Synopsis
Going from the sibling to the cousin generation is the last major transition for business owning families and many times this is the most complicated transition. A cousin-stage business requires a completely different pattern of thought than a sibling-stage business. This book by the authors of Making Sibling Teams Work: the Next Generation is aimed at helping cousins organize themselves and their extended family for success as a group that owns and runs a business together. You will become knowledgeable about the key issues that cousins face, such as how to attract the most capable family members into the business leadership roles or how to develop agreement among owners who may be widely scattered in geography and opinions. If you are a sibling owner, this book will help you create the circumstances to help your children become successful team -if it's the family's goal to continue in business together. This is a how-to book aimed at helping the cousin generation continue working together successfully. In From Siblings to Cousins: Prospering in the Third Generation and Beyond you'll learn: the requirements for success; managing the business in the cousin generation; the art of governance in the cousin generation; the transition issues that occur from siblings to cousins; special challenges for cousins; assuring continuity and success; and much more. When cousins set their hearts and minds to it, they can work together and give continuity to a viable business and the owning family. Transforming themselves from a disparate group of cousins who once hardly knew each other into a Cousin Collaboration will be both awe-inspiring and rewarding. From Siblings to Cousins: Prospering in the Third Generation and Beyond will show you how.
About the Author
Craig E. Aronoff Co-founder, principal, and Chairman of the Board, of The Family Business Consulting Group, Inc., Craig Aronoff is a leading consultant, speaker, writer, and educator in the family business field. As the founder of the Cox Family Enterprise Center and current professor emeritus at Kennesaw State University in Marietta, GA, Aronoff invented and implemented the membership-based, professional-service-provider sponsored Family Business Forum, which has served as a model of family business education for some 150 universities world-wide. Until his retirement in January 2005, he held the Dinos Eminent Scholar Distinguished Chair of Private Enterprise and was a professor of management in Kennesaw State s Coles College of Business. As a consultant, Aronoff has worked with hundreds of family companies in the U.S. and abroad on issues including generational transitions; developing business and family governance processes and structures; finding and articulating family missions and values; facilitating decision making and conflict resolution; managerial development; family compensation and dividend policies; family meetings; and more. As an inspiring, informative and entertaining speaker on a variety of family business topics, he speaks regularly to trade and professional groups and has lectured at over 100 universities. With co-author John L. Ward, Aronoff is perhaps the most prolific writer in the family business field. He has authored, co-authored or been editor of more than thirty books, including the 22-volume Family Business Leadership Series and is the founding editor of The Family Business Advisor. Listed in Who's Who and widely acknowledged for his work in the area of family business, Aronoff has received, among other honors: the Family Firm Institute s Beckhard Award for Outstanding Contributions to Family Business Practice; The Freedom Foundation s Leavey Award for Excellence in Private Enterprise Education; and the National Federation of Independent Business Foundation's Outstanding Educator Award. The Aronoff Professorship of Family Business at Kennesaw State University was named in his honor. His present and past activities in civic and community organizations include: president of the Family Firm Institute (1992-94); president of the Marietta Kiwanis; vice chairman of the Cobb (County, GA) Chamber of Commerce; chairman of the Cobb Transit Advisory Board; member of the Marietta Planning Commission; and president of the Association of Private Enterprise Education. Aronoff grew up in a family business. He received his bachelor s degree from Northwestern University, his Masters from the University of Pennsylvania, and his Doctorate from the University of Texas at Austin. The parents of three grown children, Craig and his wife Jane live in Marietta, Georgia. John L. Ward A co-founder of the Family Business Consulting Group Inc., Ward is clinical professor at the Kellogg School of Management (Chicago, USA). Ward teaches strategic management, business leadership and family enterprise continuity. He is an active researcher, speaker and consultant on family succession, ownership, governance and philanthropy. He is the author or co-author of several leading texts on family business, Keeping the Family Business Healthy, Creating Effective Boards for Private Enterprises, Strategic Planning for the Family Business, Perpetuating the Family Business, Unconventional Wisdom and Family Business Key Issues. He is also an author of a collection of booklets, The Family Business Leadership Series, each focusing on specific issues family businesses face. Ward graduated from Northwestern University (B.A.) and Stanford Graduate School of Business (M.B.A. and Ph.D.). He is the co-director of The Center for Family Enterprises at Kellogg and currently serves on the boards of four comp
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