Family businesses are an extraordinary force in the global economy, and they are blessed with a number of virtues that enhance their performance. At the same time, they suffer from an array of potential vices. In the global marketplace, the stakes are high: to excel, family businesses will need to embrace best practices in strategy and strategic management.. They will need to resist the vices, capitalize on the virtues, and engineer the foundations for generations of growth and prosperity. This book is a hands-on primer on how to develop practical strategy to enhance competitive position and stakeholder satisfaction--particularly in the context of family business. The principles and tools presented are universal, and successful businesses anywhere will profit from understanding and using them. Practical Strategy for Family Business balances the best of contemporary theory with timely examples from Fortune 500 corporations and other family businesses from the authors' substantial client portfolio. - from Amzon