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Rather than having to choose between the family and the business, the authors argue that if family-owned businesses can consciously manage and over time, perhaps, synthesize these contradictions, the Family Enterprise will have a long-term strategic and competitive advantage and the family will remain committed to continuity.

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Preface Introduction - Appreciating Both Paradox Capacity And Capability Problems Are Not All The Same Prospering In The Face Of Ambiguity Capture The Inherent Tension What Lies Ahead Part 1-Acknowledging Both - Where Is Your Family Business´s Current Focus - Family Or Business? 1 - Which To Choose: Family Or Business? To Choose Or Not To Choose Choose Both Family And Business Intersection Paradox Of Individual And Collective Individual And Collective In Action Celebrating Paradox At Beretta Assessment Summary 2 - Tradition And Change In Family Firms The Godrej Group: Model Of Tradition And Change Distinctive Time Orientation Complex Successor Dilemmas Internally Driven Strategy Enduring Values Tradition And Change At Beretta Part II-Identifying Both 3 - Predictable Paradoxes Across The Generations Generational Oscillation Predictable Paradoxes: Founder Stage Predictable Paradoxes: Sibling Partnership Stage Predictable Paradoxes: Cousin Collaboration Stage The Enterprising Family Generational Paradoxes: Final Analysis 4 - Predictable Conflicts In The Intersections From Two Systems To Three Problem - Conflict - Contradiction - Paradox Understanding The Intersections Family - Management Conflicts Management - Ownership Conflicts Ownership - Family Conflicts Governance Structures Intersections: Final Analysis Part III - Managing Both 5 - A Continuum For Addressing Paradoxes Either/Or - Both/And The Paradox Management Continuum Family Employment On The Continuum The Art Of Paradox Management Cycle Of Renewal And Benefit 6 - One Key Tool: The Polarity Map(TM) Anna´s Family Business And Polarity Mapping The Continuum And The Map Another Polarity Map(TM): Family Councils Step-By-Step Through The Polarity Map(TM) Final Reflections Part IV -Achieving Both 7 - Experience The Power Of Paradox Sources Of Continuity Culture Unlocks The Power Of Paradox From Implicit To Explicit A Look Toward Fusion Appendices Appendix A: Historical Perspective On Paradox Appendix B: Paradoxes In Business Literature Appendix C: Family First - Business First Assessment Appendix D: More On Polarity Maps(TM) Notes Index

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