Publisher's Synopsis
Creating Wealth the Family Way: How a Family Business Can Outperform Its Competition is focused on guiding family businesses through the complexities of wealth creation and maintenance across generations. The book provides a detailed roadmap for establishing a stewardship culture focused on long-term success and outlines the systematic steps necessary for building wealth through a family business.
The book explores the creation of a sturdy culture and essential resources within a family business, including trust, empowerment, effective communication, conflict management, and change management, which are prerequisites for installing effective governance. Furthermore, it tackles the delicate topics of ownership and leadership succession, recognizing these as pivotal moments in the life cycle of a family-owned enterprise.
Creating Wealth the Family Way is ideal for courses in family business management, estate planning, and business succession at both undergraduate and graduate levels. Readers are encouraged to learn from the text to produce a coherent strategy for enduring familial wealth creation.
