In Succession and Transition Planning Part 2 of 3, Gerald (Gerry) Pulvermacher, Ph.D., C.Psych. considers elements that frequently take a back seat during family business succession.
As Gerry discusses, succession is not the slam-dunk many think it will be. Problems start to unfold as reality sets in. It’s important to apply business principles, but aspects like developing interpersonal skills and an entrepreneurial mindset are often overlooked.
At GPA, we know that success or failure of family business transition is as much about the leadership and interpersonal effectiveness of the next generation as it is about business knowledge. Leadership development is our expertise. With five decades of experience, we know exactly which characteristics are required to build a strong and healthy enterprise for generations to come.
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