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Book Review: How to Make the Transition from an Entrepreneurship to a Professionally Managed Firm

Book Review: How to Make the Transition from an Entrepreneurship to a Professionally Managed Firm How to Make the Transition from an Entrepreneurship to a Profes­ sionally Managed Firm, by Eric G. Flamholtz, San Francisco: Jossey-Bass Publisher, 1986, 231 pp., $21.95. What do entrepreneurs do with their firm after a successful and brilliant begin­ ning? Literature has recorded some classic examples of the founding entrepre­ neur's meteoric success but equally meteoric failure. What happens to the firm once it becomes established? Is there only one alternative for the founding entre­ preneur? Will the well known fate of Apple Computer's Steven Jobs and Com­ modore's Jack Tramiel happen to all founding entrepreneurs if they are truly successful? Can the entrepreneur make the transition from entrepreneurship to a professionally managed organization? Eric G. Flamholtz offers a strategy for all founding entrepreneurs who want to help their firm make the transition from a start-up firm to a professionally man­ aged firm. This book operationalizes the transitional process by using models for organizational task development and stages of organizational growth to explain what the firm must do to successfully grow and make each necessary transition without experiencing failure. The book shows business owners and managers how to manage their compa­ nies throughout every phase of development. The author http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png American Journal of Small Business SAGE

Book Review: How to Make the Transition from an Entrepreneurship to a Professionally Managed Firm

American Journal of Small Business , Volume 11 (4): 2 – Apr 1, 1987

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Publisher
SAGE
Copyright
© 1987 SAGE Publications
ISSN
0363-9428
eISSN
1540-6520
DOI
10.1177/104225878701100405
Publisher site
See Article on Publisher Site

Abstract

How to Make the Transition from an Entrepreneurship to a Profes­ sionally Managed Firm, by Eric G. Flamholtz, San Francisco: Jossey-Bass Publisher, 1986, 231 pp., $21.95. What do entrepreneurs do with their firm after a successful and brilliant begin­ ning? Literature has recorded some classic examples of the founding entrepre­ neur's meteoric success but equally meteoric failure. What happens to the firm once it becomes established? Is there only one alternative for the founding entre­ preneur? Will the well known fate of Apple Computer's Steven Jobs and Com­ modore's Jack Tramiel happen to all founding entrepreneurs if they are truly successful? Can the entrepreneur make the transition from entrepreneurship to a professionally managed organization? Eric G. Flamholtz offers a strategy for all founding entrepreneurs who want to help their firm make the transition from a start-up firm to a professionally man­ aged firm. This book operationalizes the transitional process by using models for organizational task development and stages of organizational growth to explain what the firm must do to successfully grow and make each necessary transition without experiencing failure. The book shows business owners and managers how to manage their compa­ nies throughout every phase of development. The author

Journal

American Journal of Small BusinessSAGE

Published: Apr 1, 1987

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