examples from Fortune 500 corporations and other family businesses from the authors' substantial client portfolio.

What will you learn from this book

  1. Family Business Dynamics:

    • The book may delve into the unique dynamics of family businesses, addressing challenges and opportunities that arise from family involvement.
  2. Strategic Planning:

    • Expect discussions on strategic planning specific to family businesses, considering both the business and family aspects in the decision-making process.
  3. Succession Planning:

    • Insights into effective succession planning within family businesses, addressing issues related to leadership transition and continuity.
  4. Communication Strategies:

    • The book might emphasize the importance of effective communication within the family and the business to foster understanding and collaboration.
  5. Governance and Structure:

    • Expect discussions on establishing governance structures that balance family interests with the needs of the business, ensuring sustainable growth.
  6. Conflict Resolution:

    • Insights into managing and resolving conflicts that may arise in family businesses, offering practical strategies for maintaining harmony.
  7. Innovation and Adaptability:

    • The book may highlight the importance of innovation and adaptability in family businesses to stay competitive in changing markets.
  8. Balancing Personal and Professional Lives:

    • Expect considerations on how family members can balance their personal and professional lives while working together in a business setting.
  9. Financial Management:

    • Insights into effective financial management within family businesses, covering budgeting, investment decisions, and financial sustainability.
  10. Case Studies and Practical Examples:

    • The inclusion of case studies and practical examples may provide real-world illustrations of successful strategies and lessons learned in family businesses.
Language English
ISBN-10 0070588457
ISBN-13 9780070588455
No of pages 265
Font Size Medium
Book Publisher Tata Mcgraw-Hill
Published Date 01 Sep 2005

About Author

Author : Michael K. Allio

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