While family businesses have existed for millennia all over the world, it is only in the past few decades that professional consultants have been utilized to help them function more effectively. This engaging, up to the minute volume explores the varied and complex world of family enterprises as they now exist in the third decade of the 21st century.
Attention is given to the factors unique to family businesses in their attention to perpetuating family values, traditions, loyalties and their legacy to future generations. Consultants may be drawn from law, finance and accounting, organizational psychology, or family psychology (with its special emphasis on understanding the family relationship system).
The book describes methods of assessment and how to effectively communicate the results as well as techniques of consulting and provides an invaluable description of what is necessary to be and become a family business consultant.
Readers will benefit from explorations of
- A new model featuring 8 inter-related business domains
- Cybersecurity issues and how to handle them
- Working collaboratively with financial and legal professionals
- Comprehensive coverage of research based assessment instruments
Given that over 85% of the businesses in the world, from small to multinational in size and scope are family businesses, the enormous amount of information conveyed in this volume can be extremely valuable to professional consultants and those in the C Suite (CEO''s, CFO''s, COO''s) in helping businesses operate at maximum efficiency, productivity, profitability and satisfaction to all involved.
"Throughout this well organized and well written book, the authors raise the pivotal questions that form the basis for becoming and being an exceptional family business consultantPsychologists can learn to transform family business conundrums into healthy interactions between the family members of the enterprise before, during, and after transitions of the company. The various aspects of serving as a consultant are fleshed out in the carefully-researched chapters.
Case studies show the patterns of behavior that can lead to continuing multigenerational successes or hard dissolutions. Their new model entitled "The Dynamic Interactive Multifactorial Family Enterprise Ecosystem Model" constitutes a major contribution to the field. The best part of the book remains its celebration of the importance and richness of family businesses across generations that will inspire any reader."
GAndrew H. Benjamin, JD, PhD, ABPP
Past President, American Academy of Couple & Family Psychology
Past President, American Board (ABPP) of Couple & Family Psychology
Clinical Professor of Psychology & Affiliate Professor of Law, University of Washington
