The SOAKWU Epidemic: The Great Threat to Succession Success
Recently a client – Steve – expressed great concern about complacency. “I think it’s creeping into the organization and the family; and I’m not sure I know what to do about it. Our numbers still look good, but we seem to have lost the ‘fire in the belly’ that drove us for so many years.” When I asked him to be more specific, he talked about “cruise control” management; “no one is as good as we are and we’ve paid our dues attitudes”; and entitlement episodes among immediate family members.
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Labels: business succession planning, family business succession planning, key manager retention, successor development |
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