Involving the deliberate and systematic process of identifying, developing, and nurturing individuals within (or from outside) the family to take over key leadership roles when the current generation retires or steps down; succession planning is crucial for the longevity and prosperity of family-owned businesses. Our global experts share their insights into the importance of succession planning in family-owned businesses; examine the trends impacting the family-owned businesses and unique advice on how to best approach the issues impacting these businesses, whether they are 2nd generation businesses or 11th generation multi-billion Euro businesses.
AltoPartners Global White Paper “Solving the Puzzle On Succession Planning in Family-Owned Businesses : Global Insights and Trends 2023” - Download document
Read an insightful interview with Renée de Kuyper, specialist advisor to family owned-businesses, as she shares how they positioned an “11th Generation Cousin Consortium Business For the Future”. Read Renée de Kuyper’s exclusive interview with AltoPartners here and learn about the 11th generation family-owned business De Kuyper Royal Distillers in the Netherlands.
Succession planning is a strategic investment in the future of a family-owned business. It not only addresses the immediate concerns of leadership transition but also positions the business to thrive in the long term by nurturing capable leaders and promoting a culture of adaptability, innovation, and sustainability.
Over the course of the next few weeks, we will continue to share exclsuive in-depth interviews from our global partners on how family-owned businesses across Asia Pacific, the Americas and Europe are solving the puzzle on succession planning.
With contributions and leading insights from Sonal Agrawal; Santiago Solis Arias; Joo-Lee Aw; Ricardo Bäcker; Albert Froom; Corinne Klajda; Carol Leonard; Toral Patel; Sorin Popa; Julia Zdrahal-Urbanek and Wolfgang Sauerzapf