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Contents Foreword by Dr. Stephen R. Covey Preface Acknowledgments List of Abbreviations Introduction chapter

1

2 

3  4  5

113

6 

the sixth element

 ligning the Culture of the Family Business A with the Company Vision

chapter

87

the fifth element

Grooming the Family-Member Successor chapter

59

t h e f o u rt h e l e m e n t

Selecting the Family-Member Successor

chapter

31

the third element

Compensating Family-Member Employees

chapter

7

the second element

Hiring and Firing Family-Member Employees

chapter

1

the first element

Creating and Sharing Personal Vision Statements chapter

xi xv xvii xix

143

7 

the seventh element

 Addressing Spousal Business Partners’ Multiple Role Challenges

173 ix


x

contents

chapter

8 

the eighth element

Recruiting, Retaining, and Inspiring Non-Family-Member Employees in a Family Business

chapter

9 

199

the ninth element

Transitioning Ownership to Family Members

229

Conclusion

261

Appendix

263

Glossary

271

Index

273

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10793i  
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