Why succession can fail – generational change in leadership, (side) effects in family businesses.

Succession is considered a key process in the history of a company because it involves more than just replacing the “head”; it means that the entire company undergoes a cultural change, so to speak. In addition to clarifying tax, inheritance, and financing issues, comprehensive communication is essential for a successful transition. Understanding the unique circumstances of family businesses and the conflicts that can be expected is helpful in this regard. What forces are at work in family businesses in particular? What conflicts are inherent? What makes the current generational change special? What does the change at the top mean for succession in management and leadership?
An insight with tips on how succession can be successful.