The Family Business Succession Handbook
The original
Family Business Succession Handbook
, published in 1997, was so successful that every copy was sold. This completely revised edition, featuring up-to-the-minute content, serves as a critical guide to the many issues that arise when a family-owned firm looks to transfer leadership to the next generation. This all-new handbook includes advice from leading family business researchers and consultants as well as real-life family business leaders.
“
The Family Business Succession Handbook
is an indispensable resource for family business owners. The information explores all aspects of the succession process — from initial planning through installing a well-prepared leader in the role of family business owner—as well as the many issues such a transition generates among all family members. The real-world experiences included in the profiles are invaluable.”
—Dick Emens, Executive Director, Conway Family Business Center of Central Ohio
“The topics in
The Family Business Succession Handbook
cover a wide range of issues for many stages of corporate development. The handbook format is extremely user-friendly, as it is very easy for readers to find the situations they are interested in.”
—Larry Colin, Principal, Faminomic$ LLC, Alpharetta, GA; co-author of
Family, Inc.
and advisory board member, Stetson University Family Enterprise Center
1. Planning for the transition
- The jigsaw puzzle of succession planning – Mike Cohn
- Succession is one key to strategic renewal – Ellen Frankenberg
- The family dramas of succession and inheritance – Dennis T. Jaffe
- How to prepare your family for the succession process – Jane Hilburt-Davis
- Education is key to succession preparedness – Ivan Lansberg
- Succession logistics are not the main focus – Andrew Keyt
- Financial implications for family business transition – Norbert E. Schwarz
- Avoid the pitfalls of trust planning – Domingo P. Such III and Ryan M. Harding
- Non-financial challenges for successors and stakeholders – Joe Paul and Sam Lane
- Facing reality prevents nightmare scenarios – Henry C. Krasnow and Kay Vogt
- Leadership development and succession execution – Fred G. Steingraber
- Creating a plan for succession in the event of an emergency – Keith L. Alm
2. Choosing the successor
- Making the right choice for a family successor – Dennis T. Jaffe
- Don’t pin all your hopes on one family successor – Barry S. Cain
- Profile: Deciding for themselves – Margaret Steen
- Family business daughters’ leadership potential – Sharon Nelton
- Can a non-family successor add value to your business? – James Olan Hutcheson
- Profile: My son-in-law, the successor – Larry Hollar
- What if the successor isn’t working out? – Jane Hilburt-Davis
3. Learning to lead
- The secrets of successful family business successors – Dean Fowler
- Don’t take the easy way out – James Olan Hutcheson
- Family enterprise leaders need extra social skills – Fredda Herz Brown and Fran Lotery
- Making the leap from doer to leader – Ivan Lansberg
- Success without outside experience – Stan Luxenberg
- Seniors and successors working together – Sharon Nelton
- Profile: Finding my own path – David Weiss
4. Stepping up
- Negotiating a rise to the top – Debbie Bing
- Selling the business to the successors – Stan Luxenberg
- Seniors: Proceed cautiously when advising successors – James E. Barrett
- When the successors don’t take charge – Aldonna R. Ambler
- Managing the relationship with shareholders – Ivan Lansberg
- Profile: Breaking the mold – Kristi P. Wetherington
- Profile: Succession surprises – Sandra Westlund-Deenihan
- Profile: Amid tragedy, reconstructing records – Kathryn Levy Feldman
- Profile: Keeping the company on the right track – Julie Copeland
- Profile: The gift of good-bye – Lynda Barness
5. Working as partners
- Sibling partnerships involve insight and foresight – Ellen Frankenberg
- Profile: Siblings carry on the Vanderbilt legacy – Jonathan Poston
- Shared power: Look out for landmines – James E. Barrett
- Blood is not enough – Joe Paul
- Cousin collaborations require a change in board design – John L. Ward
- The challenges of a large shareholder group – David Klett and Ralph Wiechers
- Keeping titles in their proper perspective – Ivan Lansberg
- Leading the family – Sharon Nelton
Resources
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