{"product_id":"engaged-ownership-isbn-9781119171133","title":"Engaged Ownership","description":"\u003cp\u003e\u003cb\u003eSuccessful ownership transition requires effective decision making at the top\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eEngaged Ownership\u003c\/i\u003e is the definitive owner's guide to the family enterprise. Whether you're taking over a family business, family office, or trust, this book shows you how to work effectively with the management and board to keep the enterprise moving in the right direction. The first guide of its kind written from the owner's perspective, this book is designed to help owners who are truly committed to growing all forms of capital be successful in their role. You'll learn the time-tested process that helps you 'unstick' decision-making, become engaged and effective, and manage the transfer from owner control to shared ownership while minimizing risk. Improve communication and relationships with the board, and ensure that every stakeholder understands your strategies and vision for the future. You'll allay the fears that frequently accompany ownership transfers, and inspire a sense of teamwork that leads to sustainable success generation after generation.\u003c\/p\u003e \u003cp\u003eAs the Baby Boomers retire, business founders and entrepreneurs worldwide are transferring ownership of privately held enterprises to their children in record numbers. It can be a complex and difficult-to-navigate time for everyone involved. This book helps you smooth the way to a successful transition, and transcend the owner's traditionally passive role.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eLearn to work effectively with management and the board\u003c\/li\u003e \u003cli\u003eGet everyone on the same page in terms of vision and direction\u003c\/li\u003e \u003cli\u003eBuild relationships that lead to forward-thinking decision making\u003c\/li\u003e \u003cli\u003eSucceed in the ownership role by bringing your expertise to the fore\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eOwnership transfer often triggers a radical change in family enterprise, and if poorly managed, can turn a business in the wrong direction. \u003ci\u003eEngaged Ownership\u003c\/i\u003e shows you how to build a dynamic and effective partnership with trustees, board, and management, and become a successful steward of the family's financial, human, social, and operational capital.\u003c\/p\u003e \u003cp\u003eForeword xi\u003c\/p\u003e \u003cp\u003ePreface xiii\u003c\/p\u003e \u003cp\u003eAcknowledgments xxiv\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart: I Engaged Ownership: An Introduction\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePrologue 3\u003c\/p\u003e \u003cp\u003eChapter 1 More at Stake than Money 9\u003c\/p\u003e \u003cp\u003eChapter 2 Achieving Engaged Ownership 21\u003c\/p\u003e \u003cp\u003eChapter 3 Engaged Ownership: Hallmarks and Impediments 29\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart: II Getting Organized\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 4 Family Business Roles and Relationships 45\u003c\/p\u003e \u003cp\u003eChapter 5 The Legacy of the Past: Natural Governance, Family History, and Culture 55\u003c\/p\u003e \u003cp\u003eChapter 6 Enumerating Core Capital 69\u003c\/p\u003e \u003cp\u003eChapter 7 Shared Purpose 85\u003c\/p\u003e \u003cp\u003eChapter 8 Vision and Mission 93\u003c\/p\u003e \u003cp\u003eChapter 9 Is It “Good Enough”? 103\u003c\/p\u003e \u003cp\u003eChapter 10 Alternatives to Engaged Ownership 107\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart: III Practicing Engaged Ownership\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 11 Forums 117\u003c\/p\u003e \u003cp\u003eChapter 12 Allocating Power among Owners, Board, and Management 125\u003c\/p\u003e \u003cp\u003eChapter 13 Working with Other Forums 135\u003c\/p\u003e \u003cp\u003eChapter 14 Meetings 145\u003c\/p\u003e \u003cp\u003eChapter 15 Policies 153\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart: IV Three Challenges: Hats, Trusts, and Outside Investors\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 16 When an Owner Also Runs the Enterprise 161\u003c\/p\u003e \u003cp\u003eChapter 17 When an Owner Is Also a Trustee 171\u003c\/p\u003e \u003cp\u003eChapter 18 Bringing in Outside Investors 179\u003c\/p\u003e \u003cp\u003eChapter 19 Epilogue 185\u003c\/p\u003e \u003cp\u003eAppendix A Sample Decision Grid 189\u003c\/p\u003e \u003cp\u003eAbout the Author 195\u003c\/p\u003e \u003cp\u003eIndex 197\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAMELIA RENKERT-THOMAS\u003c\/b\u003e jointly founded Withers Consulting Group, an award-winning international family-business consultancy. She works with families and enterprises of all shapes and sizes, from entrepreneurs coping with the consequences of liquidity events to large multi-generational families with highly sophisticated business and investment structures. She helps families to design tailored governance structures, create more effective board structures, form and govern family offices, set up shareholder councils, and make trusts more—functional.\u003cbr\u003eHer understanding of the complexities family businesses face stem not only from her consulting work but also from her own family background. She is the former President of Ironrock, Inc., her family's fifth generation manufacturing business, and the granddaughter of the founder of Fisher Price Toys.\u003cbr\u003eAmelia's consulting work fills a void between family dynamics and management consultancy. Her work reduces and manages the conflicts that can be created by structures of ownership, such as voting and non-voting shares, trusts, partnerships, and foundations, all of which are very familiar to Amelia as a trained lawyer. Her work on ownership has been referred to as \"the missing piece of the puzzle\" for family businesses.\u003cbr\u003eBecause of her mix of personal and professional experience, Amelia is often asked to comment in the press and provide consulting and training for families and family business advisers alike.\u003c\/p\u003e \u003cp\u003eAs Baby Boomers retire in record numbers, business founders and entrepreneurs worldwide face the challenging task of transferring ownership of privately held enterprises to their children. \u003ci\u003eEngaged Ownership\u003c\/i\u003e offers owners and successors alike a new way to approach ownership of the family business. The time-tested process inside gives you hands-on tools for growing core capital, including how to manage the transfer from controlling owner to shared ownership with minimized risk, while inspiring a sense of teamwork to sustain success for future generations.\u003c\/p\u003e \u003cp\u003eExclusive guidance from the recognized authority on family business governance and succession lets you act with confidence as you:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eLearn to work effectively with your fellow owners, management, and the board of directors\u003c\/li\u003e \u003cli\u003eGet everyone on the same page in terms of vision and direction\u003c\/li\u003e \u003cli\u003eUnderstand and manage the unique challenges that arise when a managing owner, trust, or outside investor is part of the ownership group\u003c\/li\u003e \u003cli\u003ePractice the actionable steps owners must take to develop and maintain engagement\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eEngaged Ownership\u003c\/i\u003e offers families and their advisors a road map for integrating owners into the decision-making fabric of the company to carry on the family's legacy, vision, and strategic direction.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989135180005,"sku":"NP9781119171133","price":37.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119171133.jpg?v=1761782938","url":"https:\/\/k12savings.com\/products\/engaged-ownership-isbn-9781119171133","provider":"K12savings","version":"1.0","type":"link"}