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.


Succession Articles

The Successor's Voice

The Successor’s Voice

The Successor’s Voice is a book for those family members who follow in the footsteps of their predecessors. While there exists a wealth of resources for incumbent leaders looking to make a...
succession stories

Drama-Free Succession: Ten Families Who Made it Work

The act of succession enables family businesses to maintain continuity as they transition from generation to generation. 4 Billion Country/Region: Germany Contending with falling revenues, patent losses, and pricing pressures, Boehringer Ingelheim, Germany’s second-largest drugmaker, selected a member from its founding family to serve as CEO for the first time in 25 years – a move intended to help steer the business through a challenging period.
Hong Kong

The 10 Largest Family Businesses in Hong Kong

Hong Kong is the world’s 10th largest trading economy and mainland China’s second most important trading partner, after the United States. Hong Kong’s economy is the most service-oriented of all global economies, accounting for 93.4 per cent of the territory’s more than $369 Billion GDP.
peace salvatore sciascia dario voltattorni

Experiencing succession in PEACE

Editorial by Salvatore Sciascia & Dario Voltattorni What characterises a successful generational handover — one that allows healthy businesses to thrive and those in difficulty to find renewed energy? Our studies and experience lead us to...

Building a Lasting Legacy: Nine Steps to Family Business Success

George Isaac's immersion in the success factors that define family businesses saw him move beyond his role as CEO of his own family's multigenerational enterprise and into consulting. In the interim, Isaac served both as a...