Craig Aronoff is a leading consultant, speaker, writer, and educator in the family business field, and co-founder and principal of The Family Business Consulting Group, Inc. His work focuses on the unique challenges and opportunities inherent in family-owned enterprises. Aronoff leverages his extensive knowledge and experience to help these businesses thrive and transition successfully across generations. His approach is grounded in a deep understanding of both family dynamics and business strategy.
The book addresses the challenges family businesses face when hiring non-family managers and emphasizes the importance of fostering an environment conducive to their success. It delves into effective strategies for hiring, managing, and retaining skilled outside executives, highlighting how these practices can benefit both the business and the family dynamics.
This book establishes the principles and patterns necessary to laying the foundation for capital and liquidity planning. Through an in-depth examination of financial situations, it leads family businesses to making wise, well-timed choices about the future of the business and the family.
Helps to prepare for passing the family business on to the next generation. Leaders will learn how to create a succession plan; how to develop opportunities for succession candidates; how to build consensus with the family and leaders on succession plans and finally leaders will learn when and how to let go of their own role in the business.
Regular meetings help build a strong family. And a strong family has a much better chance at long term success. In Family Meetings, authors Aronoff and Ward show that holding regular meetings is one of most important ways of ensuring less conflict and more collaboration.
Ownership in a family business can be a rewarding and important role. It means stewardship, protection and nurturing the family business. As a guide for shareholders, this book will develop understanding and insight into the role of becoming more valuable as an owner, not just financially, but intellectually and emotionally as well.
Emphasizing the necessity of adaptability, this book explores how family businesses can thrive in a dynamic environment. The authors highlight the significance of embracing change and offer practical tools to integrate it into the company's culture. By fostering a tradition of adaptability, family enterprises can ensure their longevity and success in an ever-evolving market.
Here Aronoff and Ward show siblings and cousins how to work together on key issues that are critical to the future success of the business including how to attract the most capable family members into leadership roles, how to develop agreement among many owners and how to create a cousin collaboration.
Strategies for family firms, unlike those of other businesses, can and should incorporate family factors. Responsible and disciplined strategic integration of family and business goals, strengths and values produces powerful results.
