LEGACY 

What is family business succession?

Managing succession is one of the greatest challenges businesses face. By realising that it is a topic where the subjective perception trumps objectivity, and by accepting that there is no one right answer, family businesses can approach the issue with more structure, before it becomes a matter of urgency.

 ADDITIONAL READING 

Succession Articles

CIR Group

[Podcast] Leadership through Resilience

Rodolfo De Benedetti was a mere 30 years old when he became the CEO of Compagnie Industriali Riunite (CIR) Group, a business established by his father, Italian business tycoon, Carlo De Benedetti who founded...

The Fall of Toys R Us: How the ‘Category Killer’ Met Its Demise

A child’s question. A father’s answer. Together they would plant the seed for one of the most influential commercial enterprises of the 20th Century.When Charles Lazarus was a child working in his father’s Washington...

Philips: A Legacy of Innovation and Sustainability

When the Philips Corporation launched their sustainability vision in 2012, it was seen by many as a brand new venture into furthering 21st-century technology. There can be no question, the Dutch-based company was viewing...
[Podcast] Female Succession in Africa’s Family Businesses

[Podcast] Female Succession in Africa’s Family Businesses

The challenges of succession in a family owned business are as numerous as they are complex. From bridging the generation gap to walking the line between innovating and honouring tradition, succession is never simple...
The Eastern Adventures of an Entrepreneurial Family

[Podcast] The Eastern Adventures of an Entrepreneurial Family

From the coastal town of Aabenraa in what is now Denmark, two young men, Heinrich Jessen and Jacob Jebsen, whose fathers and grandfathers were sea captains, set out on a trading expedition to the Far...