Family Business Succession: The Final Test of Greatness
Preparing to pass the family business on to the next generation is perhaps the roughest and most critical challenge facing business owners. Yet most businesses don't realize that succession is a lifelong process of planning and management. Leaders will learn how to create a succession plan; how to develop opportunities for succession candidates; how to build consensus with the family and leaders on succession plans; and when and how to let go of their own role in the business.
Aronoff, Craig E., Stephen L. McClure and John L. Ward. Family Business Succession: The Final Test of Greatness. 2nd ed. New York: Palgrave Macmillan, 2010. Print.