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Includes bibliographical references and index

The last three decades have witnessed a dramatic increase in research on family businesses, as institutions have increasingly recognized that family businesses represent the most common form of business organization and a large part of the GDP in most countries. This major work answers the global need for a resource that captures and presents a comprehensive overview of the literature in the field of family business

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

Discover What Makes Family Businesses Beat the Odds and Thrive over Generations. Families are complicated; family businesses even more so. Like other companies, family-run enterprises must develop leadership and entrepreneurial skills. But they must also manage family dynamics that rarely mirror the best practices in the latest Harvard Business Review. Allan Cohen and Pramodita Sharma, scholars with deep professional and personal roots in family businesses, show how enterprising families can transmit the hunger for excellence across generations. Using examples of firms that flourished and those that failed, they describe the practices that characterize entrepreneurial individuals, families, and organizations and offer pragmatic advice that can be tailored to your unique situation.

Edited by the leading figures in the field, with contributions and editorial board support from the most prominent names in family business, the handbook reflects on the development and present status of the field in terms of applied theories, methods, chosen research issues and theoretical contributions

AbstractDespite exhortations about the importance of succession planning for the family firm, many believe that family firms continue to leave succession planning to chance. This study shows that family members have different opinions about whether their family firms engaged in succession planning. The incumbents believe that they did while the other family members, including the successors, believe that they did not. We also present results showing that two factors with which the family business succession literature is most concerned—an incumbent ready to step aside and the presence of a competent successor—may influence the extent to which the Canadian family firm engages in succession planning.RésuméMalgré les consignes concernant l'importance de plani‐fier la succession d'une compagnie familiale, beaucoup d'entre nous croient que ces m4iCme famille different d'opinion a savoir si la compagnie s'est, oui ou non, engagée dans un processus de planification de la succession. Ceux et celles en place croient qu'ils l'ont fait quand les autres membres de lafamilee, incluant les suc‐cesseurs, croient le contraire. Nous presentons aussi des donnees qui démontrent que les deuxfacteurs qui préoc‐cupent la litérature dans le domaine—une personne en place prete a céder sa place et la presence d'un suc‐cesseur compétent—peuvent influencer le degré d'engagement de la compagnie familiale canadienne au processus de planification de la succession.

This illustrative book considers the interface of business structures, contexts, and leadership building blocks to explore the contingent nature of leadership development in transgenerational entrepreneurship. Longitudinal case studies of 27 family firms in nine different countries provide a rich, global selection of leadership development insights by examining the roles of values, professionalization, leadership style and other contingent factors. The diversity of cases and chapters provides a rich foundation for insight into the pathways currently in use to develop the next generation leaders, illuminating the strategies and pathways of successful transgenerational family enterprises. By examining the available literature and one or more case studies, each chapter draws pragmatic conclusions, with findings that suggest the importance of focusing on leadership as a shared capability, transmission of values to maintain an entrepreneurial culture, the fit between professionalization and values to increase transgenerational potential, the need to address the structure of the business and the focus on parenting to develop next generations. This path-breaking book will inform family business researchers as they explore the ways in use to develop the next generation. Each chapter starts with a mini-case study focused on a dilemma related to leader development, making this book an excellent resource for educators in undergraduate, graduate, or executive programs