Succeeding generations: realizing the dreams of families in business
- Boston, MA Harvard Business School Press 1999
- xiii, 378p.
Family Business Forms Designing new road maps for the journey A typology of successions The Lombardi family business Family dreams; the genesis of succession Working with dreams Assessing the feasibility of the dream Developing successors; the first steps Mentoring Anointment and taking charge A more systematic selection process Letting go Governance structures and processes for continuity Governance in action Conclusion; improving the odds of success.
inding the Right Successor to a well-loved founder or president is often the most difficult task an organization faces - and the challenge is even greater for family-run businesses. Succeeding Generations helps us to understand all aspects - the practical and the emotional - of the succession process, as Lansberg offers advice on how to mentor successors, how to set up a systematic selection process, and how to make the best use of the board of directors during times of transition. He also provides the first clear assessment of the various options, from direct successions between a parent and a single appointed heir to more complex partnerships between siblings and cousins