Home » What we do » Family Business Management » Generation changeover
The generation changeover process begins when the founders become aware that they want to pass their business on to their children and/or relatives. This process is more complicated if there are multiple branches of the family (siblings, children, grandchildren, etc.) in the organization. It is a phase that lasts many years and it takes adequate preparation for all involved.
Together with the owner, we develop targeted and personalized support in the management of all the phases of the generational transition described below.
The Phases of the Generational Transition:
Source: Managing Succession in Family Businesses – Analysis of Italian Cases by Vittorio Chiesa, Alfredo De Massis, Marta Lina Pasi
Usually, during the transfer to the heirs, there is a period of transition in which the “old” generation and the new one live together in the company. During this phase (which can be very long), it is of fundamental importance to establish a healthy dialogue between the players involved.
It is frequent that conflictual dynamics are triggered between family members living together within the company. The coach helps to overcome this critical issue.
Types of Generational Transitions:
The Conditions for Successful Generational Change:
Lody srl – 800 984 602 – info@lody.it – P.I. 02241070164 – Privacy Policy – Cookie Policy