Family Business Succession: The Final Test of Greatness 2nd edition, by Drew S. Medoza, McClure and John L. Ward helps break the advanced succession planning course of into manageable pieces. It supplies wealth of answers to the succession challenge from particular household case histories addressing the highly effective situation of how the household enterprise and legacies will be continued. Too many households neglect the succession difficulty until it is too late to protect the essence of what made the household great.
Getting ready to go the family business on to the subsequent generation is perhaps the roughest and most critical problem facing enterprise owners. But most companies do not realize that succession is a lifelong process of planning and management.
Leaders will discover ways to create a succession plan; how to develop opportunities for succession candidates; tips on how to construct consensus with the household and leaders on succession plans; and when and how to let go of their own position in the business.
Family Business Succession: The Final Test of Greatness identifies succession management issues and solutions for any household business CEO, whether or not the enterprise is in its first or second or third generation, or beyond. This edition focuses not solely on succession planning however more so on managing succession. Good succession management is like good strategic planning. As soon as the planning is accomplished, the real problem and best worth comes from preserving it present and implementing it.
This text provides nice overview of succession planning for any household enterprise proprietor, whether or not the enterprise is in its first, second or third generation. Additionally it is a good source to help different relations and key non-relations get a sense of what succession planning is, in addition to what’s concerned within the within the succession planning process.
Family Business Succession: The Final Test of Greatness (Family Business Leadership) [Paperback]
Drew S. Medoza, Stephen L. McClure and John L. Ward
Palgrave Macmillan; Second Edition