John Davis’ Post

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MIT Sloan School of Management/Cambridge Family Enterprise Group

In a family enterprise, leadership continuity is essential as the enterprise transitions from one generation to the next. The most critical phase in the life of a family business is the succession phase. The high mortality rate of family-owned businesses is linked to failures in the succession process, when many family businesses encounter problems due to a lack of adequate planning and preparation of next generation leaders. A well-planned and executed succession transition is not exclusive to business leadership: we know that successful transitions on the board, in the ownership group, in the family and throughout the entire enterprise are also crucial—and that aligning them is an art form. https://lnkd.in/eHGWufrf

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