by Craig E. Aronoff, Ph.D. and John L. Ward, Ph.D.
Going from the sibling to the cousin generation is the last major transition for business owning families and many times this is the most complicated transition.
A cousin-stage business requires a completely different pattern of thought than a sibling-stage business.
This book by the authors of Making Sibling Teams Work: the Next Generation is aimed at helping cousins organize themselves and their extended family for success as a group that owns and runs a business together.
You will become knowledgeable about the key issues that cousins face, such as how to attract the most capable family members into the business leadership roles or how to develop agreement among owners who may be widely scattered in geography and opinions.
If you are a sibling owner, this book will help you create the circumstances to help your children become successful team -if it's the family's goal to continue in business together.
This is a how-to book aimed at helping the cousin generation continue working together successfully.
In From Siblings to Cousins: Prospering in the Third Generation and Beyond you'll learn:
the requirements for success;
managing the business in the cousin generation;
the art of governance in the cousin generation;
the transition issues that occur from siblings to cousins;
special challenges for cousins;
assuring continuity and success;
and much more.
When cousins set their hearts and minds to it, they can work together and give continuity to a viable business and the owning family. Transforming themselves from a disparate group of cousins who once hardly knew each other into a Cousin Collaboration will be both awe-inspiring and rewarding. From Siblings to Cousins: Prospering in the Third Generation and Beyond will show you how.
'After reading From Siblings to Cousins I felt the book had to be based on the experiences and stories from our family business. As a member of a 'Cousin Collaboration' it was amazing to read about how many similar issues family businesses face regardless of the type of business or size. For families that are in the process of succession planning from the siblings to cousins, this book is a must read.'
Peter Goldberg, President
AmTrust Bank, Cleveland Ohio
'While being concise and quite readable, 'Siblings to Cousins' thoughtfully examines the critical aspects of transitioning from a sibling- to a cousin-owned business and provides a tangible blueprint for achieving long-term family business continuity. Drs. Craig Aronoff and John Ward are among the very few authors who have the breadth and depth of experience with multigenerational family businesses required to formulate such a meaningful yet accessible framework for the issues surrounding this complex transition. As a 4th generation member of a family dedicated to the continuity of our family business, I found this book to be both insightful and useful; I would recommend it highly to anyone interested in the long term health of family businesses.'
Kent Johnson, CEO
Highlights for Children, Inc
'As one in the third generation (the cousin generation) with over 25 years of exposure to family business issues, Dr. Aronoff's From Siblings to Cousins was right on the mark. Not only did the author(s) identify the key differences between sibling and cousin generations, but he (they) also offered practical solutions to maximize family effectiveness, therefore maximizing the value of the family business.'
Executive Vice President, Marketing & Sales