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Succession

March 1, 2006

Red Rocket is a $150 million manufacturing and distribution company located on the outskirts of a major American city. The company’s focus is the manufacturing and distribution of children’s toy cars, trucks, ambulances, and helicopters etc.

Red Rocket is a $150 million manufacturing and distribution company located on the outskirts of a major American city. The company's focus is the manufacturing and distribution of children's toy cars, trucks, ambulances, and helicopters etc. This second generation company has been in existence since 1955. The company's workforce of 175 includes a sales team of 25 across North America, Europe and Australia. The company is family-owned and has always been profitable.

January 1, 2006

Karen Vinton is a family business consultant with Vinton Consulting.

If an heir is to be accepted by the workforce as a valid and hard-working employee, they have to prove they can contribute. At the same time they have to lose the old image of themselves as a free-loading teenager. Karen Vinton sets out the steps to success

January 1, 2006

Parental expectations and tradition can be a heavy mantle for heirs to inherit. Charles Sasse examines the issues that affect business families from the cradle to succession, and offers insights, practical as well as psychological, into how to lighten the load

Charles Sasse is president of the Belgian Association for Psychotherapy. He now practices as a psychoanalyst and consultant.

Parental expectations and tradition can be a heavy mantle for heirs to inherit. Charles Sasse examines the issues that affect business families from the cradle to succession, and offers insights, practical as well as psychological, into how to lighten the load

November 1, 2005

One-third of Australian family business leaders do not know who is going to take over the business when they retire. And a study also has revealed that more than a quarter of them do not have an exit strategy in place.

One-third of Australian family business leaders do not know who is going to take over the business when they retire. And a study also has revealed that more than a quarter of them do not have an exit strategy in place.

November 1, 2005

Family leaders can hamper progress and deter successors from taking over the running of the company. Dennis Jaffe summarises why it is important to keep a good work-life balance and the need for leaders to be aware of when the time is right to transfer power

Dennis Jaffe is a founding member of the Aspen Family Business Group. www.aspenfamilybusiness.com

Family leaders can hamper progress and deter successors from taking over the running of the company. Dennis Jaffe summarises why it is important to keep a good work-life balance and the need for leaders to be aware of when the time is right to transfer power

November 1, 2005

Barbara Murray is director of Family Business Solutions UK.

Passing on the baton of responsibility is not easily achieved, particularly as demographic changes are intensifying the time pressures felt by senior and junior generations to plan their successions. Barbara Murray explains the importance of legacy and preparation

November 1, 2005

Booths is a chain of supermarkets in the North-West of England that is in its fifth generation. The company prides itself on customer service, the high quality of its produce – much of it local – and its strong regional identity, writes Emma French

Booths is a chain of supermarkets in the North-West of England that is in its fifth generation. The company prides itself on customer service, the high quality of its produce – much of it local – and its strong regional identity, writes Emma French

November 1, 2005

Jorgen Vig Knudstorp talks to Melanie Stern about his first year as CEO of the Danish family business and toy giant Lego, how he led the company out of a period of financial risk and his mandate to fix the national treasure

Melanie stern is section editor of Families in Business.

Jorgen Vig Knudstorp talks to Melanie Stern about his first year as CEO of the Danish family business and toy giant Lego, how he led the company out of a period of financial risk and his mandate to fix the national treasure

November 1, 2005

Foresight and vision have made the Votorantim Group one of the most powerful corporations in Brazil. Joachim Schwass charts the history of the family behind the business and examines the management structures that have helped it to succeed

Joachim Schwass directs the Annual IMD – LODH Distinguished Family Business Award

Foresight and vision have made the Votorantim Group one of the most powerful corporations in Brazil. Joachim Schwass charts the history of the family behind the business and examines the management structures that have helped it to succeed

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