Tag: family business succession planning

Renewing the Empire: A Family Firm's Succession and Refit Journey

While the global business environment is forever changing, family firms often stand for longevity and stability -- and stable, long-term management is a key strategic element in their performance Read more

Should Former Leaders Stay Involved in the Family Firm?

For many family business owners, thinking about succession can be challenging. It’s a lengthy process, and filled with questions and activities that seem daunting initially. However, it is Read more

When Is a Family Business Leader Too Old?

Recent events in the US Presidential race have focused people around the world on the topic of leadership and age. When is a leader, whether of a country or a business, too old to do the job? When Read more

How Founders Can Stay Relevant When the Next Gen Takes Over

When it's time for a family business to have a new generation of leadership, it's often difficult for the first-generation founder let go. Founders, justifiably proud of the businesses they have Read more

Family Business Succession: Your Questions Answered

If you watch television or read the business pages, you already know that little or no succession planning at family businesses can lead to devastating consequences: back-stabbing, lawsuits, Read more

A Charismatic Family Business Founder Can Be a Tough Act to Follow

For all kinds of companies including family businesses, a charismatic founder or leader can bring profound benefits, especially if he or she is well-liked. It can boost sales and make it easier to Read more

Better Let Your Brother Do It: Men Are Still Preferred in CEO Successions

Many business owners do not like to think about succession – it means confronting their own mortality – but at some point, every family business must deal with succession planning (Ahrens, 2020). Read more

Succession, Money, and Relationships Were Top-10 Topics in 2023

FamilyBusiness.org aspires to be the #1 peer-reviewed resource for thought leadership in family business for owners and leaders, students, and professors. To achieve this goal, we are building a Read more

Family Business Patriarchs and Matriarchs: When Is It Time to Move On?

Successfully handing over a family business to the next generation of leaders requires both careful planning and exquisite timing. The next generation must be competent enough for leadership and the Read more

Master Three Perilous Stages of Family Business Transition

Succession is the biggest threat to the robust returns of family business ownership . If you don’t master the three perilous stages of transition, you risk damaging your family business and legacy. Read more