Family Succession- Boundaries

In this the third of the series we will briefly look at how lack of defined Boundaries can impact on Family Business Succession.

The relationships within a first generation business can be relatively simple. However as the business is passed on to future generations the relationships and the vested interests can become more entrenched and more complex with the passing of years. As it is not a problem the founding generation do not put time aside to consider the businesses future or perhaps do not even want to think about it. The rules for the ongoing ownership and management succession are not considered and so it is left to chance and abdicated to future generations to resolve.

Later, where there are no guidelines, the perceived wishes and principals of the founding generations can become misinterpreted.  As the value of the business increases there may come a point where this misinterpretation can become intentional.

To read the full article click here.

Advertisements

2 responses to “Family Succession- Boundaries

  1. I don’t know if it’s just me or if everyone else encountering problems with
    your blog. It appears as though some of the text in your
    posts are running off the screen. Can somebody else please provide feedback and let me
    know if this is happening to them as well? This
    could be a problem with my browser because I’ve had this happen previously.
    Appreciate it

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s