DENNIS T. JAFFE, PHD, has, for the past 40 years, been one of the leading architects of the field of family enterprise consulting. As both an organizational consultant and clinical psychologist, he helps global multi-generational families develop governance practices that build leadership in succeeding generations and ensure financial stability. His work with families helps inform his training of financial advisors and wealth managers about the knowledge and skills needed to serve their client families. He is an acclaimed speaker and workshop leader in programs for business families and financial service firms. He has written several books that guide business families in working together to build thriving enterprises. His website is www.dennisjaffe.com.

• Foreword: Rice Paddy to Rice Paddy xvPreface xxiPart One The Wisdom of Generative Families 1Chapter 1 Learning from the Best: Researching Long-Term Family Enterprises 3Chapter 2 Creating a Great Family: The Virtuous Circle of Family and Business 19Chapter 3 The Social History of Family Dynasties 35Part Two The Evolution of the Resilient Family Enterprise 59Chapter 4 The First Four Generations 61Chapter 5 Business Resiliency: Common Transformations Along the Path 87Chapter 6 The Generative Alliance: Building and Sustaining a Values-Based Culture 113Chapter 7 Corporate Social Responsibility: Changing the World from Local to Global 151Chapter 8 Owners’ Mindset: Stewardship and the Board of Directors 177Part Three Inside the Family: Family Governance to Create a Great Family 199Chapter 9 The Family Tribe: Creating Purposeful Extended Family Community Beyond the Enterprise 201Chapter 10 Governance: Organizing the Interconnection of Family and Business 215Chapter 11 The Family Council: Conducting the Work of the Family 237Chapter 12 The Family Constitution: Governing Document of the Generative Family 259Part Four The Rising Generation: Sustaining the Future 283Chapter 13 Releasing the Potential of the Rising Generation: How to Develop Capable Successors 285Chapter 14 Family as a Cross-Generational Learning Community 309Chapter 15 Family Philanthropy: Balancing Roots and Wings 333Chapter 16 Reflections on the Economic and Social Future of Family Enterprise 351Appendix: Tools for Families (and Advisors) 357About the Author 361About the Research Team 365About Wise Counsel Research Associates 369Acknowledgments 371Index 373

DENNIS T. JAFFE, PHD, has, for the past 40 years, been one of the leading architects of the field of family enterprise consulting. As both an organizational consultant and clinical psychologist, he helps global multi-generational families develop governance practices that build leadership in succeeding generations and ensure financial stability. His work with families helps inform his training of financial advisors and wealth managers about the knowledge and skills needed to serve their client families. He is an acclaimed speaker and workshop leader in programs for business families and financial service firms. He has written several books that guide business families in working together to build thriving enterprises. His website is www.dennisjaffe.com.

• Foreword: Rice Paddy to Rice Paddy xvPreface xxiPart One The Wisdom of Generative Families 1Chapter 1 Learning from the Best: Researching Long-Term Family Enterprises 3Chapter 2 Creating a Great Family: The Virtuous Circle of Family and Business 19Chapter 3 The Social History of Family Dynasties 35Part Two The Evolution of the Resilient Family Enterprise 59Chapter 4 The First Four Generations 61Chapter 5 Business Resiliency: Common Transformations Along the Path 87Chapter 6 The Generative Alliance: Building and Sustaining a Values-Based Culture 113Chapter 7 Corporate Social Responsibility: Changing the World from Local to Global 151Chapter 8 Owners’ Mindset: Stewardship and the Board of Directors 177Part Three Inside the Family: Family Governance to Create a Great Family 199Chapter 9 The Family Tribe: Creating Purposeful Extended Family Community Beyond the Enterprise 201Chapter 10 Governance: Organizing the Interconnection of Family and Business 215Chapter 11 The Family Council: Conducting the Work of the Family 237Chapter 12 The Family Constitution: Governing Document of the Generative Family 259Part Four The Rising Generation: Sustaining the Future 283Chapter 13 Releasing the Potential of the Rising Generation: How to Develop Capable Successors 285Chapter 14 Family as a Cross-Generational Learning Community 309Chapter 15 Family Philanthropy: Balancing Roots and Wings 333Chapter 16 Reflections on the Economic and Social Future of Family Enterprise 351Appendix: Tools for Families (and Advisors) 357About the Author 361About the Research Team 365About Wise Counsel Research Associates 369Acknowledgments 371Index 373

DENNIS T. JAFFE, PHD, has, for the past 40 years, been one of the leading architects of the field of family enterprise consulting. As both an organizational consultant and clinical psychologist, he helps global multi-generational families develop governance practices that build leadership in succeeding generations and ensure financial stability. His work with families helps inform his training of financial advisors and wealth managers about the knowledge and skills needed to serve their client families. He is an acclaimed speaker and workshop leader in programs for business families and financial service firms. He has written several books that guide business families in working together to build thriving enterprises. His website is www.dennisjaffe.com.

• Foreword: Rice Paddy to Rice Paddy xvPreface xxiPart One The Wisdom of Generative Families 1Chapter 1 Learning from the Best: Researching Long-Term Family Enterprises 3Chapter 2 Creating a Great Family: The Virtuous Circle of Family and Business 19Chapter 3 The Social History of Family Dynasties 35Part Two The Evolution of the Resilient Family Enterprise 59Chapter 4 The First Four Generations 61Chapter 5 Business Resiliency: Common Transformations Along the Path 87Chapter 6 The Generative Alliance: Building and Sustaining a Values-Based Culture 113Chapter 7 Corporate Social Responsibility: Changing the World from Local to Global 151Chapter 8 Owners’ Mindset: Stewardship and the Board of Directors 177Part Three Inside the Family: Family Governance to Create a Great Family 199Chapter 9 The Family Tribe: Creating Purposeful Extended Family Community Beyond the Enterprise 201Chapter 10 Governance: Organizing the Interconnection of Family and Business 215Chapter 11 The Family Council: Conducting the Work of the Family 237Chapter 12 The Family Constitution: Governing Document of the Generative Family 259Part Four The Rising Generation: Sustaining the Future 283Chapter 13 Releasing the Potential of the Rising Generation: How to Develop Capable Successors 285Chapter 14 Family as a Cross-Generational Learning Community 309Chapter 15 Family Philanthropy: Balancing Roots and Wings 333Chapter 16 Reflections on the Economic and Social Future of Family Enterprise 351Appendix: Tools for Families (and Advisors) 357About the Author 361About the Research Team 365About Wise Counsel Research Associates 369Acknowledgments 371Index 373