“Moving to a new form of leadership in the next generation? You can map your way by visiting other families who are already there. Experience, a learned business leader once said, is what we have when we get what we never expected. While it can be a powerful teacher, however, experience can be a very costly path to learning.”
Ivan Lansberg asks how family enterprises can evaluate and anticipate the challenges of succession and highlights one of the newest and best approaches in ‘benchmarking’ with other business families that have already lived through and succeeded at a similar transition.