Healthy Growth For The Family Business

 
9781891652172: Healthy Growth For The Family Business
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Family businesses find many different paths to success. Some, like Wal-Mart become among the world s largest businesses. Others, happily serve a limited market. Whether a business remains small or grows large, every family business at some time or other is faced with issues that center around growth. If you are a member of a business owning family, you may ask such questions as: Do we want this business to grow? Why should we grow it? Is it capable of growing? What sacrifices will growth require? What sacrifices will we make if we don t grow? Healthy Growth for the Family Business will help you answer those questions. When leaders of family firms think about growth, they take into consideration not just the business but also how the business growth will affect the family. Healthy Growth for the Family Business is aimed at helping members of family businesses sort out the issues associated with growth and arrive at decisions that are best for the business and the family. You will learn that growth can mean different things to different people, and not just in terms of increases in sales and profits. The way some family business owners look at growth will offer inspiration and spur creativity as you seek answers for your own company. Family shareholders and board members will learn a great deal from Dr. Pendergast s new book. When they have a better understanding of the issues involved in growth, these family members can support you in moving the family business in the direction it needs to go. Healthy Growth for the Family Business will provide you with practical knowledge. It will help you decide whether to grow and, if so, what type and amount of growth you want. You will learn to avoid the dangers of overestimating your company s ability to grow or under anticipating the company s need for growth. This book will also help you determine how best to reach your growth goals. In addition, it will serve as a useful tool in facilitating the important

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About the Author:

A senior associate of The Family Business Consulting Group, Inc., Jennifer Pendergast specializes in strategic planning, family business governance, business plan writing, and is an experienced facilitator. Jennifer is an experienced management consultant with an extensive background in the many strategic challenges faced by family firms serving a broad range of clients, ranging from startup to Fortune 500 companies, in both for-profit and non-profit arenas. Jennifer is an adjunct professor at Emory University s Goizueta Business School, where she teaches Strategic Management, Management Consulting, and Industry and Competitor Analysis. She has also taught at Georgia Tech and The Wharton Business School. Her teaching experience spans undergraduate, MBA and executive level programs. Pendergast s presentations, consultations and publications concentrate on strategic planning, family business governance, boards of directors, sales and marketing strategy. Her research on corporate governance and top management leadership issues has been published in a number of academic journals, including European Management Journal and Strategic Management Journal. She completed research on the impact of board structure and composition on corporate performance for her doctoral dissertation. She enters the field of family business having worked as a professor, as a consultant for McKinsey & Company, a leading international management consulting firm, and as an investment banker for a Wall Street firm. Jennifer received her Ph.D. in Management from Wharton Business School and holds a B.S. in Finance from University of Virginia s McIntire School of Commerce. Jennifer serves on the board of the Fulton County Juvenile Justice Fund and is past president of Community Consulting Teams. She is married, the mother of twins and resides in Atlanta.

Review:

As a member of a fourth generation sibling team who face the challenge of defining and planning for sustainable growth for our family business, I found Healthy Growth for the Family Business by Dr. Jennifer Pendergast to be particularly relevant and informative. The materials contained within this book move beyond the basic concepts of growth and provide a more comprehensive view of strategic issues related to growth in a family business. As our family continues to pursue a growth strategy for our businesses, we intend to use the many thought provoking questions raised within this book to prompt future discussions about responsible growth. --Diana C. Pickering, Biltmore Estate, Asheville NC

Whether growth translates into prosperity across generations lies at the heart of leadership of the family enterprise. Having worked with Dr. Pendergast on a variety of strategic assignments, I am well familiar with her impressive analytical abilities and her heart for the unique challenges and opportunities presented by family owned and operated businesses. Both are evident in Healthy Growth for the Family Business. Any family member, leader or professional wrestling with the financial, operational and cultural issues inherent in the question of whether to grow and how to grow, will find great value in her thorough analysis. --Steven C. Tourek, Senior Vice President/General Counsel, Marvin Windows and Doors

As a non-family executive in a diversified, multi-generational family-owned company, I fully endorse the growth perspective so well articulated by Dr. Pendergast in Healthy Growth for the Family Business. She has succinctly captured the essence of the growth challenge for the family owned business; its need for proper definition, to be with purpose, and for the consequences to be broadly understood. I found the book to be easily read, filled with real-world examples, and well-organized. It will be shared throughout our company as we transition from third generation management leadership to that of the fourth generation and refine our vision for growth and renew our commitment to healthy growth. --Barton Weeks, Executive Vice President, A. Duda & Sons, Inc

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Other Popular Editions of the Same Title

9780230111240: Healthy Growth for the Family Business (A Family Business Publication)

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ISBN 10:  0230111246 ISBN 13:  9780230111240
Publisher: Palgrave Macmillan, 2011
Softcover

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