029 - Succession: - Don’t Plan It, Ingrain It!
“Succession” has traditionally been thought of as being “Succession Planning”. Set a date. Look for a successor. Groom him or her for the job. Transition. Retire.
Listen to Steve, as he explains why family companies treat “Succession” as a one-time event and how this is not helping these businesses achieve fast growth. Learn how Private Equity-backed businesses and Fortune 500 companies think about Succession and what is the average succession cycle of each of these groups and why.