Recent surveys have unveiled a resounding consensus among family business leaders: the imperative to explore untapped territories ranks among the top priorities for strategic evolution.
The article, “Why Next-Gen Leadership Transitions Fail,” describes how full buy-in and holistic commitment to a solid succession plan are essential for success. Denise Federer explains how trust, cooperation from all parties, and transparency will help ensure a smooth transition.
The article, “Preparing the Next Generation: Is it really necessary to work outside of the family firm?” the author discusses the typical advice of requiring next generation leaders to work outside of the family firm for external experience.