Succession Planning In Family-Owned Businesses

We have experience and expertise in successfully managing Succession Planning In Family-Owned Businesses

Area of Expertise

• Research by Cornell Economist, Robert Avery suggests that 70% of family-owned businesses (FOB) fail before reaching the 2^nd generation, 88% fail before reaching the 3^rd generation and only 3% of FOB operate at the 4^th generation and beyond.
• Given the huge risks involved, succession planning in family-owned businesses cannot be left to CHANCE, and well-thought-out, research-based CHOICES have to be timely made for the high profitability and sustainability of the business.
• Our rich hands-on experience and publication suggest that six factors contribute to effective succession planning in family-owned businesses.
• The video & the model below shares the approach we carry out for developing succession planning in family-owned businesses

https://youtu.be/MDIkw-2Xk84

Is it CHANCE or CHOICE

• This video shares the well-researched and impactful approach followed by Hyperspace Action Research Services for Succession Planning in Family-Owned Businesses.
• This right mix of Knowledge and Experience (Gyan and Karma Yoga) results in positive outcomes.
• Investments on developing effective succession planning are very meagre as compared to the benefits derived from business sustainability.

• Link to the research publications for carrying out impactful succession planning and leadership development are:

Systemic Development of Leadership: Action Research in an Indian Manufacturing Organisation | SpringerLink
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