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    Succeeding Generations

     
    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.
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