Description
Book SynopsisFamilies share how they have maintained and grown their wealth from generation to generation.
While creating wealth is a wonderful achievement, business families are also concerned with how their wealth is used to support their values, the lives of their children and the well-being of the community. Over several generations, families who are successful in growing their wealth have been able to reinvent themselves and their business in the face of significant environmental transformations and internal differences cause by family dynamics. Borrowed from my Grandchildren is a fascinating look at how large, long-lasting business families succeed across generations.
Author Dennis T. Jaffe, one of the leading architects of the field of family enterprise consulting, has interviewed members of successful, well known, 100-year family enterprises from 20 countries, whoserve as role models for those wishing to see their wealth positively impact their c
Table of Contents
Foreword: Rice Paddy to Rice Paddy xv
Preface xxi
Part One The Wisdom of Generative Families 1
Chapter 1 Learning from the Best: Researching Long-Term Family Enterprises 3
Chapter 2 Creating a Great Family: The Virtuous Circle of Family and Business 19
Chapter 3 The Social History of Family Dynasties 35
Part Two The Evolution of the Resilient Family Enterprise 59
Chapter 4 The First Four Generations 61
Chapter 5 Business Resiliency: Common Transformations Along the Path 87
Chapter 6 The Generative Alliance: Building and Sustaining a Values-Based Culture 113
Chapter 7 Corporate Social Responsibility: Changing the World from Local to Global 151
Chapter 8 Owners’ Mindset: Stewardship and the Board of Directors 177
Part Three Inside the Family: Family Governance to Create a Great Family 199
Chapter 9 The Family Tribe: Creating Purposeful Extended Family Community Beyond the Enterprise 201
Chapter 10 Governance: Organizing the Interconnection of Family and Business 215
Chapter 11 The Family Council: Conducting the Work of the Family 237
Chapter 12 The Family Constitution: Governing Document of the Generative Family 259
Part Four The Rising Generation: Sustaining the Future 283
Chapter 13 Releasing the Potential of the Rising Generation: How to Develop Capable Successors 285
Chapter 14 Family as a Cross-Generational Learning Community 309
Chapter 15 Family Philanthropy: Balancing Roots and Wings 333
Chapter 16 Reflections on the Economic and Social Future of Family Enterprise 351
Appendix: Tools for Families (and Advisors) 357
About the Author 361
About the Research Team 365
About Wise Counsel Research Associates 369
Acknowledgments 371
Index 373
