Smooth inter-generational leadership transition is critical for the long-term survival of business organisations. In the family business context, passing on the baton to effective next-generation leaders is crucial for the continuity of family legacy. For this transition to happen effectively, it is important that family businesses develop their next generation members in a systematic manner that prudently builds their capabilities and prepares them to face future challenges. There are some essential building blocks of next generation leadership development that family businesses may adopt…Read more
Author: Navneet Bhatnagar, Analyst at the Thomas Schmidheiny Centre for Family Enterprise, ISB
Source: This article is extracted from The Economic Times dated December 20, 2017.