Introduction: Strategies for Longevity in Family Firms -- Some Myths about Family Firms -- Unique Characteristics of Family Firms -- Analyzing Family Firms: Tools and Contents -- Successful Family Firms -- Competitive Strategies in Family Firms -- Diversifying the Family Estate -- Financial Strategies -- Organizational Strategies -- Institutional Strategies -- The Process of Generational Change -- Transition Processes and 'Third Parties'
Summary
Strategies for Longevity in Family Firms provides an overview of the strategic challenges faced by family firms within a European setting, and of the most effective managerial approaches to confront them. The authors use their own wealth of experience to suggest how family business strategies can be rigorously analyzed and successfully designed and implemented. This volume uses lively examples drawn from real cases to illustrate all key decisions addressed by family firms. These range from choices in competitive and corporate strategy, financial, organizational and governance structure, generational succession and change processes
