Leadership successions raise a variety of financial,
operational, and strategic challenges that underscore
the need for careful succession planning.
The cultural dimensions of enterprise successions are
equally challenging. In addition to the uncertainties
inherent in the succession process, company stakeholders
must contend with changes in the management styles
between the outgoing entrepreneurial founder and the
incoming leadership team. The success of company
transitions hinges on the ability of owners, managers
and employees to navigate these cultural shifts. pdf
