4.6 (437) In stock
While the traditional view of family business is that first-generation business founders are the entrepreneurial dynamos whose work and energy drift away in subsequent generations, the second generation of a family business doesn’t have to live in the shadow of the first generation. Second generation leaders are often the unsung heroes in a family business. They play a pivotal role in professionalizing the business and building out new initiatives, building on the legacy of the first generation to develop a great family, not just a great business. Successful second-generation leaders tend to focus more than the first generation on gathering and aligning disparate family members to create a strong family pillar alongside a well-developed enterprise pillar. The second generation is therefore crucial to pivoting the family away from a single-minded focus on business development to a broader set of initiatives where family communication, governance, and cohesion are fostered. With proper support, coaching, and recognition, the second generation no longer needs to be considered second best.
Why and How Should SHE Make Her Way Into the Family Business
Steinbeck Family Business Seminar UCLA Anderson School of Management
Why siblings are becoming less common
Lifting the Second-Generation Curse - The New York Times
Journalism Needs Leaders Who Know How to Run a Business - Nieman
Why Do Family Businesses Disintegrate? - Forbes India Blogs
Resources - James Grubman, PhD
Family business and the second generation curse
Merit or Inherit: How to Approach Succession in a Family Business
