The Harvard Business Review Family Business Handbook by Josh Baron -- Read -- Imperial Library of Trantor

Index

Cover Series Page Title Page Copyright Contents Introduction: Understanding Your Family Business Part One: Cracking the Code of Your Family Business

1. Decode Your Family Business

The impact of individuals Make-or-break relationships System dynamics Summing up

2. The Power of Family Ownership

The hidden pyramid The power to destroy The power to sustain The five rights of family owners Summing up

Part Two: The Five Rights of Family Owners

3. Design: Choose the Type of Family Ownership You Want

What type of family ownership do you want? Understanding the current and future implications of your ownership type Changing your type of family ownership Summing up

4. Decide: Structure Governance to Make Great Decisions Together

The Four-Room model Structures: form your Four Rooms Processes: integrate across rooms Overhaul your governance Summing up

5. Value: Create an Owner Strategy to Define Your Success

The right to define value: growth, liquidity, and control Defining purpose in a business family Setting owner goals Creating owner guardrails Developing your Owner Strategy statement Summing up

6. Inform: Use Effective Communication to Build Trusted Relationships

Building trust The trade-off between transparency and privacy Drafting your communication plan Summing up

7. Transfer: Plan for the Transition to the Next Generation

The right to transfer: 2G or not 2G? The essential elements of successful continuity planning How to set continuity planning in motion Summing up

Part Three: Challenges You Will Face

Death in the family New people entering the business family Inequality Behavioral health issues How to stabilize after a disruption Summing up

9. Working in a Family Business

Deciding to work in your family business Joining the business as an in-law Preparing for life under the microscope Thriving as an outsider in a family business Summing up

10. Family Employment Policy

Decide how to attract the talent in your family Create entry rules for family employees Plan family employee career paths Design feedback and development for family employees Compensate family employees Prepare an exit path for family employees Draft your family employment policy Summing up

11. How to Be Responsible with the Wealth of Your Family Business

Protect the golden goose Build a portfolio to last generations Prepare your family to be responsible with its wealth Summing up

12. Conflict in the Family Business

Finding the Goldilocks zone of conflict Moving from fake harmony to constructive conflict The conflict spiral: from diverging interests to family wars Escaping a family feud Avoiding the conflict spiral Summing up

13. The Family Office in a Family Business

The functions of a family office How to know if you need a family office Types of family offices Building out your family office Deciding when to close your family office Summing up

14. The Dangers of Losing What You’ve Built

Recognizing warning signs that you might be losing control Maintaining your family values Responding to an economic crisis Summing up

Conclusion: The Good Journey, Together Notes Further Reading Index Acknowledgments About the Authors