An important G2 meeting ends with everyone aligned around the vision for the future. But right before the vote, the G1 seeds doubt that derails the entire meeting. The vote doesn’t go through. The business grinds to a halt. The generations are at odds. The promised transition of authority to G2 is undermined—and reluctant to move forward.
This example is common within family businesses. Both the former leader and the next generation agree to the theory of transition, but when it comes time to the actual practice, they become stuck.
How does the family get unstuck? Read here.
Read about decision-making in a family business here.
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