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Succession

There’s no shortage of findings that suggest family businesses have their work cut out in terms of succession planning.

PwC

When PricewaterhouseCoopers launched its survey of Irish family businesses earlier this year it found the key threat to all family businesses was succession, and yet only 51% of Irish family bus­inesses have a formal succession plan in place. PwC’s Paul Hennessy and Dermot Reilly explain why

Being an entrepreneur and running a family business can be lonely but women simply can’t afford to be unproductive, which is why so many of them excel at their task at hand

Succession is widely believed to be the central management issue in family business. The very idea of succession rests on the notion that a set of generic concepts underlies the planning process.

Antonio García (18) worked for Mr Garza in a laboratory preparing food supplements. Antonio was a committed, hardworking and loyal employee. Mr Garza (72) wanted to retire and have some time to enjoy life.

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