A founder’s vision of family business succession often goes something like this: install the first-born son down the hall with a title such as senior vice president and have him work in the business for…
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When family business succession works, it is never due entirely to the older generation — G1 — or the next generation — G2. In every case, it works because both sides came together, made accommodations…
Generation Two or G2 is shorthand for the next round of business leaders coming up through the family. It may actually be the third, fourth or later generation but in any case G2 presents the…
From the outside, succession looks like an adequately complex problem. The family firm needs to hand off from one generation to the next, without negatively impacting the firm, while ensuring subsequent leadership is adequate and…