Successful Transitions: Essential Questions and Some Role Models

Joachim Schwass, Håkan Hillerström, Holger Kück and Colleen Lief
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Joachim Schwass: IMD
Colleen Lief: IMD

Chapter 4 in Wise Wealth, 2011, pp 37-55 from Palgrave Macmillan

Abstract: Abstract Thought and planning lie at the heart of successful generational transitions. Before jumping headlong into action, each new generation is well advised to ask the following three fundamental questions — as individuals and as a family — to clarify strategy and avoid problems down the road: 1. Who are we? Our DNA: values, principles, competences and culture 2. What do we want? Our ownership vision: growth strategies 3. How will we decide? Governance structures for family and business.

Keywords: Governance Structure; Family Business; Supervisory Board; Successful Transition; Family Owner (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-29527-8_4

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DOI: 10.1057/9780230295278_4

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