|
|
|
A practical guide for owners, helping to foster best practice in family businesses. Succession is the greatest long-term challenge that most family businesses face. Owners' willingness to plan for their succession (both ownership and management) is often the key factor determining whether their business survives or fails. Psychological and cultural pressures stack the odds against passing the business down to the next generation. Fear of mortality, reluctance to let go of power, and worries about seeming to prefer one child at the expense of another are just a few examples of complex forces favouring avoiding the succession issue and adopting the "do nothing" option. Overcoming these obstacles – and achieving a balance among the different interests of owners, the enterprise itself, and the family – requires a well-structured and systematic approach to succession planning. Transitions must pass through six distinct stages, all of which need careful planning and management. This IFB guide encourages and explains succession planning, and provides a practical framework of effective strategies for managing the transition.
| ISBN | 0955189845 | | Volumes | 1 | | ISBN13 | 9780955189845
(What's this?) | | Published in | London | | Publisher | Institute for Family Business (UK) | | Published in | UK | | Imprint | Institute for Family Business (UK) | | Height (mm) | 210 | | Format | Paperback | | Width (mm) | 147 | | Publication date | 01 Oct 2008 | | Academic level | Professional / Scholarly | | Pages | 61 | |
|
| |
|
|
|
|
|
Enlarge
