ISBN 9780875847429,Succeeding Generations

Succeeding Generations





Harvard Universal Press

Publication Year 1999

ISBN 9780875847429

ISBN-10 0875847420


Number of Pages 379 Pages
Language (English)


Finding the right successor to a well-loved founder or president is often the most difficult task an organization can face-and the challenge is often even greater for family-run businesses. Succeeding Generations explores leadership transitions in family businesses, offering a clear-eyed assessment of the different options, from direct succession to building partnerships between siblings and cousins.
Family-owned companies may dominate the worldwide business landscape, yet surprisingly few are successfully passed down from one generation to the next, and fewer still reach the third generation intact. Author Ivan Lansberg, an organizational psychologist who grew up in a family business, examines the reasons behind this high failure rate, and reveals the factors that contribute to long-term success. Succeeding Generations offers a framework for understanding the succession process, as Lansberg highlights the need for families to share a "dream" much like a business has a vision. He also offers practical advice on how to mentor successors, how to set up a systematic selection process, and how to make the best use of the board of directors during times of transition. With a wealth of examples from companies in the U.S., Europe, and Latin America, Succeeding Generations provides a thoughtful and comprehensive look at the sensitive dynamics of leadership succession in family businesses.

Planning for continuity is a life-long process for families in business, and Succeeding Generations is the first book to provide in-depth answers to the questions that arise at every stage in the evolution of the family firm.

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