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Succession

November 1, 2004

Transfer of the family business is a continuing process. One can hire specialists to deal with financial and fiscal-legal regulations but Johan Lambrecht explains why the soft elements of the process must be addressed and fostered by the family

Johan Lambrecht is professor at EHSAL Business School in Brussels and director of the Research Centre for Entrepreneurship, EHSAL-KU Brussels.

Transfer of the family business is a continuing process. One can hire specialists to deal with financial and fiscal-legal regulations but Johan Lambrecht explains why the soft elements of the process must be addressed and fostered by the family

September 1, 2004

Ignoring the strategic landscape of the business itself, family firms can focus too heavily on leadership transition because of emotional reasons, says Andrew Keyt. Has succession overshadowed the harder long-term business goals?

Andrew Keyt is president of the US chapter of the FBN and executive director of the Chicago Family Business Center.

Ignoring the strategic landscape of the business itself, family firms can focus too heavily on leadership transition because of emotional reasons, says Andrew Keyt. Has succession overshadowed the harder long-term business goals?

September 1, 2004

There’s no shortage of findings that suggest family businesses have their work cut out in terms of succession planning.

There's no shortage of findings that suggest family businesses have their work cut out in terms of succession planning. In the US, 40% of family owned businesses are expecting a leadership change in the next four years. Billions of dollars will change hands. In Europe, it's a similar tale. But the plot has a new twist: fewer companies are being passed down the generations. As more owners exit, succession planning has lost its urgency. But private investors can be forgiven for feeling a little wobbly.

May 1, 2004

When PricewaterhouseCoopers launched its survey of Irish family businesses earlier this year it found the key threat to all family businesses was succession, and yet only 51% of Irish family bus­inesses have a formal succession plan in place. PwC’s Paul Hennessy and Dermot Reilly explain why

Paul Hennessy  is lead partner for Family Business Services at PricewaterhouseCoopers.
Dermot Reilly  is a partner at Pricewaterhouse­Coopers. For a full copy of the report visit www.pwc.com/ie/bws

When PricewaterhouseCoopers launched its survey of Irish family businesses earlier this year it found the key threat to all family businesses was succession, and yet only 51% of Irish family bus­inesses have a formal succession plan in place. PwC's Paul Hennessy and Dermot Reilly explain why

Ownership succession

May 1, 2004

Being an entrepreneur and running a family business can be lonely but women simply can’t afford to be unproductive, which is why so many of them excel at their task at hand

Terri Heggum-Allen is National Executive Director of the Canadian Association of Family Enterprise.

Being an entrepreneur and running a family business can be lonely but women simply can't afford to be unproductive, which is why so many of them excel at their task at hand

May 1, 2004

Succession is widely believed to be the central management issue in family business. The very idea of succession rests on the notion that a set of generic concepts underlies the planning process.

Gerald Watts is professor in entrepreneurship at University of Gloucestershire.  John Tucker is head of UK Family Business Services at Grant Thornton.

May 1, 2004

Antonio García (18) worked for Mr Garza in a laboratory preparing food supplements. Antonio was a committed, hardworking and loyal employee. Mr Garza (72) wanted to retire and have some time to enjoy life.

Antonio García (18) worked for Mr Garza in a laboratory preparing food supplements. Antonio was a committed, hardworking and loyal employee. Mr Garza (72) wanted to retire and have some time to enjoy life. He had no children and decided to sell the lab equipment to his faithful employee, Antonio (24). He also gave him the formulas of two of the products as a wedding present when Antonio married Dolores (20) that same year.

March 1, 2004

Though you wouldn’t guess it today, Rug Bug was just a small-town carpet cleaning company when Constance Brown (58) and her husband Bob (62) bought it from Bob’s father in the early 1970s. From that meager start, Rug Bug has become the largest cleaning and carpet restoration business in the region.

Though you wouldn't guess it today, Rug Bug was just a small-town carpet cleaning company when Constance Brown (58) and her husband Bob (62) bought it from Bob's father in the early 1970s. From that meager start, Rug Bug has become the largest cleaning and carpet restoration business in the region.

March 1, 2004

Transitioning the family business from one generation to the next is fraught with hardship, headaches and high drama. So says the mainstream press but it’s just not so

Andrew Keyt is Executive Director of the Family Business Center at Loyola University Chicago and President of the US Chapter of the FBN.

Transitioning the family business from one generation to the next is fraught with hardship, headaches and high drama. So says the mainstream press but it's just not so

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