Essential Books to Learn About the Family Business: An Inspiring Source

Peter Lorange and Karin Mugnaini
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Peter Lorange: IMD
Karin Mugnaini: IMD

Chapter 23 in The Future-Ready Leader, 2023, pp 201-224 from Springer

Abstract: Abstract This relatively old book, though in many ways a classic, hones in above all on the critical importance of having a specific mission for one’s family business, thus allowing various family members to be effectively informed, even those who are not necessarily participating actively in the management of the family firm, and also including those next-generation members who might be uninterested. A clear articulation of a mission may make it easier for some of those initially less interested to step into management roles later, as well as to facilitate a smoother wealth transition between generations.

Date: 2023
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DOI: 10.1007/978-3-031-45090-7_23

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