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Family Business Succession
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Table of Contents

Introduction: The Final Test of Greatness The Pieces of the Succession Puzzle The CEO's Personal Challenge: Preparing for a New Life Preparing Your Business for Succession Developing Effective Successors Preparing the Family for a Successful Transition Preparing the Responsible Owner Team The Evolving Roles of Leader and Successor Implementing Succession Understanding Family Tensions Other Pitfalls: Where Are You Most Likely to Stumble? Summary Appendices Index

About the Author

CRAIG E. ARONOFF Co-founder, Principal, and Chairman of the Board of The Family Business Consulting Group, Inc., the founder of the Cox Family Enterprise Center and current Professor Emeritus at Kennesaw State University, USA. He invented and implemented the membership-based, professional-service-provider sponsored Family Business Forum, which has served as a model of family business education for universities world-wide.
 
STEPHEN L. McCLURE Principal at the Family Business Consulting Group, Inc. and specializes in family communications and decision making, succession planning and implementation, and governance & management in family firms.

JOHN L. WARD Co-founder of the Family Business Consulting Group Inc. He is Clinical Professor at the Kellogg School of Management, USA, and teaches strategic management, business leadership and family enterprise continuity.

Reviews

'The authors have written a most useful sequel to their first work on Family Succession. They provide us with a wealth of answers to the succession challenge from specific family case histories addressing the powerful issue of how the family business and it's legacies can be continued. Too many families neglect the succession issue until it is too late to preserve the essence of what made the family great.' - Harry Martin (former Head of the Cargil McMillan Family Office), Family Advisors, LLC, Mystic, CT 'Family Business Succession: The Final Test of Greatness is a must read for those serious about succession.' - Marshall Paisner, Chairman, ScrubaDub, Natuck, MA 'Final Test of Greatness is the standard bearer for an excellent series of booklets that provide practical guidance on tough family business issues.' - Ross W. Nager, Sentinel Trust Company, Houston, TX 'While our father was a great journalist and businessman, and a wonderful parent, his transition planning was inadequate. Fortunately for our family and business we used the principles we found in Family Business Succession: The Final Test of Greatness to help guide us as we developed and implemented our succession plan. As a result, we are a healthier and more prosperous family and family business than we ever dreamed possible.' - Betsy McCool, Chairman, Western Communications, Bend, OR

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