Family Wars: Classic conflicts in family business and how to deal with them.

Family Wars: Classic conflicts in family business and how to deal with them.

by Grant Gordon (Author), Grant Gordon (Author), Nigel Nicholson (Author)

Synopsis

Many of the world's greatest businesses are family owned - but with this comes the threat of family feuding, sibling rivalries and petty jealousies. Family Wars takes you behind the scenes on a rollercoaster ride through the ups and downs of some of the biggest family-run companies in the world - and shows how family in-fighting has threatened to bring about their downfall. Covering families such as Ford, Gucci, McCain, Guinness, Gallo, Redstone and many more, Family Wars is an astonishing expose of the way families do business and how family arguments and in-fighting can threaten to blow a business apart. Whether it's Brent Redstone's courtcase with his father and sister and his accusation of them misappropriating millions of dollars , or the family feud over Henry Ford's $350 million trust fund, the book reveals the origins, the extent and finally the resolution of some of the most famous family feuds in recent history. More than telling the stories behind some of these dramatic showdowns, Family Wars also provides valuable advice and insight for anyone involved with a family-run business. With insight into issues such as board-room power-struggles, family inheritance or the rights to use the family name, the book offers practical suggestions on how similar problems can be contained and solved, avoiding the disastrous consequences of family feuding.

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More Information

Format: Hardcover
Pages: 304
Edition: 1
Publisher: Kogan Page
Published: 03 Mar 2008

ISBN 10: 0749446307
ISBN 13: 9780749446307
Book Overview: A compelling and revealing account of what can happen when world-famous family businesses fall out. Family Wars draws lessons from disastrous conflicts within dynasties such as Gucci and Ford and provides practical advice on successful succession planning, corporate and family governance and conflict resolution.

Media Reviews
'The virtue of Family Wars is that it entertains through schadenfreude.' Financial Times, 28 February 2008 'The authors elucidate some of the most lurid business feuds of the 20th century and their (usually) sorry aftermath. The stories are fascinating.' The Observer, 13 April 2008 'Rather than throwing up their hands in despair, the authors have come up with some principles for - if not avoiding - dealing with conflict when it arises.' The Independent, 6 May 2008 'Gordon and Nicholson expertly name and number the problems unique to family-run business, but more than just labelling, they offer insight and possible solutions. Family Wars is the best attempt yet to create a guidebook to prevent the hammer from falling too heavily on family business.' Business-book-summaries.com, Spring 2008 'The book quickly proves to be a page-turner as the stories are related with compelling detail and expert analysis by authors Grant Gordon and Nigel Nicholson.' Belfast News Letter Group, 25 March 2008 'Better than any soap, sadly revealing of the flaws of the human condition, the authors have told the stories of twenty-four family businesses and close with lessons learned, warning signs and risk factors to be aware of and advice as to how businesses should respond to them.' 'Fascinating insights fill these cautionary tales.' Refresh, March 2008 'Highly relevant to anyone involved in business, family or otherwise.' I strongly recommend this book. Edge, May 2008 'A text for people who are involved with family firms - [...] and for general readers with an interest in the topic.' Reference - Research Book News, 2008 'A fascinating and thought provoking insight into some of the largest family run businesses in the world.' Business Adviser, Spring 2008 'If you thought Greek drama riveting, if Shakespeare's tragedies kept you in thrall, if you were under the spell of soaps such as Dynasty, then read Family Wars! It tells the stories of many family businesses - and the feuds, which almost (if not completely) engulfed their respective organisations.' Manager, April 2008 Explores the worst horrors of family business feuds. 'The authors [...] promote humility and self-control as the key to longevity in business.' City A.M., 18 March 2008 'In Family Wars, authors Nigel Nicholson and Grant Gordon look at the sources of conflict and how to avoid them.' WGSN.com, April 2008 Traces the ups and downs of family-run companies. Books Quarterly (Waterstones), May 2008
Author Bio
Grant Gordon is the Director General of the Institute for Family Business and a fifth-generation member, and former senior executive, of a leading UK family business in the drinks sector. Nigel Nicholson is Professor of Organizational Behaviour at London Business School and a leading writer, executive educator and broadcaster on business and management.