Jeffrey:Okay, Dad, so he’s your brother. But does that mean we have to put up with inferior work and an erratic schedule that we would never tolerate from anyone else in the business? Henry:I know you’re responsible for our Quality Program, but how can I get you to understand? Jeffrey:Not only doesn’t he […]
The typical tenure of a CEO in a family business is close to 20 years, more than double that of a non-family business. And while many family business CEOs love what they do, have a deep sense of stewardship and are eager to train their successors, there are others who feel trapped. For them, it’s […]
We’re frequently asked, “When should we start planning for leadership succession?” Our answer is one word: “Now.” The potential for conflict in the transfer of leadership from one generation to the next is too great to leave planning to the last minute. What stops senior leaders from laying the groundwork for this transition? Most […]