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Articles tagged: Succession Planning
Surviving the Second Generation: Discussions You Need to Have Before Family Business Transitions
Many family businesses don’t survive into a third generation. Strong quarterly communication can aid family business transitions. Read More
STEP, KPMG Study: Global Family Business Governance Trends
Here’s what the STEP survey on global family business trends reveals about governance, Millennial leadership, diversity and retirement. Read More
Why Managers Must Seize, Retain and Share Tribal Knowledge in the Workplace
Your employees’ undocumented knowledge and experience leaves with them. What is the cost of not keeping tribal knowledge in the workplace? Read More
Revisiting the Three Circle Model of Family Business to Strengthen Governance Structures
It’s been 40 years since Gersick introduced the Three Circle Model for Family Business. How can you assess governance maturity in each circle? Read More
As Leaders Age and the Unexpected Strikes, Developing a Succession Plan is Mission Critical
The average S&P CEO is 58. Are businesses ready for transition? Developing a succession plan should be on every company’s agenda early on. Read More
How to Create a Family Business Charter
Successful family businesses often create a Family Charter or Family Business Constitution—a written agreement to guide decisions on boards, succession, hiring and more. Read More
Not Making Business Decisions = Making Bad Business Decisions
When Werner Co. faces growing pains, its president avoids making business decisions that could jeopardize the company—but his inaction is still a decision. Read More
Small Business Transitions: Semi Retirement for Entrepreneurs
Before small business owner Jan can improve her life and work balance and enter semi retirement, she must prepare her business to run independently. Read More
How to Find the Right Business Buyer for Your Company
What kind of business buyer should you approach to sell your business? Find out where to meet financial, strategic and operator buyers. Read More
How Family Business Succession Planning Becomes Succession Implementation
Family business succession planning requires discussions about ownership, leadership, payment and other issues to smoothly transition from Gen 1 to Gen 2. Read More