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Family Business SuccessionThe Critical Role of Organizational Culture in Continuity

Family Business Succession: The Critical Role of Organizational Culture in Continuity [This book presents what we believe to be the critical elements of successful continuity. We encourage families to identify and live by their values, which drive the development of an idealized vision for their future together. We advocate strong business and family governance that will facilitate decision-making as well as provide opportunities for effective communication, education, and a sense of connection with one another. Each of these is a necessary component of continuity planning. Yet by themselves, they are not sufficient to ensure continuity. Without a shared understanding of how you as a family will interact with each other and those around you, continuity is threatened. Values play an important role in defining that, but the culture of your family and business is often the driving force for the preservation of your enterprise and the enhancement of human and social capital. In this chapter we will define culture and describe the role that business and family cultures play in supporting continuity.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Family Business SuccessionThe Critical Role of Organizational Culture in Continuity

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References (2)

Publisher
Palgrave Macmillan US
Copyright
© Palgrave Macmillan, a division of Nature America Inc. 2014
ISBN
978-1-137-28089-3
Pages
153 –175
DOI
10.1057/9781137280923_7
Publisher site
See Chapter on Publisher Site

Abstract

[This book presents what we believe to be the critical elements of successful continuity. We encourage families to identify and live by their values, which drive the development of an idealized vision for their future together. We advocate strong business and family governance that will facilitate decision-making as well as provide opportunities for effective communication, education, and a sense of connection with one another. Each of these is a necessary component of continuity planning. Yet by themselves, they are not sufficient to ensure continuity. Without a shared understanding of how you as a family will interact with each other and those around you, continuity is threatened. Values play an important role in defining that, but the culture of your family and business is often the driving force for the preservation of your enterprise and the enhancement of human and social capital. In this chapter we will define culture and describe the role that business and family cultures play in supporting continuity.]

Published: May 17, 2017

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