Family businesses fail because of no succession planning
02/19/2015
"There are two key things that define family firms that have lasted through several generations," says Bennedsen, Academic Director of INSEAD's Wendel International Centre for Family Enterprise. "They looked at the long term and planned for succession. These sound simple but so many family firms fail to do either."
Morten Bennedsen discuss in the following article key findings from his and his colleague Joseph Fans latest book "The Family Business Map"
In the article the professor underlines the necessity for longterm planning and clear communication in family business transitions.
The page was last edited by: Alumni // 12/17/2017