Succession is a challenge the world over and covers both the areas of management and ownership as well as the transition from one generation to the next which needs careful planning and consideration to minimise the potential affects.
A good insight into some of the challenges facing family firms and the family dynamics that promote smooth transfer to the next generation. Forty years...
Hiring non-family executives helps ensure longevity, but it requires strategic finesse. Next-generational succession is one of the main challenges facing family businesses globally today. Owner-managers...
Morten Bennedsen takes a look at family business longevity, some of the challenges and the need for owners to step back. Too much centralised control puts...
The ability to carry on a successful intergenerational transfer of ownership and leadership (succession) is one of the most important issues facing a family business....
Two years after her parents passed away, 63-year- old Alice Tazzi* found herself in a frustrating situation. As with several other recent efforts, she was...
Succession is arguably the most important decision you’ll face as a family business owner. Getting it right will help ensure your firm’s longevity; getting it...
Succession planning is always on the family business agenda. However, it can be one of the hardest conversations to have because it involves people letting...
Morten Bennedsen, INSEAD Professor of Economics and Political Science shares some lessons from the UK’s oldest privately owned bank, which has been in the same...
