Reinventing the Wheel! The Witten Model of Family Strategy Development

Arist von Schlippe (), Tom A. Rüsen () and Torsten Groth ()
Additional contact information
Arist von Schlippe: Witten/Herdecke University
Tom A. Rüsen: Witten/Herdecke University
Torsten Groth: Witten/Herdecke University

Chapter 9 in The Two Sides of the Business Family, 2021, pp 189-246 from Springer

Abstract: Abstract The final chapter of this book brings together our theoretical observations and our empirical findings to present a practical concept of how to engage in a process of communication, reflection and strategy development that allows a family to embark on an examination of itself and its relationship with its business. The chapter offers a guide to a prototypical process of family strategy formulation, broken down into 12 topic areas. As we see it, work on family strategy means shifting from hope to trust. Those who continue to make family strategy decisions in ways that have proven effective in the past have to hope that the family circumstances and environmental demands continue to fit the familiar solutions. Anyone initiating a family strategy process is calling on the family to engage in a significant effort to communicate, and, even when a family strategy has finally been established, dispute and conflict will not disappear.

Date: 2021
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-3-030-60200-0_9

Ordering information: This item can be ordered from
http://www.springer.com/9783030602000

DOI: 10.1007/978-3-030-60200-0_9

Access Statistics for this chapter

More chapters in Management for Professionals from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().