In most family businesses, succession begins with the question, “Who will take over after me?” But experience shows that this is not the most important question. The real one is: “What will they be taking over?” When a business relies too heavily on one individual’s instincts, relationships, or authority, the successor does not inherit a company. They inherit a dependency. Such depend... https://gatewaysglobal.com/insights/succession-is-not-about-people-its-about-structure/
Succession Is Not About People, It’s About Structure
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