Harvard Business Review family business handbook : how to build and sustain a successful, enduring enterprise / Josh Baron, Rob Lachenauer.

Includes bibliographies and index.

Part One. Cracking the code of your family business: Decode your family business -- The power of family ownership -- Part Two. The five rights of family owners: Design -- choose the type of family business you want -- Decide: structure governance to make great decisions together -- Value: create an owner strategy to define your success -- Inform: use effective communication to build trusted relationships -- Transfer: plan for the transition to the next generation -- Part Three. Challenges you will face: The business family -- four disruptions you will face and what to do about them -- Working in a family business -- Family employment policy -- How to be responsible with the wealth of your family business -- Conflict in the family business -- The family office in a family business The dangers of losing what you've built -- Conclusion: the good journey, together.

"The one book you need to navigate the complex decisions and critical relationships necessary to create and sustain a healthy family business--and business family. Though "family business" may sound like it refers only to mom-and-pop shops, businesses owned by families are among the most significant and numerous in the world. But surprisingly few resources exist to help navigate the unique challenges you face when you share the executive suite, tax returns, and holidays. How do you make the right decisions, critical to the long-term survival of any business, with the added challenge of having to do so within the context of a family? This comprehensive handbook brings you sophisticated guidance and practical advice from family business experts Josh Baron and Rob Lachenauer. Based on their decades-long experience working closely with a wide range of family businesses around the world, the authors present proven methods and approaches. In the HBR Family Business Handbook you'll find: A new perspective on what makes family businesses succeed and fail A framework to help you address the myriad decisions facing your family business--including how to make good decisions together Step-by-step guidance to help you understand what type of family business you own, define success on your own terms, communicate effectively, manage conflict, prepare for changes within your business family, and transition to the next generation Key questions about wealth, unique to family businesses, that you can't afford not to ask yourself--and your family Exercises and assessments to help you determine where you are--and where you want to go Stories of real families and real companies, from Radio Flyer to Sierra Nevada Brewing Company The HBR Family Business Handbook addresses these issues and more. Keep this guide with you to help you build, grow, and sustain your family business--and your business family--for years, and generations, to come."--

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