Business & Economy · 57 views
McKinsey studied 200 family business successions. The biggest problem wasn’t the heir — it was the outgoing CEO
New research across 50 countries finds family-owned businesses underperform for five years after a leadership transition — and the culprit is usually the person leaving, not the person arriving.
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A recent study by McKinsey on family business successions has revealed a surprising finding: the biggest problem in these transitions is not the incoming heir, but rather the outgoing CEO. The research, which analyzed 200 family business successions across 50 countries, found that these businesses tend to underperform for five years after a leadership transition.
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