Many family businesses pass through generations without issue, some even grow stronger.
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Articles on Succession plans
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The plan to replace Museveni with his son has dramatically shifted from rumour to reality in recent months.
In the past, the lack of a succession plan for China has led to political unrest in the country. If it happens again, it will also affect the world.
Traditions shouldn’t be thrown out since they often provide a vital foundation for the family business. But they also shouldn’t be rigidly enforced.
The co-operative business model needs to be seriously considered and nurtured as a viable response to closing companies and lost jobs as a result of the pandemic.
As aging parents wonder about the future of the family businesses they founded, four succession strategies could help.
Top contributors
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Professor and University Research Chair in Enduring Entrepreneurship, Academic Director Family Enterprise Legacy Institute, L’Université d’Ottawa/University of Ottawa
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Distinguished Professor, Arthur J. Gosnell Professor of Economics, & Interim Head, Department of Sustainability, Rochester Institute of Technology
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Professor in Entrepreneurship and Family Business, Free University of Bozen-Bolzano, IMD and, Lancaster University
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Professor of Anthropology and International Development, The University of Western Australia
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Associate Professor, Adult Education and Community Development, Ontario Institute for Studies in Education, University of Toronto
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Director, Centre for Family Business, Department of Entrepreneurship and Strategy, Lancaster University
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Associate Professor, Strategy and Governance, National University of Singapore
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Lecturer in the Department of Entrepreneurship and Strategy, Lancaster University
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Winspear Chair of Management & Associate Dean Research, University of Victoria
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Lecturer, RMIT University
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Executive Manager, Telfer Family Enterprise Legacy Institute (FELI), L’Université d’Ottawa/University of Ottawa
