Regardless of their size or industry, organizations must be ready to tackle the inevitable transitions that come with leadership changes. Such transitions are critical junctures that can either propel a company forward or severely hinder its progress, depending on how well-prepared the organization is. This is where the concept of succession planning comes into play.…

Family-owned businesses have always been at the heart of our economy. They provide jobs, goods and services that support the families and the communities they serve. Regardless of their scale, every family-owned business will eventually face the challenge of transitioning leadership and ownership. This is why succession planning is crucial for their long-term sustainability. The…