The Two Sides of the Business Family
Governance and Strategy Across Generations
Authors: von Schlippe, Arist, Rüsen, Tom A., Groth, Torsten
Free Preview- Investigates the largest and long-lasting German family businesses for core success factors
- Provides best practice examples demonstrating a stable connection between family and company across generations
- Highlights the importance and role of complexity in deciding the usefulness of solutions
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- About this book
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This book focuses on a central success factor for family businesses: maintaining the decision-making ability over generations while not jeopardizing the business due to family conflict, inefficient governance structures, or lack of identification. The authors identify that this is not as easy as the endeavor to bring two social systems together with contradicting logic (family and business) leads to many dangerous pitfalls. This book presents outcomes of a unique research project in which family managers of eleven of the oldest and largest German family businesses, at least the fourth generation, met for more than three years on a regular basis and presented the essence of their family governance structures to each other and to the authors. It was a joint “learning journey” that admits identifying twelve core questions that these families had been answering to keep up the relationship between family and business successfully over generations. Obviously, there is no “right” answer to these questions. The key to success is rather engaging the families in a process to find out their own answers and make them aware of the “two sides”: being a family is different from being a business family.
- About the authors
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Arist von Schlippe is a Professor and heads the Endowment Chair of Leadership and Dynamics in Family Businesses, 'Witten Institute for Family Business' (WIFU) at the Witten/Herdecke University, Germany. He is one of the leading family psychologists in Germany, and his research spans across the fields of family governance, succession; the role of stories and value transmission in business families; transgenerational entrepreneurship, negotiation and conflict resolution; parental coaching in non-violent resistance.
Torsten Groth is a Senior research fellow at the Witten Institute for Family Business (WIFU) at the Witten/Herdecke University, Germany. He is specialized in leadership and organization and serves as one of the leading systemic coaches for family businesses and organizations.
Tom A. Rüsen is a Professor and the Managing Director of the Witten Institute for Family Business (WIFU), and an Honorary Professor at the Witten/Herdecke University, Germany. He is one of the leading speakers on family business topics in Germany and serves as a consultant to business families. His research focuses on conflict and crisis management in family businesses, mental models, and family strategy development in business families, family governance and professional ownership development.
- Table of contents (9 chapters)
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Family Strategy over Generations
Pages 3-27
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Riding a Ghost Train: “What Happens If ‘Nothing’ Happens?”
Pages 31-49
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Family and Business: The “Impossible Endeavour”
Pages 53-72
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Family and Business Family at the Same Time: The Duplicated Family
Pages 73-87
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Appointment Decisions: A Sense of Belonging and Drawing Limits
Pages 91-132
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Table of contents (9 chapters)
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Bibliographic Information
- Bibliographic Information
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- Book Title
- The Two Sides of the Business Family
- Book Subtitle
- Governance and Strategy Across Generations
- Authors
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- Arist von Schlippe
- Tom A. Rüsen
- Torsten Groth
- Series Title
- Management for Professionals
- Copyright
- 2021
- Publisher
- Springer International Publishing
- Copyright Holder
- Vandenhoeck & Ruprecht GmbH & Co. KG
- eBook ISBN
- 978-3-030-60200-0
- DOI
- 10.1007/978-3-030-60200-0
- Hardcover ISBN
- 978-3-030-60199-7
- Series ISSN
- 2192-8096
- Edition Number
- 1
- Number of Pages
- XXIV, 246
- Number of Illustrations
- 22 b/w illustrations
- Additional Information
- Translated from German-language edition: Die beiden Seiten der Unternehmerfamilie, by Arist von Schlippe, Torsten Groth, Tom A. Rüsen Copyright © Vandenhoeck & Ruprecht GmbH & Co. KG, 2017 All Rights Reserved
- Topics
