Book description
Establish credibility as the new family business leader
Myths & Mortals, Family Business Leadership and Succession Planning provides insights and strategies for successors of family businesses. Successors often find themselves in the shadow of their parents making it difficult to establish credibility in the family business and tap into their own strengths. The stress of emulating a parent begins to clash with who they are and who they want to be as a leader.
Written by internationally known business strategist and succession planning expert Andrew Keyt, this guide shows you how to establish credibility, take your place at the head of the table, and run your business your way. In groundbreaking research, Keyt interviewed more than 25 successors of family business legends including Massimo Ferragamo, Bill Wrigley Jr., Christie Hefner, and John Tyson to find out how they overcame the challenges successors commonly face.The analysis from that study formed the basis for the strategies presented here—to help you win the loyalty of those stuck in the old way of doing business, and still focused on their former leader's vision. You'll learn how to take charge without sacrificing your own leadership style, and how to get everyone on board with your vision for the business.
Growing up in the shadow of legendary family business leaders creates a unique challenge for successors to the leadership position. You cannot remove the emotional power of family dynamics from the business, but you can change how you choose to react to it. To be successful, you need to create a sense of identity and credibility, and step out of the shadows of your forbears. This guide provides strategies for doing just that, so you can take the reins and be the effective leader your business needs.
- Overcome the obstacles successors commonly face
- Win over those still loyal to their former leader
- Build your own credibility, separate from your parents
- Develop your own leadership style and do business your way
Credibility is elemental to business leadership, but establishing that credibility is the successor's biggest challenge. Myths & Mortals, Family Business Leadership and Succession Planning helps you plan around the obstacles and avoid common missteps so you can lead more effectively right out of the gate.
Table of contents
- Title Page
- Copyright
- Dedication
- Preface
- Acknowledgments
- Prologue: Born in the Shadows
- Chapter 1: Making of a Myth: How stories of heroism help and harm a successor
- Chapter 2: Out of the Shadows: The journey of the successor to lead apart from the myth
- Chapter 3: You Gotta Earn It: Earning your way to the top
- Chapter 4: The Strength of Failure: Running the obstacle course of success
- Chapter 5: “I Can See Clearly Now”: The origins of a fresh vision for the family business
- Chapter 6: Nonstop Learning: Know your weakness and improve
- Chapter 7: Feed the Family: Caring for relationships, caring for the business
- Chapter 8: Me versus We: Sharing the glory of the family business story
- Chapter 9: Decisions, Decisions: Decisiveness amidst ambiguity
- Chapter 10: The Inner Light: A plan to illuminate a successor's path
- Epilogue: Stepping out of the Shadows and into the Light of Your Leadership
- Appendix A: Research Note
- Appendix B: A Generative Retreat
- About the Author
- Index
- End User License Agreement
Product information
- Title: Myths and Mortals
- Author(s):
- Release date: July 2015
- Publisher(s): Wiley
- ISBN: 9781118928967
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