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Books
Books
Wise Wealth
Creating It, Managing It, Preserving It
Joachim Schwass
Håkan Hillerström
Holger Kück
Colleen Lief
Palgrave Macmillan, 2011
176 pages
ISBN 978-0-230-29005-1
Abstract
Creating wealth is difficult. So is managing wealth effectively. Losing wealth is the easiest part. It takes an enlightened approach to understand the future issues and to prepare and plan for the benefit of the next generations.
Wise Wealth provides the reader with broad and deep insights into relevant aspects of private wealth and, most importantly, its continuity. It uses pragmatic frameworks and proven concepts from advanced family business research and contains significant new work on the growing field of family offices.
The four authors combine their personal, academic and professional experiences to enable the reader to learn from the most common mistakes and from the most successful entrepreneurs, family businesses and family offices.
This book will be of interest to entrepreneurs and family businesses as well as to a wider audience of individuals with private wealth and the large number of service providers that act on their behalf such as bankers, lawyers, consultants and educators.
How to purchase this book
All books are available at IMD's Information Center and on Amazon.
Wise Growth Strategies in Leading Family Businesses
Joachim Schwass
Palgrave Macmillan, 2005
Abstract
Family businesses are the most complex form of business organization. The linkage of often emotionally driven family ownership with rational business needs creates a fertile ground for conflicts on multiple levels. Particularly at times of generational shifts, uncertainties about the interest and the leadership competence of next generation family members make the business vulnerable. How have the best multigenerational and successful family businesses handled these difficult challenges again and again over generations? Are there lessons to be learned for all family businesses?
This book is based on a nine-year research study of a unique group of family business throughout the world. They are award-winning family businesses ranging from the third to the seventh generation who have successfully mastered the complexities and contradictions each family business faces. They have achieved this through an in-depth understanding of the real needs of family, ownership, business and the individual, and by searching for a strategy that most effectively addresses these needs both sequentially and simultaneously. This book provides new, practical and relevant guidelines for all family businesses.
How to purchase this book
All books are available at IMD's Information Center and on Amazon
Unconventional Wisdom: counterintuitive insights for family business success
John Ward
Abstract
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 worlds 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.
How to purchase this book
All books are available at IMD's Information Center and on Amazon.
