Healthy Growth For The Family Business

Paperback | December 15, 2010

byJennifer M. Pendergast, Jennifer M Pendergast PhD

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Family businesses find many different paths to success. Some, like Wal-Mart become among the world s largest businesses. Others, happily serve a limited market. Whether a business remains small or grows large, every family business at some time or other is faced with issues that center around growth. If you are a member of a business owning family, you may ask such questions as: Do we want this business to grow? Why should we grow it? Is it capable of growing? What sacrifices will growth require? What sacrifices will we make if we don t grow? Healthy Growth for the Family Business will help you answer those questions. When leaders of family firms think about growth, they take into consideration not just the business but also how the business growth will affect the family.

 

You will learn that growth can mean different things to different people, and not just in terms of increases in sales and profits. The way some family business owners look at growth will offer inspiration and spur creativity as you seek answers for your own company. Family shareholders and board members will learn a great deal from this book. When they have a better understanding of the issues involved in growth, these family members can support you in moving the family business in the direction it needs to go. Healthy Growth for the Family Business will provide you with practical knowledge. It will help you decide whether to grow and, if so, what type and amount of growth you want. You will learn to avoid the dangers of overestimating your company s ability to grow or under anticipating the company s need for growth.

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From the Publisher

Family businesses find many different paths to success. Some, like Wal-Mart become among the world s largest businesses. Others, happily serve a limited market. Whether a business remains small or grows large, every family business at some time or other is faced with issues that center around growth. If you are a member of a business o...

Jennifer M. Pendergast is a Senior Consultant of The Family Business Consulting Group, Inc. She specializes in strategic planning, family and business governance, family office structure, and facilitation. Pendergast is an experienced management consultant with an extensive background in the many strategic challenges faced by family f...

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Format:PaperbackDimensions:104 pages, 8.33 × 5.39 × 0.24 inPublished:December 15, 2010Publisher:Palgrave MacmillanLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0230111246

ISBN - 13:9780230111240

Customer Reviews of Healthy Growth For The Family Business

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Extra Content

Table of Contents

I.Introduction: Pathways to Intelligent Growth  * II. Should We Grow or Stay the Same? * III.            The Myths About Family Business Growth  * IV. “How Much Growth Is Right for Our Business?” * V. Where Does Growth Come From? * VI. Roadblocks to Growth * VII. Managing Diverse Expectations * VIII. Are You Ready for Growth? * IX.  Hitting the Wall on Growth * X. The Dynamics Will Change * XI. Summary * Notes * Suggested Additional Readings * The Author * Index 

Editorial Reviews

"As a member of a fourth generation sibling team who face the challenge of defining and planning for "sustainable" growth for our family business, I found Healthy Growth for the Family Business by Dr. Jennifer Pendergast to be particularly relevant and informative.  The materials contained within this book move beyond the basic concepts of growth and provide a more comprehensive view of strategic issues related to growth in a family business.  As our family continues to pursue a growth strategy for our business, we intend to use the many thought provoking questions raised within this book to prompt future discussions about responsible growth."  --Diana C. Pickering, Biltmore Estate, Asheville, NC"Whether growth translates into prosperity across generations lies at the hearth of leadership of the family enterprise.  Having worked with Dr. Pendergast on a variety of strategic assignments, I am well familiar with her impressive analytical abilities and her heart for the unique challenges and opportunities presented by family owned and operated businesses.  Both are evident in Healthy Growth for the Family Business.  Any family member, leader, or professional wrestling with financial, operational, and cultural issues inherent in the question of whether to grow and how to grow, will find great value in her thorough analysis."  --Steven C. Tourek, Senior Vice President/General Counsel, Marvin Windows and Doors, St. Paul, MN"As a non-family executive in a diversified, multi-generational family-owned company, I fully endorse the growth perspective so well articulated by Dr. Pendergast in Healthy Growth for the Family Business.  She has succinctly captured the essence of the growth challenge for the family owned business; its need for proper definition, to be with purpose, and for the consequences to be broadly understood.  I found the book to be easily read, filled with real-world examples, and well-organized.  It will be shared throughout our company as we transition from third generation management and leadership to that of the fourth generation and refine our vision for growth and renew our commitment to healthy growth."  --Barton Weeks, Executive Vice President, Strategic Planning / Real Estate & Land Operations, A. Duda & Sons, Inc., Oviedo, FL