Merit or Inherit: How to Approach Succession in a Family Business

By Josh Baron, Senior Lecturer at Harvard Business School and Co-Founder/Senior Advisor at BanyanGlobal

Originally published on HBR.org, September 12, 2022.

This article, “Merit or Inherit: How to Approach Succession in a Family Business,” written by Josh Baron, Senior Lecturer at Harvard Business School and Co-Founder/Senior Advisor at BanyanGlobal, and originally published by HBR.org, describes a path to succession using a blend of both the “merit model” and the “inherit model.” Using both models is far more likely to set the next generation of family members up to succeed.