Ivan Lansberg - Succeeding generations: realizing the dream of families in business
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Succeeding generations: realizing the dream of families in business
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This text seeks to make sense of the turmoil involved in family businesses that surrounds the complicated task of choosing the next leader, or leadership group, for their firm. It also provides a typology of leadership transitions, clearly defining the possible partnerships between relatives.
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Succeeding Generations : Realizing the Dream of Families in Business
author
:
Lansberg, Ivan.
publisher
:
Harvard Business School Press
isbn10 | asin
:
0875847420
print isbn13
:
9780875847429
ebook isbn13
:
9780585181417
language
:
English
subject
Family-owned business enterprises--Management.
publication date
:
1999
lcc
:
HD62.25.L36 1999eb
ddc
:
658/.045
subject
:
Family-owned business enterprises--Management.
Page iii
Succeeding Generations:
Realizing the Dream of Families in Business
Ivan Lansberg
Page iv
Disclaimer: Some images in the original version of this book are not available for inclusion in the netLibrary eBook.
Copyright 1999 Ivan Lansberg All rights reserved
Printed in the United States of America 03 02 01 00 99 5 4 3 2 1
LIBRARY OF CONGRESS CATALOGING-IN-PUBLICATION DATA Lansberg, Ivan, 1954 Succeeding generations : realizing the dream of families in business / Ivan Lansberg. p. cm. Includes bibliographical references and index. ISBN 0-87584-742-0 (alk. paper) 1. Family-owned business enterprisesManagement. I. Title. HD62.25.L36 1999 658'.045dc21 98-52228 CIP
The paper used in this publication meets the requirements of the American National Standard for Permanence of Paper for Printed Library Materials Z39.49-1984.
Page v
To Margarita, my partner and soul mate. Without you there would be nothing.
Page vii
CONTENTS
Preface
ix
Introduction
1
Part I Family Business Forms
11
1 Designing New Road Maps for the Journey
13
2 A Typology of Successions
27
3 The Lombardi Family Business
51
Part II Shared Dreams and Succession Planning
73
4 Family Dreams: The Genesis of Succession
75
5 Working with Dreams
95
6 Assessing the Feasibility of the Dream
123
Part III Human Development and the Timing of Succession
149
7 Developing Successors: The First Steps
151
8 Mentoring
179
9 Anointment and Taking Charge
199
10 A More Systematic Selection Process
223
11 Letting Go
249
Page viii
Part IV Governance for Continuity
277
12 Governance Structures and Processes for Continuity
279
13 Governance in Action
311
14 Conclusion: Improving the Odds of Success
329
Notes
343
References
355
Index
363
About the Author
379
Page ix
PREFACE
My approach in this book results from the three roles that have defined my personal involvement with family businesses: as the academic interested in the generation, validation, and dissemination of ideas; as the consultant seeking to improve the lives of business families that I work with; and as the son who grew up in a family enterprise and has experienced firsthand many of the joys and pains that go with success and failure in these companies.
In 1954 my father founded "Segurosca," an insurance brokerage company that later became Grupo Lansberg in Venezuela. In its heyday, Grupo Lansberg was one of the largest insurance brokerage companies in the Spanish-speaking world. Although I never had a managerial role in the family business, I was a participant in the sessions it held at least twice a year for five years with Richard Beckhard, one the leading thinkers in field of organizational development, and his then-wife, Elaine Kepner, a specialist in Gestalt psychology, to discuss and plan my father's succession. The sessions were exciting. I was still in graduate school when the planning process started and I was captivated by the issues we had to address in our family and business as we attempted to plan for this transition.
Unfortunately, the process did not work out as we had hoped. My brother and a professional non-family executive took charge at a time when the economy of the country was falling apart. Instead of battening
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