Don't leave succession plans hanging on family businesses

Professor Morten Bennedsen explains how family and owner-managed businesses can succeed at succession.

08/12/2015

According to Professor Morten Bennedsen, Insead, far too many family- and owner-managed businesses fail at succession.

In his article 'Don't leave succession plans hanging on family businesses' he explains, how this can be avoided if more founders of successful enterprises follows some basic rules in long-term planning.

Morten Bennedsen have developed a three-step model that can help families make their businesses sustainable:
- Identify: Evaluate current and prospective family assets and roadblocks
- Plan: Determine the appropriate ownership structure and management choices
- Cultivate: Align the ownership design to both family and corporate governance

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The page was last edited by: Centre for Owner-Managed Businesses // 12/17/2017