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"Family business requires a different governance system, but one that can nonetheless be controlled. Building on insights from the world's premier family business executive education course, this book offers the Unconventional Wisdom needed to leverage the strategic and cultural uniqueness of a family business for enduring success."--Jacket.
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Previews available in: English
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1
Unconventional Wisdom
2006, John Wiley & Sons, Ltd.
Electronic resource
in English
0470021667 9780470021668
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2
Unconventional Wisdom: Counterintuitive Insights for Family Business Success (IMD Executive Development Series)
July 29, 2005, Wiley
in English
0470021659 9780470021651
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Book Details
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"IMD - International Institute for Management Development - has been the global meeting place for families in business since 1988."
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Family businesses prosper by pursuing unconventional strategies. Because they are values-driven and think very long-term, they take approaches not popular with current management fashion or most companies. That is the key to their competitive advantage. However, family businesses must find ways to simultaneously serve business needs and family goals, which require very different priorities and principles. As a result, they must think paradoxically, and find insights that single-purpose enterprises need not contemplate. They must dare to be different. Family business requires a different governance system, but it must nevertheless be one that can be controlled. Building on insights from the world??'s premier family business executive education course, this book offers the Unconventional Wisdom needed to leverage the strategic and cultural uniqueness of a family business for enduring success.
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