Women have an important role in families and in family businesses. For too long the contributions of women have been taken for granted and kept invisible. That is now changing. Women produce and raise future shareholders for family businesses, and they serve as active members on family councils managing a variety of vital issues. In addition, we ve seen generations of dynamic women take the reigns of their family businesses and lead them to realize substantial financial growth. Yet women still face challenges in family business. As wives, they are often kept in the dark about the business and its finances. As daughters, daughter-in-laws, grand-daughters, sisters and nieces, they are often relegated to the position of noncontributing shareholders. Even as employees and company leaders, women face challenges establishing and maintaining authority, as well as sustaining a work/life balance. Despite the challenges, women are proving to be a crucial source of talent in family businesses. A Woman s Place...The Crucial Roles of Women in Family Business by the female associates of the Family Business Consulting Group, Inc. examines the unique challenges of women in family businesses. It provides strategic methods for women to maximize their understanding of the family business and provides a roadmap for success to women who seek leadership roles in their family businesses. It also provides insight on how families can groom their female relatives for succession. Some highlights from A Woman s Place include: real life accounts of women s experiences in family business; tips on how women can maintain a work/life balance; methods for couples to handle the woman being the dominant member; steps to take in order to become financially literate and learned; and how to effectively communicate as a woman leader. No family can flourish without utilizing the talents of its women. A Woman s Place will provide everyone in family business with the knowledge on how they can maximize the success of women in family business and subsequently maximize the success and continuity of their business.
About the Author:
Ann Dugan is an associate of the Family Business Consulting Group, Inc. and is the founder, executive director and assistant dean of the Institute for Entrepreneurial Excellence part of the Joseph M. Katz Graduate School of Business at the University of Pittsburgh. Ann specializes in areas of family business, strategic planning, development of the franchise system and the dynamics of the entrepreneurial firm. Sharon Krone is a former senior associate of The Family Business Consulting Group, Inc. and is currently the facilitator of the Next Generation Leadership Institute at Loyola University Chicago. She specializes in family meeting facilitation, family education, next generation leadership development and inheritors of wealth issues. Kelly Lecouvie, Ph.D. is a senior associate of the Family Business Consulting Group, Inc. and is on the faculty at the Schulich School of Business, York University, Toronto, Ontario. She specializes in facilitating communication among family members, succession planning, strategic planning, as well as leadership and board development. Jennifer Pendergast, Ph.D. is a senior associate of The Family Business Consulting Group, Inc. and executive editor of The Family Business Advisor. Jennifer specializes in strategic planning, family business governance, business plan writing, and is an experienced facilitator. Denise H. Kenyon-Rouvinez, Ph.D. is a senior associate of the Family Business Consulting Group, Inc., based in Switzerland. Denise is a researcher, speaker and consultant working with family businesses on governance issues such as establishing a business board that works; defining roles, tasks and responsibilities for business, family and shareholders; family councils; and performance evaluation and control. With her research and work on serial business families, she also helps families to find a path for change and entrepreneurial development. Amy Schuman is a principal of the Family Business Consulting Group, Inc., working with family businesses on leadership development, communication skills and team building. Her experience is centered on helping family members collaboratively create systems, structures and relationships to help them function as effective stewards of their enterprise. Amy creates leadership and career development approaches tailored for sibling teams, young adults, teens and younger children in the next generation. She helps create conditions for successful generational transfer.
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