Continuity Model Generation: Integrating Wealth, Strategy, Talent, and Governance Plans
Justin B. Craig
Résumé
Organize and plan for your family business's continued, intergenerational success
Continuity Model Generation: Integrating Wealth, Strategy, Talent, and Governance Plans delivers a cohesive and comprehensive plan for family business leaders who seek to improve the chances of sustaining success across generations. Incorporating four distinct-but closely related-plans, Continuity Model Generation shows family businesses how to manage their strategy, their wealth, their talent, and their governance to achieve multi-generational success. The book also offers:
- A coherent framework (Continuity Canvas) for the integration of its multiple plans affecting every critical aspect of the family-owned or controlled business
- Straightforward and practical frameworks, meta-frameworks, and cornerstones to ground your family business's strategy
- A variety of templates, checklists, and forms to organize your thinking and strategy
Ideal for business-owning families, as well as their stakeholders and those who advise them, Continuity Model Generation: Integrating Wealth, Strategy, Talent, and Governance Plans is required reading for anyone interested in maintaining and developing family-based wealth.
List of Illustrations VI
List of Illustrated Tables VII
List of Configuration Plans VII
ACKNOWLEDGEMENTS AND APPRECIATION VIII
INTRODUCTION TO THE CONTINUITY MODEL GENERATION X
PART ONE - 21 FRAMEWORKS AND 6 META-FRAMEWORKS 1
KEYSTONE META-FRAMEWORK 1
Four Foundational Theoretical Approaches 1
Agency Theory 1
Stewardship Theory 4
Resource-Based View 7
Principal Cost Theory 9
Two Complementary Logics 10
Three Circles Framework 12
FAMILIAL META-FRAMEWORK 17
The Big Tent Framework 17
RIPCC Best Practice Dimensions 19
Four Ps Framework 20
Four Cs Framework 21
INDIVIDUAL META-FRAMEWORK 26
Five Servant Leadership Dimensions 26
Four Tests Framework 28
Four Leadership Priorities 30
Four Exit Strategies 32
GENERATIONAL META-FRAMEWORK 35
Four Ls Framework 35
Four Ownership Stages 38
Four Entrepreneurship Principles 41
TACTICAL META-FRAMEWORK 44
Family Enterprise Heterogeneity Frameworks 44
Four Rs Framework 46
Four Strategy Dimensions Framework 48
FUNDAMENTAL META-FRAMEWORK 51
Four Trust Dimensions 51
Five-Stage Life Cycle Framework 53
Stage One: Existence 54
Stage Two: Survival 54
Stage Three: Success 54
Stage Four: Renewal 54
Stage Five: Decline 55
Church and State Framework 55
Four Innovation Capabilities 57
Technology Development Capabilities 57
Business-Driven Capabilities 57
PART TWO: THE CONTINUITY CANVAS 59
STRATEGY: STRATEGIC PLANNING FOR CONTINUITY 60
Strategic Planning for Continuity I: Collecting and Collating Basic Information 60
Strategic Planning for Continuity II: Corner Concept Equals a Quadruple-Bottom-Line Scorecard 63
Financial Perspective 64
Keystone Meta-Framework: Agency, Owner-Steward, and Manager-Steward 64
Familial Meta-Framework: Issues are the Same, Perspectives Differ 65
Individual Meta-Framework: Persuasiveness 66
Generational Meta-Framework: Affordable Loss 66
Tactical Meta-Framework: Financial Perspective of the Balanced Scorecard 66
Fundamental Meta-Framework: Business Equals State 67
Social Perspective 67
Keystone Meta-Framework: Social Logic 68
Familial Meta-Framework: Commitment to Us 68
Individual Meta-Framework: Organizational Stewardship from the Four Servant Leadership Dimensions 68
Generational Meta-Framework: Learn Our Family Business 69
Tactical Meta-Framework: Customer 69
Fundamental Meta-Framework: Family Equals Church 70
Environmental Perspective 71
Keystone Meta-Framework: Resource-Based View 71
Familial Meta-Framework: Philanthropy Leader 72
Individual Meta-Framework: Organizational Stewardship 72
Generational Meta-Framework: Learn to Lead 73
Tactical Meta-Framework: Innovation and Learning 73
Fundamental Meta-Framework: Technology Development Capability 74
Talent Perspective 74
Keystone Meta-Framework: Principal Cost 74
Familial Meta-Framework: Community 75
Individual Meta-Framework One: Four Tests Framework 75
Generational Meta-Framework: Learn Business, Learn Our Family Business 76
Tactical Meta-Framework: Four Rs Framework 77
Fundamental Meta-Framework: Four Trust Dimensions Framework, Business-Driven Capabilities 77
TALENT: SUCCESSORS' TALENT DEVELOPMENT PLANNING FOR CONTINUITY 79
Successors' Talent Development Planning for Continuity I: Collecting and Collating Basic Information 88
Successors' Talent Development Planning for Continuity II: Cornerstone Concept Equals Develop an Informed Individual Philosophy of Stewardship 90
Values - History - Legacy 91
Keystone Meta-Framework: Stewardship and Resource-Based View 91
Familial Meta-Framework: A Commitment to Us 92
Individual Meta-Framework: Altruism 92
Generational Meta-Framework: Learn our Family Business 92
Tactical Meta-Framework: The Steward 93
Fundamental Meta-Framework: Benevolence 94
Financial Literacy and Value Creation 94
Keystone Meta-Framework: Economic 94
Familial Meta-Framework: Big Tent Executive or Employee 96
Individual Meta-Framework: Self-Imposed Test 96
Generational Meta-Framework: Affordable Loss 97
Tactical Meta-Framework: Financial Perspective of the Balanced Scorecard 98
Fundamental Meta-Framework: Renewal 99
Governance Role Preparation 100
Keystone Meta-Framework: Three Circles 100
Familial Meta-Framework: Business or Family Governor 100
Individual Meta-Framework: Governor Exit Style 100
Generational Meta-Framework: Cousin Consortium 101
Tactical Meta-Framework: The Governor 102
Fundamental Meta-Framework: Ability and Consistency 103
Individual Development 104
Keystone Meta-Framework: Three Circles 104
Familial Meta-Framework: Four Ps 104
Individual Meta-Framework: Political Test 104
Generational Meta-Framework: Learn to Let Go 105
Tactical Meta-Framework: Four Rs 105
Fundamental Meta-Framework: Trust Dimensions 106
WEALTH: ASSET, WEALTH, AND ESTATE PLANNING FOR CONTINUITY 107
Asset, Wealth, and Estate Planning for Continuity I: Collecting and Collating Basic Information 107
Asset, Wealth, and Estate Planning for Continuity II: Cornerstone Concept Equals Produce a Handwritten Individual Legacy Statement 109
Keystone Meta-Framework 110
Familial Meta-Framework 111
Individual Meta-Framework 112
Generational Meta-Framework 113
Tactical Meta-Framework 115
Fundamental Meta-Framework 116
GOVERNANCE: GOVERNANCE PLANNING FOR CONTINUITY 117
Governance Planning for Continuity I: Collecting and Collating Basic Information 117
Governance Planning for Continuity II: Cornerstone Concept Equals Craft the Family's Governance Philosophy 118
Business Governance 120
Keystone Meta-Framework: Four Foundational Theories 120
Familial Meta-Framework: Business Governor - Family Governor 121
Individual Meta-Framework: Four Tests Framework 122
Generational Meta-Framework: Learn Our Family Business 123
Tactical Meta-Framework: Governance - The Governor 124
Fundamental Meta-Framework: Renewal - Business-Driven Capabilities 126
Family Governance 126
Keystone Meta-Framework: Family Steward 126
Familial Meta-Framework: Sense of Purpose 127
Individual Meta-Framework: Political 127
Generational Meta-Framework: Learn to Lead 127
Tactical Meta-Framework: Four Rs - Role 127
Fundamental Meta-Framework: Trust 128
Ownership Governance 128
Keystone Meta-Framework: Owner-Stewards 128
Familial Meta-Framework: Four Ps - Protocols Before Needed 129
Individual Meta-Framework: Persuasiveness 131
Generational Meta-Framework: Sibling Partnership 132
Tactical Meta-Framework: Responsibility 132
Fundamental Meta-Framework: Church 133
The Foundation 133
Keystone Meta-Framework: Social 133
Familial Meta-Framework: Big Tent - Philanthropy 134
Individual Meta-Framework: Empathy and Altruism 134
Generational Meta-Framework: Crazy Quilt 135
Tactical Meta-Framework: Customer 135
Fundamental Meta-Framework: Business-Driven Capabilities 136
PART THREE: CONFIGURING A PLAN FOR THE PLANS 137
Configuration Plan One 137
Configuration Plan Two 139
Configuration Plan Three 139
Configuration Plan Four 140
APPENDIX 141
Educating Educators 141
A Program Example 144
Section One: Frameworks and Meta-Frameworks 144
Section Two: Four Plans and Cornerstone Concepts for Continuity 147
Section Three: Presenting Configuration Examples 149
Section Four: Developing Your Own Continuity Canvas and Cornerstone Concepts 151
REFERENCES AND ADDITIONAL READINGS 151
JUSTIN B. CRAIG, PhD, is Professor of Entrepreneurship and Family Enterprise at Bond University in Australia and Visiting Professor of Family Enterprise and program director of the Center for Family Enterprises at the Kellogg School of Management, Northwestern University. He is the co-author of Leading a Family Business: Best Practices for Long-Term Stewardship .
Caractéristiques techniques
| PAPIER | |
| Éditeur(s) | Wiley |
| Auteur(s) | Justin B. Craig |
| Parution | 26/12/2021 |
| Nb. de pages | 272 |
| EAN13 | 9781119759300 |
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