Emotion and reason—a common polarity seen in family business succession. This polarity often leads to frustrations and misunderstandings between the Rising Generation and the current leadership. We can’t help but wonder, Why is it that after years preparing for transition the current leader suddenly has cold feet?
There is a myriad of reasons, according to Cathy Carroll. Loss of control. Emotional attachment. Loss if identity. Even those who are prepared for the transition—who recognize its necessity and have a succession plan in place—are suddenly hit with anguish. What should the Rising Generation do, if anything, when they experience pushback from the current leadership?
The number one thing, Cathy Carroll argues, is have empathy.
To learn more about these struggles with transition and what you can do when you experience pushback from current leadership, check out “Family Business Succession – Why is it so hard to let go?”
Read about what to do when you experience pushback from current leadership here.
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