Succession Planning
  • Governance

Succession Planning

Succession is perhaps the biggest challenge facing entrepreneurs particularly in family businesses. Thomas Zellweger offers a six step process for them...


By downloading this resource your information will be shared with its authors. Full privacy statement.

There are two dimensions to succession planning in businesses – leadership succession and ownership succession.

In the short video below, Thomas Zellweger, Professor of Business Administration at the University of St.Gallen, a specialist in family business, considers these two different forms of succession and explains why businesses should follow this six-step-process:

  1. Defining succession to whom – taking account of the generational time frame
  2. Establishing what is being transferred – is the business in a form ready to pass on?
  3. Planning the transfer of governance – changing CEO, board, and equity
  4. Setting a price – implications for the successor and vendor
  5. Ways to finance the transfer – private equity, vendor loans, banks loans etc.
  6. Addressing tax and legal issues – asset transfer and inheritance tax implications

Our Executive Education programmes are characterised by its high level of relevance for current practical issues, by drawing on the latest results in research.

Google Analytics Alternative