The Control Freak Culture and It's Impact on Successor Development

As I expressed in my previous post, the deployment of a succession plan should address the organizational and family issues that can impact the continued success of the business through the next generation of owners and managers.  Assuming a control freak has been at the helm, activities would include assessing the impact of the control freak and development of plans and processes that can discontinue the inherent handicaps to the continuation of success. The most prominent curse of a control freak is that the next generation of owners and managers have not been allowed to make mistakes. The concept that “success is based upon the failures you learn from” is null and void. Further investigation should confirm that a major characteristic of the predictably productive environment is that here have been few if any mistakes or wasted resources. To read the end of this blog, click here.