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