Family Business Succession The Final Test of Greatness [Paperback]

Helps to prepare for passing the family business on to the next generation. 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 finally leaders will learn when and how to let go of their own role in the business.Introduction: The Final Test of GreatnessThe Pieces of the Succession PuzzleThe CEO's Personal Challenge: Preparing for a New LifePreparing Your Business for SuccessionDeveloping Effective SuccessorsPreparing the Family for a Successful TransitionPreparing the Responsible Owner TeamThe Evolving Roles of Leader and SuccessorImplementing SuccessionUnderstanding Family TensionsOther Pitfalls: Where Are You Most Likely to Stumble?SummaryAppendicesIndex

'The authors have written a most useful sequel to their first work on Family Succession. They provide us with a wealth of answers to the succession challenge from specific family case histories addressing the powerful issue of how the family business and it's legacies can be continued. Too many families neglect the succession issue until it is too late to preserve the essence of what made the family great.' - Harry Martin (former Head of the Cargil McMillan Family Office), Family Advisors, LLC, Mystic, CT

'Family Business Succession: The Final Test of Greatness is a must read for those serious about succession.' - Marshall Paisner, Chairman, ScrubaDub, Natuck, MA

'Final Test of Greatness is the standard bearer for an excellent series of booklets that provide practical guidance on tough family business issues.' - Ross W. Nager, Sentinel Trust Company, Houston, TX

'While our father was a great journalist and businessman, and a wonderful parent, his transition planning was inadequate. Fortunately for our family and business we used the principles we found in Family Business Succession: The Final Test of Greatness to help guide l3d