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training

July 9, 2018

For the founder of a business, putting in place a succession strategy and exiting the business can be a difficult process. Where some of the founder’s family are also involved in the business, that process can be further complicated by competing interests and differing visions. Every business is unique, but set out below are some guiding principles that can help an exit and a transition to the remaining family members.

For the founder of a business, putting in place a succession strategy and exiting the business can be a difficult process. Where some of the founder’s family are also involved in the business, that process can be further complicated by competing interests and differing visions. Every business is unique, but set out below are some guiding principles that can help an exit and a transition to the remaining family members.

Planning

July 17, 2014

A fresh-faced CEO straight out of business school isn't always the person to inspire public and investor confidence, but circumstances sometimes force a young candidate into the top spot at a family firm.

Picking a chief executive for any family business is a tough task. It is especially problematic if the company is bent on keeping a family member in the top job. This was the conundrum Gianni Agnelli faced when trying to prepare an heir to take the wheel of his family’s iconic Italian car brand Fiat. Drug addiction in his only son and then stomach cancer in his nephew saw his pool of potential successors whittled down to his 21-year-old grandson John Elkann.

July 9, 2013

Next gen education is all the rage these days, and rightly so. But some are breaking away from the classroom-based approach and are testing youngsters, not to mention giving their confidence a boost. 

Hurtling through the icy tundra north of Tromso in Arctic Norway, with a team of six dogs in front of you and an awful lot of nothing all around, is perhaps not the first place you might choose to do a spot of business education.

May 1, 2006

The definition of ‘train’ in The English Dictionary is “instruct or educate; to submit a person to arduous physical exercise for athletics; to cause plant to grow in certain way; to exercise body or mind to achieve high standard of efficiency; line of cars drawn by locomotive on railway track”.

John Tucker  is a Grant Thornton Fellow in Family Business at the International Centre for Families in Business.

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