Management Succession Planning for Family Businesses

Family members may have shareholder rights, but should they work in the family business based on relation not merit? Some children feel employment is their right. Some parents will feel the same way. Les Banwart has helped many family businesses deal with the challenges of transitioning to the next generation. Les explains how to create fair policies that ease tensions and help the child succeed in this short excerpt from Succeeding with Succession – Expert Perspective.

Duration : 0:3:14

Recommended Reading

• Management Succession Planning for Family Businesses
• Inaugurationl Ball: *Great American Melting Pot*
• VideoChat – Reducing your tax liability with Randy Siller
• Millions of–not illegals but–dollars going back to home countries?
• Management Succession Planning Blueprint (ebook)

Technorati Tags: aileron, CEO, Change, children, family, Leadership, myaileron, owner, Planning, president, Strategy, Succession, transition

Related posts:

1. Management Team Role: Succeeding with Succession
2. Responsibility of Ownership: Succeeding with Succession
3. Want to be a CIO in 2011? – PC Magazine (blog)
4. Succeeding with Succession Expert Perspective: Introduction
5. Succession Planning for Family Businesses-Coffee and Candor