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Book Review: Keeping the Family Business Healthy: How to Plan for Continuing Growth, Profitability, and Family Leadership

Several books examining family business published in the past 25 years may legitimately be labeled seminal. Some of our earliest exposures were through autobiographies and biographies of well-known families: the Rothschilds, DuPonts, Fords, and others. Consultants such as Léon Danco, Gerald Le Van, and David Bork wrote books describing their observations and recommendations, giving readers perspectives on the relationships between families and their enterprises. In 1987, John Ward was among the first to produce a guide for family firms that was derived from a research base. Keeping the Family Business Healthy: How to Plan for Continuing Growth, Profitability, and Family Leadership proved to be influential to both practitioners and scholars, being reissued and updated. As we track the evolution of the field, other authors have also been influential. Generation to Generation: Life Cycles of the Family Business by Kelin Gersick, John Davis, Marion McCollom Hampton, and Ivan Lansberg is one of the most important contributions from the 1990s, and Managing for the Long Run: Lessons in Competitive Advantage From Great Family Businesses by Danny Miller and Isabelle Le Breton-Miller helped direct researchers in new ways as we entered the 21st century. Each of these three books has been reviewed previously in Family Business Review (Aronoff, 1996; Guzzo, 1988; Sharma, 2005). In this anniversary issue, we take another look at these bodies of work and the roles they have played in advancing knowledge, including reflections by the authors. Ward and the 1980s