How Succession Challenges Could Accelerate Firm Combinations

Avoid Getting Boxed in By Conventional Succession Planning ...

Poor succession planning often results in bad hiring decisions. For manager roles, Gallup found that organizations fail to choose the candidate ...

Exploring succession planning in small, growing firms - ResearchGate

and this creates the need for careful succession planning. ... that family ﬁrms have unique succession issues (see below). ... this is: how will successors be ...

Succession Planning: How to Map Out Your Company's Future

Good succession planning ensures a company's long-term success and stability. By identifying people with the right leadership style and ...

HEADSTART A LOOK AT SUCCESSION MANAGEMENT

The traditional replacement-planning process can consume an inordinate amount of time. One major U.S. company discovered that it was devoting 250,000 executive ...

11 Succession Planning Best Practices to Follow in 2025 - AIHR

Poor succession planning can be incredibly expensive. According to Harvard Business Review, badly managed CEO transitions can wipe out nearly $1 trillion in ...

Business succession planning - Deloitte

For companies that are family- owned or controlled, the issue of succession also introduces deeply emotional personal issues and may widen the circle of ...

Carry the past into the future: the effects of CEO temporal focus on ...

As a family firm is defined as a combination of family and business systems that overlap and interact, we argue that considering family and ...

Succession Planning Strategies in Family Businesses

But succession planning in family businesses may be more challenging compared to other business types. As family firms move from one generation to another, a ...

Spencer Stuart Director Pulse Survey: CEO Succession 2023

Taken together, these data points may indicate boards need to identify and develop more individuals as potential successors — this includes gaining visibility ...

Why succession planning should be a priority for every business

According to a study, proactive succession planning can increase company valuations and investor returns by 20% to 25%. Yet few companies have ...

CFO Succession Planning: The Complete Guide from Egon Zehnder

These situations often catch companies off guard, highlighting the importance of having a robust succession plan that can be activated immediately in the case ...

Balancing identity, construction, and rules: Family relationship ...

While succession is a challenging phase in the life course of every family firm (Handler, 1994, Richards et al., 2019), the transition process, involving ...

Ownership and Succession Planning During and After the Storm

The last 10 years provided an ideal backdrop for succession thanks to strong work backlogs, profitable work that accelerated management buyouts, an active ...

Succession Planning—What Lies Ahead - Spencer Stuart

Having a succession process in place is vital to the success of an organisation because the individuals identified in the plan will eventually be responsible ...

Two-Stage Deals - Journal of Accountancy

A sequenced transition can smooth a firm's ownership transfer. EXECUTIVE SUMMARY Although it's not the only way to go about succession ...

A number of years ago, we represented a mid-sized, highly ...

specializing in solving the business management and ownership challenges of architecture, engineering and environmental consulting firms.

Cash Flow Strategies for Estate Tax Liabilities - BDO USA

Current owners may wish to transfer some or all their business interests to the next generation of owners during their lifetime, to allow ...

Common Pitfalls of Succession Planning And How To Avoid Mistakes

When asked about their succession plan, some companies feel they are on the right path because they have identified a successor for key roles. However, this can ...

Family firm succession through the lens of technology intelligence

... At the early stages of intergenerational succession in family firms, successors may encounter social legitimacy challenges stemming from their lack of ...

Succession Planning Examples: 4 Common Scenarios and Solutions

In many companies, potential successors might show promise but fail to meet the competencies needed for leadership. This gap can jeopardize your company's ...