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Management for Professionals

The Two Sides of the Business Family

Governance and Strategy Across Generations

Authors: von Schlippe, Arist, Rüsen, Tom A., Groth, Torsten

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  • 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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eBook 64,19 €
price for Spain (gross)
  • ISBN 978-3-030-60200-0
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 77,99 €
price for Spain (gross)
About this book

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

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)

Table of contents (9 chapters)

Buy this book

eBook 64,19 €
price for Spain (gross)
  • ISBN 978-3-030-60200-0
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 77,99 €
price for Spain (gross)
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Bibliographic Information

Bibliographic Information
Book Title
The Two Sides of the Business Family
Book Subtitle
Governance and Strategy Across Generations
Authors
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
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