The Power of Inclusion in Family Business
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- About
Nothing but good ownership makes long-lasting family companies. Yet, during our international consulting, research, and teaching engagements, we have encountered many ill-equipped next generation owners or owners-to-be, especially among women. We coined this phenomenon 'the daughters' inclusion challenge'.
The Power of Inclusion in Family Business is a guide for grooming the next generation of responsible women owners, so they can thrive, achieve, and become leaders and wealth stewards in their multigenerational family businesses and family offices. We aspire to help enterprising families come across the power of including valuable women pertaining to the business-owning family in the family firm management, governance, ownership, and investment structures.
In this book, outstanding global family business scholars and practitioners from 10 different countries, come together to serve a common purpose: provide novel insights, gender sensitive-consulting practices and culturally-adapted recommendations to advance the daughters' inclusion challenge and to shape a more inclusive family-in-business and family firm environment.
Foreword; Pramodita Sharma
- Introduction. The daughters' inclusion challenge; Rosa Nelly Trevinyo-Rodríguez and Miguel Ángel Gallo
- Part I. Love, Learning and Freedom: Enabling women to THRIVE in the family business
- Chapter 1. Are you ready to serve on your family business board? Women directors' governance succession insights; Rosa Nelly Trevinyo-Rodríguez and Miguel Ángel Gallo
- Chapter 2. Inclusive survival and innovation through householding: interpreting narratives of a Japanese family firm; Hikari Akizawa
- Chapter 3. Where did all the free family firm labor go? Women's changing role and inclusion in the U.S. economy; Eric R. Kushins and Myriam Quispe-Agnoli
- Chapter 4. Negotiation, women and family business: challenges & strategies; Kandarp Harsiddh Mehta
- Part II. Acceptance, Confidence and Collaboration: Enabling women to ACHIEVE in the family business
- Chapter 5. The social sharing of emotions and threatened identities in family businesses: common challenges and women's disadvantages; Ethel Brundin and Markus Plate
- Chapter 6. Building our understanding of daughters' inclusion in the family business succession process; Christina Constantinidis, Teresa Nelson, and Issaka Oumarou Harou
- Chapter 7. Women in family enterprise: understanding the unique ownership challenges of daughters in business families; Neus Feliu and Ivan Lansberg
- Part III. Collegiality and Co-Evolution: Enabling women to BECOME leaders and stewards
- Chapter 8. Combining the masculine and the feminine in family business: a case study on inclusive, shared leadership in a second-generation family firm; Salvatore Tomaselli
- Chapter 9. Women’s experiences in building trust in single-family office activities: a stewardship theory perspective; Marjo Miettinen and Matti Koiranen
- Chapter 10. Creating dynasties: women inclusion in single-family offices around the world; Hung-bin Ding, Kelsey Hahn, Rosa Nelly Trevinyo-Rodríguez, and Miguel Angel Gallo
- Conclusion. Family business inclusive trends; Rosa Nelly Trevinyo-Rodríguez and Miguel Ángel Gallo
- Epilogue; Ernesto J. Poza
Through facts, professional experiences and rigorous research, this easy-to-read book stands as a ground-breaking contribution to the family business field and practice, highlighting how women owners' inclusion is strategic, profitable and harmonizing. A must read for families-in-business and their family firms' executives, board members and advisors.
Smart and extremely timely! Rosa Nelly and Miguel Ángel remind us of our responsibility, as entrepreneurs, to be involved in understanding and addressing correctly issues like inclusion, equity and diversity. Smart, extremely timely and brilliantly supported by great family business experts, this book leads us into a more inclusive environment.
The Power of Inclusion in Family Business provides an insightful roadmap for implementing diversity and genuine inclusion in family-owned businesses. The book guides us on how companies should prepare its next generation female leaders, shining a light on recognizing and consciously involving daughters in the succession line. More than a trend, diversity and inclusiveness are major assets for family enterprises to thrive and survive in a fast-changing world.
Using a precise, powerful and simple language, this book is a practical guide not only for planning and implementing family business succession processes but also, and more importantly, to prepare daughters for occupying leadership positions in their family-owned firms. Female next generation members will find in this text a description of what is expected of them as potential responsible business owners and a roadmap to achieve it.
The Power of Inclusion in Family Business offers an especially interesting view on the role of family business most trusted advisors, who by means of well-thought, gender sensitive mentoring processes, can help families-in-business train and empower next gen women owners so they can achieve the necessary moral authority to influence consensus building about what is reasonable, legitimate, beneficial and authentic for the family enterprise.
This wonderful collection of essays on women in business families is a new reference in the family business field. Truly insightful and impactful, this is a must read for members of business families, advisors, and scholars alike.
This book is an outstanding collection of equity and inclusion research in family firms, being a valuable guide book for practitioners. The Power of Inclusion in Family Business addresses critical, family and business-related issues that influence and shape the sustainability of 21st century family companies.
Rosa Nelly Trevinyo-Rodríguez, is CEO of Trevinyo-Rodríguez; Associates (Mexico, Spain, Italy, USA), Founding Director of the countrywide Tec de Monterrey Family Business Center, Former Holder of the ITESM Family Business Research Chair, Author of the bestseller Family Business: A Latin-American Perspective (Spanish), Visiting Professor of numerous Universities around the world, Most Trusted Advisor and Board Member of leading Family-Owned Companies and Family Offices.
Miguel Ángel Gallo, is Emeritus Professor of General Management at IESE Business School, Spain, where he served as Full Professor (1975-2003) and IESE PhD Program Director (1980-1990). He was Founding Director and Chairman of the first Family Business Chair in Europe (from 1987 until September 2003). He is fellow of the Royal European Academy of Doctors, the Strategic Management Society, Honorary President of IFERA and Board Member of prominent Family Firms.