Family, Inc.: How to Manage Parents, Siblings, Spouses, Children, and In-Laws in the Family Business
- ISBN13: 9781564149855
- Condition: NEW
- Notes: Brand New from Publisher. No Remainder Mark.
Product Description
More than 24 family businesses in the United States. employ 62 percent of America's workforce. And in Asia, Europe, Australia, and Latin America, experts say family businesses could account for as much as 80 percent of the private sector.
What's different about dealing with family members than dealing with underlings and managers at an impersonal corporation? When was the last time sales for a Fortune 500 company slumped because two brothers couldn't get ... More >>
Family, Inc.: How to Manage Parents, Siblings, Spouses, Children, and In-Laws in the Family Business
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Comments
Easy to read. Would recommend for family businesses in the first and second generation. Not much help for families in businesses in the third and fourth generations.
Rating: 3 / 5
Imagine the conflict, arguments and drama around almost every holiday dinner table, then imagine them played out around a conference table and you’ll see the issues that arise in family firms. Emotional, volatile relationships can erode even the most solid business. Larry and Laura Colin, who worked together in a family company before it was sold, use their first-hand experiences to show you how to avoid sacrificing your relationships on the altar of the family firm and visa versa. They look at the characters who populate many family firms, including “Dad the Decider,” “The Hard-Charging Son” and “Mr. & Mrs. Inc.” Although their insights are just one step beyond common sense, at least you don’t need a business degree to understand the conversational text. getAbstract recommends this to readers who must practice nepotism as an art form, working with bosses, colleagues and employees who are also close-knit kin.
Rating: 4 / 5
Family Inc. describes character – “Dad the Decider,” “The Hard-Charging Son”, “Mom the CFO”, “The Inlaw under the Influence, and “The Father with Fairwell Paranoia” that are found in numerous family business settings, and talks about how these characters can tilt a family business unit structure. A good example is how the arguments, conflicts, and drama in the family unit can play havoc in the business unit. Growing up, and working in my family’s business, I can relate to what Larry and Laura Colin describe in their book – the emotionally charged relationships that can erode even the most solid business.
The book is an easy read, and a bargain investment. In the privacy of your own home you can read up if you or other family members fit one or many of the characters described that can hurt your family business and keeps it back from moving into the “next generation.” Highly recommended if you want your business to move beyond the second generation.
Rating: 4 / 5