Effective Leadership in the Family Business

CRAIG E. ARONOFF Co-founder, Principal, and Chairman of the Board of The Family Business Consulting Group, Inc., the founder of the Cox Family Enterprise Center and current Professor Emeritus at Kennesaw State University, USA. He invented and implemented the membership-based, professional-service-provider sponsored Family Business Forum, which has served as a model of family business education for universities world-wide.OTIS W. BASKIN Associate of The Family Business Consulting Group, Inc, Professor of Management at The George L. Graziadio School of Business and Management at Pepperdine University, USA, and the founding Director of the Family Business Forum at The University of Memphis.

• Introduction: Family Business Leadership is a Unique PropositionWanted: An Assortment of Able LeadersUnderstanding the Demands of LeadershipWhat Makes Leaders Effective?Where Leadership Comes FromNever Underestimate the Power of Family LeadershipDeveloping Tomorrow's LeadersPreparing Yourself for LeadershipFollowing the Leader is Leadership, TooOvercoming Impediments to LeadershipSummaryResourcesSuggested Additional ReadingsNotesThe AuthorsIndex

'After 18 years in our family business I have never read any work that has so effectively and efficiently encapsulated the elements of effective leadership within family business. Even more impressive is that Drs. Aronoff and Baskin have identified that leadership within these organizations can be found at many levels and in a variety of styles. Regardless of your aspirations, if you are associated with a family business you need to read Effective Leadership in the Family Business.' - Brian Graham, CEO, Nioxin Research Laboratories, Inc., Lithia Springs, GA 'In my new position as vice chairman, I found this book to be an easy read, enlightening and inspiring. Effective Leadership in the Family Business is about attitude, leadership, and family dynamics. Family members will understand the importance of bringing the family, management, and owners together to 'guide the business in accordance with the wishes of the owners and values of the family.' - Nancy Goedecke, Vice Chairman, Mayer Electric Distributing Co., Birmingham, AL 'Effective Leadership in the Family Business represents a pragmatic view, written by two friends, both of whom have served as trusted advisors to my family. This book is easy to follow and is consistent with the significant body of research that Drs. Basking and Aronoff have spent a lifetime involved in creating and applying in real world settings. Reading this book will assist members of family owned businesses to gain valuable insight, and jumpstart the sense-making process within the family business enterprise.' - Steve Fazio, Fazio, Inc., Los Angeles, CA