ENGLISH

Unconventional Wisdom: CounterintuitiveInsightsfor Family Business Success

By Prof John L Ward

Book information

Publisher
Wiley
Year
2005
ISBN
0470021659, 9780470021651, 9780470021668
Open Library ID
OL24247855M
Language
english
Format
PDF
Filesize
11 MB (11573680 bytes)
Series
IMD Executive Development Series
Pages
274\276
Topic
Business
Time added
2011-04-28 18:43:47

Description

Family businesses prosper by pursuing unconventional strategies. Because they are values-driven and think very long-term, they take approaches not popular with current management fashion or most companies. That is the key to their competitive advantage. However, family businesses must find ways to simultaneously serve business needs and family goals, which require very different priorities and principles. As a result, they must think paradoxically, and find insights that single-purpose enterprises need not contemplate. They must dare to be different.Family business requires a different governance system, but it must nevertheless be one that can be controlled. Building on insights from the world???s premier family business executive education course, this book offers the Unconventional Wisdom needed to leverage the strategic and cultural uniqueness of a family business for enduring success.

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