More Than Family : Non-Family Executives in the Family Business

by Ward, John L.; Aronoff, Craig E.

• ISBN13: 9780230111110
• ISBN10: 0230111114
• Edition: Reprint
• Format: Paperback
• Copyright: 2010-12-15
• Publisher: Palgrave Macmillan

Summary

Hiring and working with non-family managers can present challenges to the family business. Developing trusting relationships with people from outside the family and sharing secretive information are some of the difficulties expanding companies can face. However, it is essential to create an environment in which non-family managers can succeed for the good of the business and the good of the family. This book explores the processes of hiring, managing, and retaining talented outside executives.

Author Biography

Craig E. Aronoff is Co-founder, Principal Consultant, and Chairman of the Board of the Family Business Consulting Group, Inc., the founder of the Cox Family Enterprise Center, and current Professor Emeritus at Kennesaw State University. He invented and implemented the membership-based, professional-service-provider sponsored Family Business Forum, which has served as a model of family business education for universities world-wide. John L. Ward is Co-founder of the Family Business Consulting Group, Inc. He is Clinical Professor at the Kellogg School of Management and teaches strategic management, business leadership, and family enterprise continuity.

Table of Contents

Exhibits	p. vii
Introduction: A Fruitful Collaboration	p. 1
A Delicate Relationship: Family Business Owners and Non-family Executives	p. 5
Striking the Right Match	p. 13
Making Non-family Executives a Part of Your Team	p. 25
Managing the Transition to the Next Generation	p. 39
The Non-family CEO	p. 51
Just Rewards: Compensation and Incentives for Non-family Executives	p. 57
An Open Letter to the Non-family Executive	p. 71
Summary	p. 81
Index	p. 85
The Authors	p. 93
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