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Unconventional Wisdom: CounterintuitiveInsightsfor Family Business Success

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Family businesses prosper by pursuing unconventional strategies. Because they are values-driven and think very long-term, they take approaches not popular with current management fashion or most companies. That is the key to their competitive advantage. However, family businesses must find ways to simultaneously serve business needs and family goals, which require very different priorities and principles. As a result, they must think paradoxically, and find insights that single-purpose enterprises need not contemplate. They must dare to be different.Family business requires a different governance system, but it must nevertheless be one that can be controlled. Building on insights from the world???s premier family business executive education course, this book offers the Unconventional Wisdom needed to leverage the strategic and cultural uniqueness of a family business for enduring success.

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Series Title

IMD Executive Development Series

Call Number

300 Pro

Publisher

Hoboken, NJ : Wiley., 2005

Collation

274[276] Pages

Language

English

ISBN/ISSN

0470021659, 9780470021651, 9780470021668

Classification

300

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