Skip to main content

The future of your family business starts here

Three top insights for tackling succession through targeted next generation development

Save to my profile
The-future-of-your-family-business-starts-here-LBSR-974x296

Next-generation owners represent the future of any family business. Without their motivation to continue adding value to the family business, no future can be envisioned. Family-business owners want the next generation to be involved in the business to maintain it as a source of family pride, to safely preserve the legacy of founders and better maintain the family’s values and image.

But only a rough third of family businesses survive the transition from first- to second-generation ownership. Those that make it beyond the third generation are much fewer – at this stage only 10-15% of the original firms remain in family hands.

Discover fresh perspectives and research insights from LBS

Think at London Business School: fresh ideas and opinions from LBS faculty and other experts direct to your inbox

Sign up

Sign up to receive our latest news and business thinking direct to your inbox

close