Advertisement

Family Strategy: Planning the Family’s Participation

  • Randel S. Carlock
  • John L. Ward
Part of the A Family Business Publication book series (AFBP)

Abstract

Five years ago the Wates Group was facing a dilemma. One of the UK’s oldest and largest construction groups, it had been controlled by its founding family for more than a century. But now the five senior family leaders and owners were beginning to contemplate retirement. While several members of the next generation worked in the business, none had served in senior management or as directors — and there was uncertainty about who was interested in or capable of filling leadership and governance roles.1

Keywords

Family Firm Family Business Family Owner Senior Executive Family Participation 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Notes

  1. 2.
    Senge, P. M. The Fifth Discipline: The Art and Practice of the Learning Organization, (New York: Doubleday Currency, 1990).Google Scholar
  2. 5.
    Florent, E. Work and Love: Finding One’s Place in the Family Firm (INSEAD case study 10/2002–5005, 2002–5).Google Scholar
  3. 7.
    Kets de Vries, M. F. R. Family Business: Human Dilemmas in the Family Firm (London: International Thomson Business Press, 1996).Google Scholar
  4. 8.
    Kets de Vries, M. and Carlock, R. S. with Florent-Treacy, E. Family Business on the Couch: A Psychological Perspective (New York: John Wiley, 2007).Google Scholar

Copyright information

© Randel S. Carlock and John L. Ward 2010

Authors and Affiliations

  • Randel S. Carlock
    • 1
  • John L. Ward
    • 2
  1. 1.Wendel International Centre for Family EnterpriseINSEADFrance
  2. 2.Center for Family Enterprises, Kellogg School of ManagementNorthwestern UniversityUSA

Personalised recommendations