Family Business Strategic Plan

Author: Carol S. Kauffman (USA)
Publisher:
Publish Date: 2002-06-01
Features: "Family Business Strategic Planning" is a book rich in ideas and profound insights. It showcases the kaleidoscope of driving forces that propel family businesses forward. The parallel planning process concept by Professor Kauffman and Ward is highly innovative and significantly effective in diagnosing and engaging in complex organizational activities. If we were to have a family business on a deserted island (I admit this idea is highly unrealistic), and all those affected by the interests were to ask me to do my best, while I could only turn to one book for help, this book would be my first choice. Traditional family business planning has always revolved around two core issues—asset planning and succession. For today's family businesses, these goals are too limited. Family businesses not only hope to use the enterprise as a profit-making tool but also hope it is a tool for self-expression, innovation, and creating family wealth. The author introduces the new concept of the parallel planning process, explaining how to integrate the needs and expectations of both the family and the business to build an organic business unit. This new family business model explores how the commitment of the family and the strategic potential of the business influence family investment decisions. The book includes several planning and decision templates and conducts comprehensive research on some famous family businesses, making it an invaluable work on family business strategy.