Explore how to create successful family business leadership succession
STORY BY: EDITORIAL STAFF
Join the Center for Family Business Leadership Succession Program for an event titled "Myths and Mortal: Family Business Leadership and Succession Planning" Tuesday, Sept. 30, from 8:30 to 11:30 a.m.
By nature, humans seek to mythologize the leaders who have gone before us resulting in long shadows for those who come after. As a result, successors struggle to establish credibility and find their own authentic leadership style.
Based on research with successors of family business legends such as Massimo Ferragamo, Bill Wrigley Jr. and John Tyson, this program shares the challenges and resulting strategies to prepare the next generation of leaders to establish credibility, persevere through failure, and honor the past while charting a "way forward." To be successful, family members need to create their own identity and step out of the shadows to be the effective leader the business needs.