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- Item type
- Book
- Language
- English
- Pages
- x.4, 9.5
- Physical description
- x.4, 9.5
- Publication year
- 2020
- ISBN
- 978-0-578-63789-1
- Subjects
-
Dr. Fredda Herz Brown’s latest book, The Essential Roadmap: Navigating Family Enterprise Sustainability in a Changing World, helps readers to navigate the twists and turns of successfully sustaining a family-owned enterprise.
A previous book, The Family Wealth Sustainability Toolkit: The Manual, was coauthored with former colleague and partner Fran Lotery. That book elaborated a model of family enterprise sustainability developed around four dimensions including Family Legacy and Connection, Governance Structure and Processes, Financial Accountability and Management and Human Capital and Leadership Development.
Today, from her extensive experience with clients as well as data collected by her firm, Relative Solutions, that model has evolved to deal with the changing circumstances of enterprising families. Using primary research tools including The Family Enterprise Sustainability Index, it now includes an important fifth dimension of Generosity and Gratitude, which captures the sense of connection going beyond family and local community to a more global perspective.
The Essential Roadmap: Navigating Family Enterprise Sustainability in a Changing World deeply examines these five dimensions and newly focuses on developing resilient family enterprises who are able to plan for the future and meet the twists and turns of a rapidly changing global world. The Relative Solutions team found that while sustainability sets a foundation and plots out a roadmap for moving ahead, something more is needed; that “something” is resilience, which is the ability to be resourceful and deal with change in the face of challenges and even adversity. Resilience is the ability to be agile, to bounce back and beyond—and to be better off for doing so. Resilience allows for change without impacting the family’s core identity, its basic values and mission.
The book sheds light on the paths to maintain a healthy enterprising family. It focuses on maintaining healthy resilient relationships and the development of behaviors that will provide the framework for the future. It suggests ways to handle the inherent challenges and conflicts that arise along the way. And it provides many rich examples of families who develop behaviors and structures in each of the dimensions to flourish and grow for generations to come.
What others are saying…
“The Essential Roadmap: Navigating Family Enterprise Sustainability in a Changing World tackles the essential challenges of understanding the financial, interpersonal, and social forces families face, as few others have. It should be essential reading for every business family and practitioners who serve them.”
-- Stephen Campbell, Chairman of Global Family Office Group, Citi Private Bank
“The Essential Roadmap: Navigating Family Enterprise Sustainability in a Changing World deals honestly with the most profound challenges facing sustainability in multi-generational families of wealth...leadership, entitlement, accountability, responsibility, and resilience.
These issues are brought alive through vivid storytelling by authors who have decades of experience working with complex family systems. The reader is reminded that sustainability doesn’t ‘just happen’. It is thoughtfully and deliberately cultivated by families that are committed and self-aware. I loved the concept of resilience as a muscle that needs exercise!”
-- Christine Galloway, Former President of the Okabena Company
“The Essential Roadmap: Navigating Family Enterprise Sustainability in a Changing World sheds new light on the key elements of ensuring long-term success for an enterprising family. Families and advisors alike will learn from the many nuggets of wisdom and engaging vignettes spread throughout the book. Readers will gain practical insights and can readily apply the tools to family enterprises of all sizes and stages.”
-- Patricia Angus, Founder and CEO of Angus Advisory Group LLC.
and Adjunct Professor at Columbia University
