{"product_id":"borrowed-from-your-grandchildren-isbn-9781119573807","title":"Borrowed from Your Grandchildren","description":"\u003cp\u003e\u003cb\u003eFamilies share how they have maintained and grown their wealth from generation to generation.\u003c\/b\u003e\u003cb\u003e\u003ci\u003e \u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhile creating wealth is a wonderful achievement, business families are also concerned with how their wealth is used to support their values, the lives of their children and the well-being of the community. Over several generations, families who are successful in growing their wealth have been able to reinvent themselves and their business in the face of significant environmental transformations and internal differences cause by family dynamics. \u003ci\u003eBorrowed from my Grandchildren \u003c\/i\u003eis a fascinating look at how large, long-lasting business families succeed across generations. \u003c\/p\u003e \u003cp\u003eAuthor Dennis T. Jaffe, one of the leading architects of the field of family enterprise consulting, has interviewed members of successful, well known, 100-year family enterprises from 20 countries, who serve as role models for those wishing to see their wealth positively impact their children, employees, and communities. Half continue to own their legacy business and others have gone on to become family offices with a portfolio of shared assets, but all these families have sustained their values and identity as a family over more than three generations.  \u003c\/p\u003e \u003cp\u003eOffering the collected wisdom of nearly 100 global business families, this insightful book shares the real-life stories of partners in business and wealth management over three of more generations. Families that generate rather than reduce their wealth across generations, known as Generative Families, focus on engaging across generations and develop collaborative governance for both family and business to ensure responsible stewardship from one generation to the next. \u003c\/p\u003e \u003cp\u003eThis unique resource:\u003c\/p\u003e \u003cul\u003e \u003cli\u003ePresents real-life stories of families sustaining wealth over generations\u003c\/li\u003e \u003cli\u003eExplores both the successes and failures of retaining family wealth\u003c\/li\u003e \u003cli\u003eIncludes rare private insights from members of prominent wealthy families\u003c\/li\u003e \u003cli\u003eExamines the nature of global family enterprises and their evolution over generations\u003c\/li\u003e \u003cli\u003eDiscusses the financial, human, and social dimensions of wealth\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eBorrowed from my Grandchildren: The Evolution of Stewardship in 100-Year Families \u003c\/i\u003eis an essential read for family members, non-family executives, family offices, estate planning lawyers, family business consultants, trust officers, philanthropic and foundation advisors, financial advisors, financial planners, CPAs, and other finance professionals.\u003c\/p\u003e \u003cp\u003eForeword: Rice Paddy to Rice Paddy xv\u003c\/p\u003e \u003cp\u003ePreface xxi\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart One The Wisdom of Generative Families 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 1 Learning from the Best: Researching Long-Term Family Enterprises 3\u003c\/p\u003e \u003cp\u003eChapter 2 Creating a Great Family: The Virtuous Circle of Family and Business 19\u003c\/p\u003e \u003cp\u003eChapter 3 The Social History of Family Dynasties 35\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Two The Evolution of the Resilient Family Enterprise 59\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 4 The First Four Generations 61\u003c\/p\u003e \u003cp\u003eChapter 5 Business Resiliency: Common Transformations Along the Path 87\u003c\/p\u003e \u003cp\u003eChapter 6 The Generative Alliance: Building and Sustaining a Values-Based Culture 113\u003c\/p\u003e \u003cp\u003eChapter 7 Corporate Social Responsibility: Changing the World from Local to Global 151\u003c\/p\u003e \u003cp\u003eChapter 8 Owners’ Mindset: Stewardship and the Board of Directors 177\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Three Inside the Family: Family Governance to Create a Great Family 199\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 9 The Family Tribe: Creating Purposeful Extended Family Community Beyond the Enterprise 201\u003c\/p\u003e \u003cp\u003eChapter 10 Governance: Organizing the Interconnection of Family and Business 215\u003c\/p\u003e \u003cp\u003eChapter 11 The Family Council: Conducting the Work of the Family 237\u003c\/p\u003e \u003cp\u003eChapter 12 The Family Constitution: Governing Document of the Generative Family 259\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Four The Rising Generation: Sustaining the Future 283\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 13 Releasing the Potential of the Rising Generation: How to Develop Capable Successors 285\u003c\/p\u003e \u003cp\u003eChapter 14 Family as a Cross-Generational Learning Community 309\u003c\/p\u003e \u003cp\u003eChapter 15 Family Philanthropy: Balancing Roots and Wings 333\u003c\/p\u003e \u003cp\u003eChapter 16 Reflections on the Economic and Social Future of Family Enterprise 351\u003c\/p\u003e \u003cp\u003eAppendix: Tools for Families (and Advisors) 357\u003c\/p\u003e \u003cp\u003eAbout the Author 361\u003c\/p\u003e \u003cp\u003eAbout the Research Team 365\u003c\/p\u003e \u003cp\u003eAbout Wise Counsel Research Associates 369\u003c\/p\u003e \u003cp\u003eAcknowledgments 371\u003c\/p\u003e \u003cp\u003eIndex 373\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eDENNIS T. JAFFE, PHD,\u003c\/b\u003e has, for the past 40 years, been one of the leading architects of the field of family enterprise consulting. As both an organizational consultant and clinical psychologist, he helps global multi-generational families develop governance practices that build leadership in succeeding generations and ensure financial stability. His work with families helps inform his training of financial advisors and wealth managers about the knowledge and skills needed to serve their client families. He is an acclaimed speaker and workshop leader in programs for business families and financial service firms. He has written several books that guide business families in working together to build thriving enterprises. His website is www.dennisjaffe.com.   \u003c\/p\u003e\u003cp\u003e“Dennis Jaffe has consolidated hundreds of years of family lessons into one compendium that maps the journey that successful family enterprises follow. His insights on the critical stages of development will enrich every family enterprise and assist with whatever generational transitions are underway. Don’t miss the final chapter on the \u003ci\u003eEconomic and Social Future of Family Enterprises\u003c\/i\u003e and their vital role as stabilizing forces in countries that are facing tremendous challenges in the next decade.”\u003cbr\u003e \u003cb\u003e—Sara Hamilton, \u003c\/b\u003eFounder and CEO, Family Office Exchange \u003c\/p\u003e\u003cp\u003e“With the largest intergenerational transfer of wealth in American history underway, and a search for positive social impact rising among newer generations, \u003ci\u003eBorrowed from Your Grandchildren\u003c\/i\u003e is a timely research report and guide for family business assessment and planning, with values at the forefront. Dennis Jaffe counters myths and shows what really works to create long-term successful businesses that nurture families, unite successive generations, and leave a legacy.”\u003cbr\u003e \u003cb\u003e—Rosabeth Moss Kanter,\u003c\/b\u003e Arbuckle Professor, Harvard Business School; author of \u003ci\u003eThink Outside the Building: How Advanced Leaders Can Change the World One Smart Innovation at a Time\u003c\/i\u003e  \u003c\/p\u003e\u003cp\u003e\u003cb\u003eLearn How 100 Families Have Sustained Their Wealth for Generations\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eSuccessfully passing wealth on to future generations is more challenging than many assume. You need to prepare accordingly if you wish to sustain a family fortune that grows as the decades pass. \u003ci\u003eBorrowed from Your Grandchildren\u003c\/i\u003e illustrates how you can pass your family enterprises across generations not only in the form of financial wealth but also through familial success, creative and responsible new generations, and positive community impact. Reporting on interviews with family leaders of 100 global business families who have consistently kept and grown all forms of their “wealth,” this book reveals principles anyone can apply to ensure that your family’s assets and enterprises are sustainable and secure for the future. \u003c\/p\u003e\u003cp\u003eThis useful resource: \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eExamines real-life stories of Generative Families with successful family enterprises\u003c\/li\u003e \u003cli\u003eShows how financial and business success stems from a foundation of clear values and cross-generational collaboration\u003c\/li\u003e \u003cli\u003eOffers rare insights from otherwise private global families\u003c\/li\u003e \u003cli\u003eDemonstrates how family enterprises evolve over the years\u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003eThe proven wealth and enterprise management practices in this book can sustain your family through the passing of time and lead to your family having a positive impact on each new generation, their businesses, and their community.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988852097253,"sku":"NP9781119573807","price":40.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119573807.jpg?v=1761781777","url":"https:\/\/k12savings.com\/products\/borrowed-from-your-grandchildren-isbn-9781119573807","provider":"K12savings","version":"1.0","type":"link"}