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Family business dynamics
The complete idiot's guide to a successful family business
by Neil Raphel and Janis Raye ; in collaboration with The Family Firm Institute, Inc.
New York : Alpha, c2009.
It's all in the family Family businesses are the backbone of any economy, but they can present a host of challenges that can affect their chances of success. The Complete Idiot's Guide(r) to a Successful Family Businessis the most current and comprehensive book that tells the proprietors of family concerns how to deal with such unique issues, including expansion beyond the original family business, and family versus hired management. *80 percent of all businesses in America are family-run *Written by a nationally known author team *Instructive anecdotes about successful businesses provide practical, hands on Advice
     
Hired@home : the Christian mother's guide to working at home
Sarah Hamaker.
Los Angeles : DPL Press, c2008.
Today it's easier than ever for women to work from home. And author and work-at-home mom Sarah Hamaker is ready to help Christian women in all stages of life discover the opportunities and juggle the responsibilities of at-home work.
     
Family, Inc. : how to manage parents, siblings, spouses, children, and in-laws in the family business
by Larry and Laura Colin.
Franklin Lakes, NJ : Career Press, c2008.
Family, Inc. is a witty, engaging blueprint for maintaining peace within the family and the business. The authors use real-life characters to provide uncommon insights with commonsense solutions. After all, they know that firing Uncle Bill is more difficult than firing just any Bill. You'll meet: Dad the Decider: Can he run a successful business and keep the family happy? Mom the CFO (Chief Family Officer): Can she keep the business from destroying her family? The Hard-Charging Son: How can he get Dad to move aside without damaging their relationship? The Sibling Rivals: Will they ever cooperate when each believes Dad loves the other one best? Mr. #38; Mrs. Inc.: How can they juggle business, marriage, sex, and the kids? Book jacket.
     
Third ways : how Bulgarian greens, Swedish housewives, and beer-swilling Englishmen created family-centered economies-- and why they disappeared
Allan C. Carlson.
Wilmington, Del. : ISI Books, c2007
"Freewheeling capitalism or collectivist communism: when it came to political-economic systems, did the twentieth century present any other choice? Does our century? In Third Ways, social historian Allan Carlson tells the story of how different thinkers from Bulgaria to Great Britain created economic systems during the twentieth century that were by intent neither capitalist nor communist. Unlike fascists, these seekers were committed to democracy and pluralism. Unlike liberal capitalists, they refused to treat human labor and relationships as commodities like any other. And unlike communists, they strongly defended private property and the dignity of persons and families. Instead, the builders of these alternative economic systems wanted to protect and renew the "natural" communities of family, village, neighborhood, and parish. They treasured rural culture and family farming and defended traditional sex roles and vital home economies." "Carlson's book takes a fresh look at distributism, the controversial economic project of Hilaire Belloc and G. K. Chesterton which focused on broad property ownership and small-scale production; recovers the forgotten thought of Alexander Chayanov, a Russian economist who put forth a theory of "the natural family economy"; discusses the remarkable "third way" policies of peasant-led governments in post-World War I Bulgaria, Poland, and Romania; recounts the dramatic and largely unknown effort by Swedish housewives to defend their homes against radical feminism; relates the iconoclastic ideas of economic historian Karl Polanyi, including his concepts of "the economy without markets" and "the great transformation"; and praises the efforts by European Christian Democrats to build a moral economy on the concept of homo religious - "religious man."" "Finally, Carlson's work explains why these efforts - at times rich in hope and prospects ultimately failed, often with tragic results. The tale inspires wistful regret over lost opportunities that, if seized, might have spared tens of millions of lives and forestalled or avoided the blights of fascism, Stalinism, socialism, and the advent of the servile state. And yet the book closes with hope, enunciating a set of principles that could be used today for invigorating a "family way" economy compatible with an authentic, healthy, and humane culture of enterprise."--BOOK JACKET.
     
The Entrepreneurial mom : managing for success in your home and your business
Mary E. Davis.
Nashville, Tenn. : Cumberland House Pub., c2007.
Are you struggling with whether to start a family or pursue your dream of starting your own business? Are you already a mother but feel the need to explore another side of yourself? Are you tired of working for someone else, with little control over your own future and earnings? Does your family need additional income, but you don't want a nine-to-five job that keeps you from being available to your children? In this helpful book, Mary E. Davis addresses these scenarios and more. After experiencing firsthand the ups and downs of being an entrepreneur while raising her own children, she presents an honest picture of her own experiences and what she has learned about balancing her life as a mother and a business owner. Forthright and sometimes humorous, the book tells what it's really like to be your own boss while being a mother in today's fast-paced world. The Entrepreneurial Mom is a road map of how to set up and manage a business while also nurturing one's family. Book jacket.
     
The house of Mondavi : the rise and fall of an American wine dynasty
Julia Flynn Siler.
New York : Gotham Books, c2007.
In early January 2004, Wall Street's demands were about to collide with the Mondavi family's dynastic dreams. Michael Mondavi, a son of the famous vintner Robert Mondavi, got a morning phone call from his younger brother Timothy. Heads up, his sibling warned him. You're about to get your ass handed to you in a sling.
     

An estimated 50%-89% of U.S. businesses are family-owned. Some are of the Mom-and-Pop variety. Others are multi-million dollar companies. Each has its own story to tell; each one full of unforgetable personal accounts and business case studies.

For a family-owned business the switch in leadership is crucial. Is the next generation ready to assume leadership and keep the company expanding? Will the current generation relinquish its power? For many years IBM's Thomas Watson Sr. and his son Thomas Watson Jr. faced these questions. The two battled over business decisions and power-sharing. Watson Jr. was not allowed to take over IBM leadership until Watson Sr. retired at the age of 82.

Family businesses are characterized by these three qualities. Not all need to be present, but often are:

Single family controls ownership

Family is active in company management

Family has been involved for at least two generations.

(from Wayne Messick)

Often the leader of a family business sets the tone for the company hoping future generations will continue it. The SC Johnson Company began in 1866 with Samuel Curtis Johnson selling floor care products. In the 1970s Sam Johnson, the founder's grandson, moved to make his company's consumer cleaning products environmentally friendly. Today the Johnson Family Enterprises continue this focus. In the words of CEO Fisk Johnson, "I want SC Johnson to be healthy and growing. But as a...leader of a family company I also want to pass along a business that respects the Earth."

Another set of challenges face the growing number of retired executives who now work for their kids. When Doug Harmon went to work for his daughter Laine Caspi both had to adapt to new roles for the relationship to succeed. When they get frustrated with each other one yells "Keeee-YAH". That's their signal to back off.

Family businesses are as different as the family members who work side-by-side, generation after generation helping them succeed. All have a story worth hearing.

Article by: St. Louis Public Library staff