Family Business Succession

1. Front Matter

   Pages i-viii

   PDF

2. Introduction

   • Craig E. Aronoff, Stephen L. McClure, John L. Ward

   Pages 1-11

3. The Pieces of the Succession Puzzle

   • Craig E. Aronoff, Stephen L. McClure, John L. Ward

   Pages 13-18

4. The CEO’s Personal Challenge

   • Craig E. Aronoff, Stephen L. McClure, John L. Ward

   Pages 19-25

5. Preparing Your Business for Succession

   • Craig E. Aronoff, Stephen L. McClure, John L. Ward

   Pages 27-32

6. Developing Effective Successors

   • Craig E. Aronoff, Stephen L. McClure, John L. Ward

   Pages 33-50

7. Preparing the Family for a Successful Transition

   • Craig E. Aronoff, Stephen L. McClure, John L. Ward

   Pages 51-55

8. Preparing the Responsible Owner Team

   • Craig E. Aronoff, Stephen L. McClure, John L. Ward

   Pages 57-60

9. The Evolving Roles of Leader and Successor

   • Craig E. Aronoff, Stephen L. McClure, John L. Ward

   Pages 61-71

10. Implementing Succession

    • Craig E. Aronoff, Stephen L. McClure, John L. Ward

    Pages 73-80

11. Understanding Family Tensions

    • Craig E. Aronoff, Stephen L. McClure, John L. Ward

    Pages 81-83

12. Other Pitfalls

    • Craig E. Aronoff, Stephen L. McClure, John L. Ward

    Pages 85-87

13. Summary

    • Craig E. Aronoff, Stephen L. McClure, John L. Ward

    Pages 89-91

14. Back Matter

    Pages 93-103

    PDF

Helps to prepare for passing the family business on to the next generation. Leaders will learn how to create a succession plan; how to develop opportunities for succession candidates; how to build consensus with the family and leaders on succession plans and finally leaders will learn when and how to let go of their own role in the business.

• business
• family business
• management
• Personal
• planning
• success

'The authors have written a most useful sequel to their first work on Family Succession. They provide us with a wealth of answers to the succession challenge from specific family case histories addressing the powerful issue of how the family business and it's legacies can be continued. Too many families neglect the succession issue until it is too late to preserve the essence of what made the family great.' - Harry Martin (former Head of the Cargil McMillan Family Office), Family Advisors, LLC, Mystic, CT

'Family Business Succession: The Final Test of Greatness is a must read for those serious about succession.' - Marshall Paisner, Chairman, ScrubaDub, Natuck, MA

'Final Test of Greatness is the standard bearer for an excellent series of booklets that provide practical guidance on tough family business issues.' - Ross W. Nager, Sentinel Trust Company, Houston, TX

'While our father was a great journalist and businessman, and a wonderful parent, his transition planning was inadequate. Fortunately for our family and business we used the principles we found in Family Business Succession: The Final Test of Greatness to help guide us as we developed and implemented our succession plan. As a result, we are a healthier and more prosperous family and family business than we ever dreamed possible.' - Betsy McCool, Chairman, Western Communications, Bend, OR

CRAIG E. ARONOFF Co-founder, Principal, and Chairman of the Board of The Family Business Consulting Group, Inc., the founder of the Cox Family Enterprise Center and current Professor Emeritus at Kennesaw State University, USA. He invented and implemented the membership-based, professional-service-provider sponsored Family Business Forum, which has served as a model of family business education for universities world-wide.
 
STEPHEN L. McCLURE Principal at the Family Business Consulting Group, Inc. and specializes in family communications and decision making, succession planning and implementation, and governance & management in family firms.

JOHN L. WARD Co-founder of the Family Business Consulting Group Inc. He is Clinical Professor at the Kellogg School of Management, USA, and teaches strategic management, business leadership and family enterprise continuity.

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