10/12/1999
Family-owned companies may dominate the worldwide business landscape, yet surprisingly few
reach the next generation intact. Author Lansberg, an organizational psychologist who grew
up in a family business, examines the reasons behind this high failure rate and reveals
factors that contribute to long-term success. Drawing on his own experience and examples
from around the globe, Lansberg provides a framework for understanding the dynamics as
well as the options available in the succession process. Practical advice is given on the
selection process, mentoring, and making the best use of a board of directors.
Family-owned companies may dominate the worldwide business landscape, yet surprisingly few
reach the next generation intact. Author Lansberg, an organizational psychologist who grew
up in a family business, examines the reasons behind this high failure rate and reveals
factors that contribute to long-term success. Drawing on his own experience and examples
from around the globe, Lansberg provides a framework for understanding the dynamics as
well as the options available in the succession process. Practical advice is given on the
selection process, mentoring, and making the best use of a board of directors.