This second edition of a 1992 classic reflects many more years' worth of knowledge gained in the study of family business. This edition identifies succession management problems and solutions for any family business CEO, whether the business is in its first or second or third generation, or beyond. This edition focuses not only on succession planning but more so on managing succession. Good succession management is like good strategic planning. Once the planning is completed, the real challenge and greatest value comes from keeping it current and implementing it.
Family Business Succession: The Final Test of Greatness, 2nd edition helps break the complex succession planning and management process into understandable pieces. In its pages you'll learn: the different types of leadership transitions; how to overcome resistance to transferring power, as well as ideals for new roles, new careers and other post-retirement activities; five pieces for good management of the succession process; to prepare your business for succession; to prepare your family for a successful transition; develop effective successors; the process of choosing a successor; how to implement succession; how to avoid common post-succession mistakes and problems; and much more...
Family Business Succession shows how to turn succession from a potentially explosive crisis into a renewed commitment to the business and the family. It is fast reading, filled with real-life cases, practical tips and 15 useful exhibits.
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'I think the Family Business Leadership Series books are excellent. They are extremely concise and practical, and they have the information you need.' - Gigi Cohen, EVP, Magrid Glove & Safety Mfg. Co., LLC, USA
'Make Change Your Family Business Tradition talks about what I see as the most important, challenging part of a family business leader's job. It focuses on key survival issues. Not everyone will agree with everything the authors say, but it raises good questions that make you re-examine and re-affirm or adjust how you lead change in your organization.' - Robert E. Don, CEO, Edward Don & Company, USA
'While each volume contains helpful 'solutions' to the issues it covers, it is the guidance on how to tackle the process of addressing the different issues, and the emphasis on the benefits which can stem from the process itself, which make the Family Business Leadership Series of Unique value to everyone involved in a family business - not just the owners.' - David Grant, Director (retired), William Grant & Sons Ltd., (Distillers of Glenfiddich and other fine Scotch whiskeys)
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