One of the most consequential decisions a family business leader can make is spotting and developing the next generation of leaders. However, most family business leaders only consider one family member as a successor and ask, “Will he or she make a great CEO?” rather than thinking of many key family members and the multiple critical potential roles they can play. Even among leaders who want to conduct rigorous assessments of the next generation’s leadership capabilities, most don’t know what to focus on and many wait too long to ask crucial questions. Family business expert Claudio Fernández-Aráoz leads an HBR webinar where he will share an effective process for developing the next generation of leadership in a family business. He will discuss:
Passing the torch in a family business can be complicated and challenging. Done correctly, the search and development for future leadership requires paying close attention to the capabilities, potential, and desires of family members. Ultimately, a good process can put the business in a strong position to succeed, while giving family members the chance to live fulfilling lives where they become leaders and achieve impact and purpose in their own unique ways. Request Free! |