Leading a Family Business: Best Practices for Long Term Stewardship

Justin B Craig, Ken Moores

Research output: Book/ReportBookResearch

Abstract

Leading a company is a much different experience for those in a family-run business than for their contemporaries in nonfamilial environments. This book provides a comprehensive overview of the skill set and mindset required to lead family enterprises, and it introduces the four critical areas in which family businesses differ from traditional companies--management structures, governance mechanisms, entrepreneurial advantages, and stewardship practices. In a fascinating convergence of entrepreneurship, family relations, and corporate principles, the authors present two frameworks to better understand the best practices of leading a family business: a firm-level frame focused on these four critical areas of difference (architecture, governance, entrepreneurship, and stewardship) and an individual one that mirrors these in terms of the skill set and mindset successful leaders need to develop. Craig and Moores consider the differences between leadership in family enterprises and non-family enterprises; the entrepreneurial capabilities needed by executives in family-based firms; and the use of power, identification, and motivation in managing their responsibilities both at home and in the workplace. Case studies provide a real-life look at the inner workings of family operations across the globe.
Original languageEnglish
Place of PublicationSanta Barbara, California
PublisherPraeger Publishing
ISBN (Electronic)978-1-4408-5533-7
ISBN (Print)978-4408-5532-0
Publication statusPublished - 10 Oct 2017

Fingerprint

Family business
Best practice
Stewardship
Entrepreneurship
Mindset
Family enterprise
Responsibility
Globe
Governance
Work place
Management structure
Governance mechanisms

Cite this

Craig, J. B., & Moores, K. (2017). Leading a Family Business: Best Practices for Long Term Stewardship. Santa Barbara, California: Praeger Publishing.
Craig, Justin B ; Moores, Ken. / Leading a Family Business: Best Practices for Long Term Stewardship. Santa Barbara, California : Praeger Publishing, 2017.
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Craig, JB & Moores, K 2017, Leading a Family Business: Best Practices for Long Term Stewardship. Praeger Publishing, Santa Barbara, California.

Leading a Family Business: Best Practices for Long Term Stewardship. / Craig, Justin B; Moores, Ken.

Santa Barbara, California : Praeger Publishing, 2017.

Research output: Book/ReportBookResearch

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AB - Leading a company is a much different experience for those in a family-run business than for their contemporaries in nonfamilial environments. This book provides a comprehensive overview of the skill set and mindset required to lead family enterprises, and it introduces the four critical areas in which family businesses differ from traditional companies--management structures, governance mechanisms, entrepreneurial advantages, and stewardship practices. In a fascinating convergence of entrepreneurship, family relations, and corporate principles, the authors present two frameworks to better understand the best practices of leading a family business: a firm-level frame focused on these four critical areas of difference (architecture, governance, entrepreneurship, and stewardship) and an individual one that mirrors these in terms of the skill set and mindset successful leaders need to develop. Craig and Moores consider the differences between leadership in family enterprises and non-family enterprises; the entrepreneurial capabilities needed by executives in family-based firms; and the use of power, identification, and motivation in managing their responsibilities both at home and in the workplace. Case studies provide a real-life look at the inner workings of family operations across the globe.

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Craig JB, Moores K. Leading a Family Business: Best Practices for Long Term Stewardship. Santa Barbara, California: Praeger Publishing, 2017.