Books: Three of a kind - When it's a family affair

Family feuds piling on the pressure? Work out how to resolve them with our three picks.

by MT Staff
Last Updated: 19 Aug 2013

Family Businesses: The essentials
Peter Leach
Profile Books £15.00

They're complex enough, family businesses - but what happens when great-grandchildren start squabbling? Leach, the former chairman of accountancy firm BDO's Centre for Family Business, guides us through the potential turmoils facing family firms, such as what might happen when the second and third generations get their paws on the business. At times dry, this is nevertheless a useful insight.
***

When Family Businesses are Best
Randel S Carlock and John L Ward
Palgrave Macmillan £26.00

Using anecdotes and case studies, this book explains how to balance family values with running a business. The authors have come up with a 'Parallel Planning Process' to help 'protect family harmony and grow the business'. We like the frequent case studies, which provide light relief from the advice - it can be a touch challenging at times.
**

Family Business as Paradox
Amy Schuman, Stacy Stutz and John L Ward
Palgrave Macmillan £26.00

What happens when the interests of family life clash with the needs of a business? This book tries to dispel the myth (we weren't aware there was one) that family and business don't mix. Although the prose is frustratingly academic (and eight mentions of the word 'paradox' in two paragraphs is a bit much), it could be useful. Bit of a paradox, really.
*

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