Family-owned businesses in Japan have thrived using their model of succession, adoption, and stewardship, their "do well, do good, do right" ethos, and their powerful concept of "beyond self."

One of the most common sentiments I hear from family business owners is, “I don’t know if my children are interested in coming into the business. I certainly don’t want to force them; they have to make their own minds up.” It’s an admirable approach—one that respects the autonomy and individual paths of the next generation. But, while the intention behind this sentiment is commendable, the reality is often more complex. The question we need to ask ourselves is this: Are the c

Family businesses are pivotal to the global economy, significantly contributing to employment, innovation, and community stability. As...

Family business succession planning is a critical yet often overlooked aspect of managing a family-owned business. With a vast majority...

Successful family business succession is a key topic of conversation in the boardrooms of family businesses the world over. It has...

In 2020, Alex Scott, stepped-down from his role as Chairman and CEO of Applerigg, a private, family-owned business built on the...

Succession planning is the linchpin for the longevity and continuity of family businesses, yet it remains a daunting challenge for many....

The issue of succession for a family business is bound up in a complex combination of commercial and personal issues. In business terms,...

In some senses, the legacy of any business is a slightly nebulous concept, but the thing which tends to set family businesses apart from other businesses is the degree to which people are personally as well as financially and professionally invested in them. This means that the way the business is set-up, managed and run on a day to day basis is much more likely to provide a reflection of the values of the family members who own that business, and it is the continuation and u

Planning ahead for the future of your family, or your business is key. Succession can be both planned and unplanned. An event of...

Succession planning is a crucial aspect of ensuring the longevity and prosperity of family businesses. As the torch passes from one...

Family business succession planning is a complex and challenging process that involves transferring leadership and ownership from one...

Over the past few decades, Behavioral Economics (aka Behavioral Finance) has focused on what most psychologists have been studying since...

As an experienced Family Business Advisor, I understand the unique dynamics, joys, and challenges that come with passing the torch to the...

Family business succession planning is a complex and challenging process that involves transferring leadership and ownership from one...

The transition from a first-generation family business to a second generation is a complex process fraught with challenges for many...

Running a family business for many business owners is a privilege and something that they take incredibly seriously. Over their time in...

Succession planning and the engagement of the next generation and their development are key aspects that should be on the agenda for all...

Jonathan Burke, partner and head of the industrial manufacturing leadership practice at executive search specialist, Berwick Partners ,...

When a new CEO has been appointed that is only the first part of the succession process complete. The second stage is the all-important...