Family Business: the problem of succession | INSEAD Executive Education

Henning Piezunka, Assistant Professor of Entrepreneurship at INSEAD, speaks about how to best leverage the trust in the family business while managing the difficult decisions when it comes to leadership successions.
Find out more: inse.ad/exec-ed

[@SachinTomar265]

great video, thanks for sharing!

[@gud_morning8953]

🎯 Key points for quick navigation:
00:00:05 *🔄 Family Firms: Trust and Change*
- Family businesses benefit from internal trust but face challenges in leadership succession.
- Trust among family members aids in leveraging business strengths.
- Succession can be difficult, especially if personal dynamics interfere with decision-making.
00:01:00 *👨‍👩‍👧‍👦 Navigating Succession in Family Business*
- Effective separation of family roles and business leadership is crucial for successful transitions.
- A dedicated individual can mediate and help in differentiating family ties from business responsibilities.
- Successful succession aligns the roles of family members, particularly during leadership transitions.
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[@SachinTomar265]

really enjoyed it!

[@ShalondaWhitfield]

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