Succession is one of the most written about subjects in family business. It is also one of the most poorly executed. Across generations and geographies, the same patterns repeat: transition plans that...

The world is changing faster than most leadership models were built to handle. For family businesses, that creates both a particular pressure and a particular opportunity.

There is a question that sits at the heart of every family business succession, usually unasked and often unexamined: is joining the family firm a gift, or is it a weight?

When family and business collide, and they will, having the right structure around the table is not a luxury. It is one of the most valuable investments a family business can make.

12 pillars that successful family firms adopt in order to succeed for generations