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Sustaining Family Enterprise

Meeting the Challenges of Continuity, Control and Competitiveness

Consultant editor Richard L. Narva
Format: Hardback
Publisher: Globe Law and Business, London, United Kingdom
Published: 30th Dec 2016
Dimensions: w 158mm h 244mm d 19mm
Weight: 544g
ISBN-10: 1911078143
ISBN-13: 9781911078142
Barcode No: 9781911078142
Synopsis
Most people have a straightforward vision of the perfect family business. First, they hope for continued strengthening of the company's financial and market position so it can support the lifestyle and needs of family members, from generation to generation. Secondly, they wish for family harmony. But life gets in the way. Sometimes family members' short-term or individual needs can overwhelm the needs of the business. In other cases, family members strongly disagree on the strategic direction, or even on the day-to-day management of the business. These family conflicts, when acted out on the stage of the family controlled enterprise, can seem insurmountable. This new book is a follow up companion guide to Family Enterprises: How to Build Growth, Family Control and Family Harmony. The first volume features chapters written and edited by experts from many disciplines and located across the globe to provide the architecture for enduring, continuing family controlled enterprises. This second volume is intended to provide sustenance to those stakeholders committed to the core objectives presented in the title to the first book.It addresses ongoing issues facing both family shareholder control groups and the enterprises they control that surface in ongoing, mature, successful endeavours. The audience for this book is the owners, directors, managers of, and advisers to, family-controlled enterprises and the families that control them. It assumes that such enterprises have been launched - or at least renewed - as expressly family controlled businesses, or other enterprises

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Mar 10th 2017, 14:35
WORKING IN THE AGE OF THE FAMILY BUSINESS:
Awesome - 10 out of 10
WORKING IN THE AGE OF THE FAMILY BUSINESS:
A DEFINITIVE WORK FROM GLOBE LAW

An appreciation by Phillip Taylor MBE and Elizabeth Taylor of Richmond Green Chambers

It is probably reasonable to deduce that most citizens have “a straightforward vision of the perfect family business”. It would be, to begin with, the hope for a continued strengthening of the company's financial and market position in order to support both the lifestyle and needs of family members down the generations.

A second reason would be to see the maintenance of family harmony. Sadly though, life can get in the way. And in some cases, family members' short-term or individual needs can overwhelm the needs of the business thus destroying any possibility of sustainability.

And for legal advisers it can be the case that family members may strongly disagree on the strategic direction, or even on the day-to-day management of the business often causing internal friction and clashes of personality. Such family conflicts where they take place within the boardroom of a family controlled enterprise, can seem “insurmountable” apart from the family strife caused which may only seem to happen in fictional melodramas.

So, we welcome this new book on “Sustaining Family Enterprise”, edited by Richard L Narva, which appears as the companion guide to “Family Enterprises: How to Build Growth, Family Control and Family Harmony”, and an excellent successor it is, too!

Narva’s original title offers us chapters written and edited by experts from many disciplines and located across the world providing us with “the architecture for enduring, continuing family controlled enterprises”. It follows very much in the tradition and house style of these high-class books published by Globe Law and Business.

The author’s mission in the follow up second volume is to “provide sustenance to those stakeholders committed to the core objectives presented in the title to the first book” and it does just that in the well-established explanations which the publishers are so good at producing for the legal world.

The beauty of the book is that it addresses successive issues facing family shareholder control groups and the enterprises they control which often surface “in ongoing, mature, successful endeavours”. The audience for this book then are the owners, directors, managers of, and advisers to, family-controlled enterprises and the families that control them.

Narva works on the assumption that such enterprises have been launched - or at least renewed - as expressly family controlled businesses, or other enterprises which provide an important part of the country’s economy. We believe “Sustaining Family Enterprise” is a definitive work in this special field and an absolute “must” for all involved in family enterprise.

The publication date is stated as 2016.