What happens when a family council agrees on a succession plan entailing both current and next-generation leaders, but some family members fail to follow through? Consciously or unconsciously, their day-to-day actions slowly deviate from what was agreed and expected. The result: the succession process starts to derail. Imbalances and interference come into play, leading to […]
Family business: overcoming hurdles at key crossroads
All family businesses that have effectively navigated generational handovers have faced similar challenges. One way of analyzing these challenges is through the lens of different generations, since the obstacles encountered by first-generation companies differ significantly from those faced by second, third or subsequent generations. Statistics according to the business life cycle According to data from […]
NEWS: Mango faces challenges in leadership succession and future direction
Following the sudden passing of Isak Andic, the founder and non-executive chairman of Mango, the Spanish fashion multinational faces its most critical challenges since its establishment in 1984. Following death of founder: Challenges Mango now faces in leadership succession and future direction Homepage image: Mango
NEWS: The messy Murdoch succession drama, explained
Rupert Murdoch’s News Corp is navigating a court case that will impact the company’s future by determining how its voting shares will be divided among his four eldest children. The outcome of the succession process could have major implications for his media empire, as well as its role in shaping U.S. and global politics. The […]
Succession, succession and succession
Sooner or later, all family businesses face succession processes. Ideally, these are founded on professional criteria and approved by both predecessors and successors. The lack thereof is an all too frequent mistake and the most common source of conflict in family-owned firms. Movie: YES. Ongoing series: NO A generational handover should be framed as a […]
Leschaco, bridging borders since 1879
Constantin Conrad (MBA-18) and Charlotte Conrad Palermo (PMD-23) share their experiences as third-generation leaders of the Leschaco Group, a global logistics service provider with operations in 24 countries and €1.2 billion in annual revenues. The origins of our family business date back to the late 1940s, when our grandfather Herbert Conrad joined Lexzau Scharbau as […]
Cottet Óptica, serving customers since 1902
Javier Cottet is the president of Cottet Óptica, a family-owned Spanish firm that traces its roots to the late 1800s in industrial France. In 2019, the company revitalized its business model with a more brand-centric and innovation-driven approach. I got my official start in the family business as an intern in the early 1990s, and […]
5 tips for working in your family business
After years of working alongside her parents, Parima Ijaz founded her own company as an extension of the original business. In this Forbes article, she offers five insights for people who are contemplating joining the family firm, including the importance of confidence, humility and a collaborative approach. Tips For Working With Family and Continuing Your […]
Juste Group, strategic renewal in the family business
Inés Juste presides the Juste Group, a chemical-pharmaceutical company founded by her great-grandfather more than a century ago. In its fourth generation, the firm is a global reference thanks to its entrepreneurial spirit, innovative character and vocation for continuity between generations. The Juste Group was established in 1922 by my great-grandfather Rafael Juste Castán. A […]
Bill Marriott passes the baton
Marriott International’s Chairman and Chairman of the Board, Bill Marriott, has retired after an illustrious 66-year career. Read his parting words on his last LinkedIn post as Chairman, which also features a heartwarming video with his son and successor, David. From Generation to Generation
