Category Archives: Succession Planning

Pay for Succession?

When most family businesses hear the phrase, “you will pay for succession,” they likely think it means that there will be pain associated with the process of transitioning from one generation to the next. I’m here to suggest another, more … Continue reading

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Leadership Transitions – The Power of a Date

Are you developing a successor for your position, with the objective of transitioning out in the foreseeable future? If so, you have likely experienced the apprehension and emotion associated with that process. We have worked with leaders who identify a … Continue reading

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Managing Change Successfully Means Changing Behavior Permanently Part 4 of 4

At the heart of a discussion about recognizing complexity and managing change in organizations is how to help people shift their behavior in positive ways – hopefully improving their own productivity and increasing the level of their own commitment as … Continue reading

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Managing Change Toolkit: Appreciative Inquiry Part 3 of 4

In keeping with the theme of change and complexity, it is well known that families who own and operate successful enterprises manage both of those at the same time and, it may seem, all the time. It isn’t enough to … Continue reading

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Siblings to Cousins: Fear not the Larger Group

Many families are daunted by the task of transitioning from a relatively small sibling stage to a larger and more complex cousin stage. However, there are advantages to the larger cousin group that may not be readily apparent, for example: … Continue reading

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Provide Next Generation Experience Without Risking the Entire Enterprise

So, if as we discussed in our last post next generation “heirs apparent” need real P&L experience how can this happen in a way that helps everyone develop confidence without putting the entire enterprise at risk? The answer, of course, … Continue reading

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Your Children Need an Opportunity to Fail

I am often struck by how difficult it is for brilliantly successful people to achieve their ultimate goal – seeing the business they worked so hard to build continue in their family.  Sometimes the very person who has dreamed so … Continue reading

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Two Interesting Family Business Lessons from the Holy Land…

  Did you know that it is a Muslim family that holds the key to one of the most sacred churches in Christianity?  Further, did you know that they have been fulfilling the obligation of opening and closing this church … Continue reading

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“Someday This Will Be Yours”

The ability to carry on a successful intergenerational transfer of ownership and leadership is one of the most important and difficult issues facing a family business. One metaphor for succession is the firefly. They flicker brightly for a period of … Continue reading

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Family Owners and/or Managers?

by John L. Ward 52% say that the next generation will be owners and managers 24% say next generation family will own but not manage 7% are currently owned by family but not managed by family A recent survey[1] by … Continue reading

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