The Essential Roadmap: Navigating Family Enterprise Sustainability in a Changing World

Dr. Fredda Herz Brown’s latest book, The Essential Roadmap: Navigating Family Sustainability in a Changing World, helps readers to navigate the twists and turns of successfully sustaining a family-owned enterprise. Using extensive data collected over 14 years working with colleagues and clients using her firm’s primary research tools including The Family Enterprise Sustainability Index, Ms. Herz Brown’s book deeply examines five dimensions of sustainability attributed to successful enterprising families:1.Family Legacy and Connection2.Governance Structure and Processes3.Financial Accountability and Management4.Human Capital and Leadership Development 5.Generosity and Gratitude Delving deeply into the generational conflicts that can arise when families of wealth are both emotionally and financially invested in a family enterprise, Fredda sheds light on the paths that enterprising families can follow to maintain healthy family relationships and create an atmosphere in which their family-owned enterprises can flourish and grow for generations to come.“It is critically important to understand and balance the needs of a family’s emotional and economic well-being during generational transitions of ownership,” said Herz Brown. “As families of wealth grow in size and complexity, sometimes spanning as many as four living generations, it becomes ever more difficult to maintain the familial connections necessary to ensure a healthy dynamic.”To see what others are saying about Fredda's new book or to learn more about Relative Solutions, please visit us at www.relative-solutions.com.