Nurturing the Talent to Nurture the Legacy: Career Development in the Family Business

Paperback | January 11, 2011

byA. Schuman, Amy M Schuman

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Career development is often neglected in family firms, yet it is essential to the continuous process of building leadership capacity for the future.  A well-planned and effective career-development process enables individuals meet the strategic challenges of the future. This guide enables family businesses to shed their "sink or swim" attitudes and foster the development of highly skilled leaders for succeeding generations of success.

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Career development is often neglected in family firms, yet it is essential to the continuous process of building leadership capacity for the future.  A well-planned and effective career-development process enables individuals meet the strategic challenges of the future. This guide enables family businesses to shed their "sink or swim" ...

Amy M. Schuman is a Principal Consultant of the Family Business Consulting Group, Inc. and works with family businesses on leadership development, communication skills and team building. Amy was the founding facilitator of the Next Generation Leadership Institute, an intensive, two-year program for next generation family business lead...

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Format:PaperbackDimensions:108 pages, 9.25 × 6.1 × 0.01 inPublished:January 11, 2011Publisher:Palgrave Macmillan USLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0230111130

ISBN - 13:9780230111134

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Table of Contents

I. Introduction: Ensuring Your Company's Future * II. Unique Considerations for Family Enterprises * III. Win-Win Career Development * IV. Catch Them While They're Young * V. Creating a Career-Development Process * VI. Maximizing Talent in a Family Business * VII. Who's Responsible for What? * VIII. Translating Career Development into Promotion Decisions * IX. Family Leaders Need Development Too * X. Where Families Falter * XI. Summary * Resources * Suggested Readings * Notes * Index

Editorial Reviews

"Nurturing the Talent to Nurture the Legacy takes family business owners from the typical "sink or swim" attitude to a win-win situation of individual growth resulting in a talented management pool for the business.  Learn the difference between performance appraisals and the career development process, as well as why they should be kept separate.  Amy Shuman discusses the importance of a clear, fair process in family business management selections.  This book is an invaluable aid in avoiding the pitfalls of career development avoidance.  A must-read for any family with "up and coming" family members!"  —Gigi Cohen, Executive Vice President, Magid Glove & Safety Mfg. Co., LLC "Charting one's course in the family business is not an easy task.  Emotions, sense of responsibilities, and family rivalries often bring about tensions that are difficult to deal with.  Nurturing the Talent to Nurture the Legacy provides an excellent structure through which to manage both family and non-family career paths.  Implementing structures such as these, gives a family the capacity to manage these tensions in a proactive rather than a reactive manner."  —Andrew D. Keyt, Executive Director, Loyola University Chicago Family Business Center