Books & CD’s

LOVE, POWER & MONEY:

Family Business Between Generations

(2001) by Dean Fowler with Peg Masterson Edquist

How similar are problems faced by families who work in business together? More often than not, family businesses throughout the world share common problems as they work to create a successful business without destroying the family. In Love, Power & Money: Family Business Between Generations authors Dean Fowler and Peg Masterson Edquist share the stories of countless businesses run by generations of families. Through the use of family business stories, the authors explore the powerful emotional forces unleashed in the running of a family-owned business.

The chapters cover topics ranging from family dynamics, to employment strategies, business plans, and management and estate succession methods. By sharing the unique solutions that these families implemented, the book helps other families in business find the balance among love, power and money in order to master the complexities of family business transitions. The solutions show that healthy family relationships coupled with a strong business produce an enduring and successful family business, generation to generation.

Reviews:
“At last, here is a book that holds up a mirror to the reader. No one can read these cases without relating to and empathizing with these families and their stories: how they each grappled with the common dilemmas and challenges that must be faced when you own a family business. The most important theme runs like an artery through every case: healthy, adult family relationships and a strong business lead to successful family businesses generation after generation.” Barbara Murray, PhD Past Editor in Chief — Families In Business Magazine

“Fowler’s enlightening case studies are likely to resonate with many readers.” — Barbara Spector, Family Business Magazine

“This book has given me the inspiration and the language I need to talk with my father about succession planning, his philosophy on business and family, and his personal expectations of his six children, and particularly, of me.” Vesla Bemis – Bemis Manufacturing Company

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Successful Habits of Family Business Successors

(2004) by Dean Fowler (Audio CD)

Hear a sample from the CD: Click Here (3.99 MB – mp3)

For successful transitions in family businesses, the successors must take the initiative taking a pro-active role in transition planning. With life expectancy now approaching the mid-eighties, statistics reveal that the real challenge for family businesses is not ownership transition at death, but rather management succession before the senior generation retires. Next-generation leaders who have been successful in making the transition to the presidency know that the most important element in their success was their willingness to be proactive, rather than reactive, in their approach to succession.

The successor needs to be comfortable with developing his or her own game plan and alternative approaches to issues and problems. The proactive approach enables family members to be confident that the successor has the leadership and management ability to find solutions, rather than just complain about problems. In this professionally mastered and edited CD of a presentation made at the University of Wisconsin, Dean Fowler uses case examples to describe the habits of these pro-active successors based on his over twenty-five years of leading round-table peer groups for successors in family businesses – his Forums for Family Business.

Review:

“Dean Fowler’s presentation – “Successful Habits of Highly Successful Successors” – to the UW-Madison Family Business Center was exceptionally well-received by the program attendees based on about 100 evaluations completed by the 125 attendees. His educational presentation was interestingly infused with anecdotes based on his years of family business consulting and leading successor groups. Dean Fowler’s program on succession planning speaks loudly to the succeeding generation – a perspective that is less commonly presented. I highly recommend this presentation to everyone”. Ann Kinkade, Past Director UW-Madison Family Business Center

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* After placing your order for the MP3 version, you will receive an email with instructions for downloading the MP3 files.


Proactive Family Business Successors

Proactive Family Business Successors

(2011) by Dean Fowler

Seventy percent of all family businesses fail to make the transition of ownership and management from the first generation to the second generation. In this eBooklet I focus on the success rate. Through my research I have identified the common characteristics of successful successors. This eBooklet is an edited transcription of a seminar titled “Successful Habits of Family Business Successors” that was delivered to the Family Business Center of the University of Wisconsin-Madison at the Fluno Center for Executive Education.

Next-generation leaders who have been successful in making the transition to the presidency know that the most important element in their success was their willingness to be proactive, rather than reactive, in their approach to succession. The successor needs to be comfortable with developing his or her own game plan and alternative approaches to issues and problems. The proactive approach enables family members to be confident that the successor has the leadership and management ability to find solutions, rather than just complain about problems. Dean Fowler uses case examples to describe the habits of these pro-active successors based on his over twenty-five years of leading round-table peer groups for successors in family businesses – his Forums for Family Business.

Review:

“Dean Fowler’s presentation to the UW-Madison Family Business Center – now transcribed as “Proactive Family Business Successors” – was exceptionally well-received by the program attendees based on about 100 evaluations completed by the 125 attendees. His educational presentation was interestingly infused with anecdotes based on his years of family business consulting and leading successor groups. Dean Fowler’s program on succession planning speaks loudly to the succeeding generation – a perspective that is less commonly presented. I highly recommend this presentation to everyone”. Ann Kinkade, Past Director UW-Madison Family Business Center

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Family Business Success Factors

Family Business Success Factors

(2011) by Dean Fowler with Peg Masterson Equist

This eBooket is a collection of short articles based on the stories of the families featured in our full-length book – Love, Power and Money: Family Business Between Generations. We have organized the articles around four major categories: Transforming Communication, Enhancing Leadership, Creating Strategies, Building Responsible Ownership.

Seventy-percent of all family business transitions fail. What to successful families do to beat these odds? We carried out a research project with over 100 successful family businesses, and through our study identified twelve critical success factors for families-in-business. The twelve factors fall into four major categories defining these success factors:

  • Transforming Communication: Family Culture, Career Satisfaction, and Family Relationships
  • Enhancing Leadership: Successor Development, Successor Competency, and Compensation Standards
  • Creating Strategies: Business Structure, Non-Family Management and Business Strategy
  • Building Responsible Ownership: Management Succession, Financial Planning and Tax Planning

You may also evaluate how well your own family business is doing against these twelve success factors by completing The Legacy Roadmap Process.

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