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Family business is defective! Most of the non-managing owners are only waiting for the money. From
generations to generations. Owner succession planning by the standard wisdom
sounds unappealing! No family business is conflict-free! Conflict is widespread
when owners, directors, managers, family—have different needs, perspectives,
and priorities. So, how can the future owners deal with conflict and become
engaged in business decision making that sustains and builds the capital that
has been created?
In reality the sleeping owners are also an
asset, not a burden. They bring a different, but critical, viewpoint. They may have
abilities and perspective that can help shape the vision and strategic way of
the business. They are concerned about what’s the best decision for the family
and the core capital. For a business-owning family, there is so much more at
stake than money. Succession often triggers a radical change in family
enterprise, and if not carefully managed, can turn a business in the wrong
direction.
Engaged
Ownership: A Guide for Owners of Family Businesses, an outstanding new
book written by Amelia Renkert -Thomas jointly founded Withers Consulting
Group, an award winning international family-business consultancy is presented for
family business owners and their advisors for building engagement among all owners,
managing and non-managing. Engaged Ownership offers owners as well as their successors
a new way to approach ownership of the family business. It gives you hands-on
tools for growing core capital, including how to manage the transfer from
controlling owner to shared ownership with minimized risk, while inspiring a
sense of teamwork to sustain success for future generations. Amelia displays
how to build a dynamic and effective partnership with trustees, board, and
management, and become a successful steward of the family's financial, human,
social, and operational capital
The process and challenges of achieving engaged
ownership are illustrated throughout the book by the story of four children who
are the third-generation owners of a family-owned business following the
unexpected death of their father. The characters are entirely fictitious, but
their story is put together from those of many family businesses, and it
demonstrates how managing and non-managing owners can come together to make
decisions about the future of the business and core capital. If you are an
owner or member owner, business advisor, either managing or non-managing of a
family business, this book is a
must read!!!
Amelia the Book Writer
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