Next Generation

The longest suspension bridge around may not be the Mackinac or the Golden Gate, but the span between generations in a family enterprise. More often than not, the emphasis in succession planning begins with the senior generation and their pressing concerns. When do they...

Gates had Buffett, Oprah had Maya, and Dylan had Guthrie.  In your world, who do the next generation of leaders look up to? Many family-owned companies say they expect to transfer leadership to the next generation, yet only a small percentage have a plan...

During the mid-1930s, Bud Abbott and Lou Costello introduced their famous vaudeville comedy sketch “Who’s on First?” about a fictitious baseball team. As they try to communicate with each other about the various players, the conversation becomes more and more confusing. Toward the end...

When it comes to succession, it’s usually a senior leader who initiates and spearheads the transition process.  In a previous article, we explored how important it is for that leader to have a strong and focused rationale for succession.  But successors’ rationale matters, too. ...

In Greek mythology, there’s only one figure whose character matures over time: Telemachus, son of Odysseus and Penelope, immortalized in Homer’s epic poem the Odyssey. The poem mainly centers on Odysseus and his long journey home after the fall of Troy. During his absence,...

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