family business succession planning
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Many family businesses facing a leadership transition to the next generation turn to advisors to help them create a plan and work through their differences. Multigenerational advisory teams can help. Read More...
Category: Interviews
Author: Kimberly Eddleston
Interviewee: Adam Karofsky , David Karofsky
A business sale changes more than ownership. Families must also rethink governance, roles, wealth, identity, and purpose after the company is gone. A family signs the sale of the company it built Read More...
Category: Applied and Practice
Author: Susana Quintás
Research on 16 family businesses reveals why some successors build on the previous generation’s innovations while others rarely or never innovate. EDITOR'S NOTE: This article was produced in Read More...
Category: Research Insight
Authors: Ludovica Del Barone , Maria Annosi , Filomena Buonocore and Evelyn Micelotta
Don’t wait for a vacancy. Prepare family members now — through education, mentoring, clear expectations, and hands-on experience — to serve on boards, family councils, and committees. Family Read More...
Category: Applied and Practice
Author: Claudia Binz Astrachan
What happens after the founder steps aside? Interviews with successor CEOs reveal the emotional, organizational, and family dynamics that determine whether leadership transitions succeed—or stall. Read More...
Category: Applied and Practice
Author: Micheal Parkhurst
Family offices excel at managing money but often overlook the greatest threat to multigenerational success: poorly planned succession. Here's how they can help. Family offices have gained increasing Read More...
Category: Research Insight
Authors: Jan-Philipp Ahrens , R. Adam Smith , Maria Giuseppina Bruna , Melania Riefolo and Salam SAMI
A job rotation program gives next-gens both hands-on experience and a working knowledge of different departments and important outside relationships. A family business’s future leaders may have Read More...
Category: Interviews
Author: Kimberly Eddleston
Interviewee: Aimee Wrubel
When a successor becomes CEO, the title may change overnight — but authority, identity, and trust do not. Next-generation leaders must act like the CEO before they feel like one. A successor takes Read More...
Category: Practice Insight
Author: Dr. Benjamin Ritter
A study of German family businesses showed that as intra-family succession becomes more difficult, families are increasingly open to selling — and intermediaries are emerging to help match owners Read More...
Category: Research Insight
Authors: Allan Sandham and Isabell Stamm
Founder resistance is often more complicated than control. Empathy can help families understand what founders are trying to protect — and what their continued involvement may be preventing. Read More...
Category: Practice Insight
Author: Paul Edelman