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Generation to Generation: Life Cycles of the Family Business by Ivan Lansberg, Marion McCollom Hampton, John A. Davis, Kelin E. Gersick

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9

Consulting with Family Businesses

SOME FAMILY BUSINESSES appear to sail along from year to year without ever getting caught in stormy weather. But most family business leaders have times when it feels as if they are continuously jumping from one difficult challenge to the next. Those moments often occur when the system is moving from one stage to another on one of the developmental dimensions, such as when ownership is distributed from a sole owner to a sibling group, or when a business undergoes a significant restructuring or a growth spurt. Even more demanding, however, are the occasional times when developmental changes occur in two or three arenas at the same time. These complicated shifts in the business and in the roles of key individuals ...

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