From small start-ups to giant multinationals, from the Mom-and-Pop-owned barbershop to Ford Motor Company, family owned businesses continue to dominate the world economy. Regardless of size, running a successful family firm presents unique challenges, and many fail to survive the transition from one generation to the next. Here is a practical, comprehensive guide to ensuring success through effective strategic planning. The authors provide a wealth of tested, easy-to-follow tools and techniques for mastering strategic planning for family-owned firms. Filled with real world examples, case studies, checklists and planning worksheets, the book shows how to deal with a host of emerging challenges –from new technologies to global markets– by integrating family values and dynamics into sound planning and management.