Synopses & Reviews
Hiring and working with non-family managers can present challenges to the family business. Developing trusting relationships with people from outside the family and sharing secretive information are some of the difficulties expanding companies can face. However, it is essential to create an environment in which non-family managers can succeed for the good of the business and the good of the family. This book explores the processes of hiring, managing, and retaining talented outside executives.
Review
"Having recently gone through the process of identifying, hiring, and orienting non-family executives for our family business, I found the concepts and strategies in More Than Family to be extremely relevant and helpful. The process of bringing a non-family executive into a family business requires much forethought and planning. This book serves as a very informative resources guide for the issues associated with this process." —Rick Fogelman, CEO, Fogelman Properties, Memphis, TN
"John Ward and Craig Aronoff nailed it! Assisting family-owned businesses in identifying, attracting and retaining key non-family executives is what we do on a daily basis around the world. In More Than Family: John and Craig have captured the crucial elements of this process. Congratulations." —John R. Berry, Chicago, IL
Synopsis
The inside information to utilizing the most qualified management talent from outside the family to enhance the success and performance of the family business
About the Author
Craig E. Aronoff is Co-founder, Principal, and Chairman of the Board, of The Family Business Consulting Group, Inc. He is a leading consultant, speaker, writer, and educator in the family business field. Aronoff is perhaps the most prolific writer in the family business field. As the founder of the Cox Family Enterprise Center and current Professor Emeritus at Kennesaw State University in Marietta, GA, Aronoff invented and implemented the membership-based, professional-service-provider sponsored Family Business Forum, which has served as a model of family business education universities world-wide. He has held the Dinos Eminent Scholar Distinguished Chair of Private Enterprise and was a professor of management in Kennesaw State's Coles College of Business. The Aronoff Professorship of Family Business at Kennesaw State University was named in his honor.
John L. Ward is Co-founder of the Family Business Consulting Group Inc. He is Clinical Professor at the Kellogg School of Management and teaches strategic management, business leadership and family enterprise continuity. Ward is the author or co-author of several leading texts on family business, Keeping the Family Business Healthy, Creating Effective Boards for Private Enterprises, Strategic Planning for the Family Business, Perpetuating the Family Business, Unconventional Wisdom and Family Business Key Issues. He is also an author of a collection known as The Family Business Leadership Series, each focusing on specific issues family businesses face.
Table of Contents
I. Introduction: A Fruitful Collaboration * II. A Delicate Relationship: Family Business Owners and Non-Family Executives * III. Striking the Right Match * IV. Making Non-Family Executives a Part of Your Team * V. Managing the Transition to the Next Generation * VI. The Non-Family CEO * VII. Just Rewards: Compensation and Incentives for Non-Family Executives * VIII. An Open Letter to the Non-Family Executive * IX. Summary * Index