Family businesses account for nearly half of US GDP. Despite their materiality and importance, only 30% of these companies continue to the second generation and only 10% to the third. Clearly, leadership transitions represent a significant risk to the long-term sustainability and viability of family businesses.
Planning for and effectively executing succession is complex, time consuming, and requires regular re-evaluation given ever-present market, family, customer, and competitive dynamics. Alarmingly, only 25% of family businesses have a succession plan in place.
Join us for this webcast to learn the pragmatic actions and approaches family businesses can take to initiate and enhance their succession plans and sustain the successful businesses they have built.
- Recognize the unique challenges of family business leadership transitions
- Describe how to get started with the development of a succession plan
- Identify the steps and actions family-owned businesses can take to prepare for leadership transitions
Download this webcast presentation.
- Bruce Benesh, National Managing Partner – Family-Owned Business, Grant Thornton
- Rob Estes, President and CEO, Estes Express Lines
- Franz Kellermanns, Professor of Management, Academic Director of Doctor of Business Administration Program, and Addison H. & Gertrude C. Reese Endowed Chair, University of North Carolina – Charlotte
Please note: CPE credits are not awarded for webcast replay.
Recommended Field of Study:
Business management & organization
Group - Internet
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