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Articles on Succession

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Sometimes holding onto traditions can be a hindrance to the success of family businesses, but there are ways to innovate while also honouring them. (Andrea Piacquadio/Pexels)

How to manage traditions for the continued success of the family business

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.
John Tory, left, then the leader of the Ontario Conservatives, and Edward Rogers arrive for the funeral of Ted Rogers at St. James Cathedral in Toronto in December 2008. The Rogers family feud in the years following Ted Rogers’ death is one of many to erupt at family-owned Canadian corporations. THE CANADIAN PRESS/Nathan Denette

From Vincent Massey to Ed Rogers: Canada’s history of family firm feuds rivals Succession

Bitter family feuds and succession battles are not new to Canadian business. In fact, several prominent family-owned firms have had very public brawls. The Rogers feud, though, puts the company at risk.
The COVID-19 crisis has demonstrated that our communities must be self-sustaining rather than reliant on volatile global value chains. Co-operatives bring resiliency self-determination to local economies. (Shutterstock)

Canada’s small businesses could be saved by converting them to co-operatives

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.

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