One of the challenging issues with businesses is succession planning and that is the point where some businesses get it all wrong and crumble. One question that has to do with building succession for business is if the helm of management succession should be bequeathed to the offspring of the business founder or to a staff in the business.
Some people would argue that it is just right for the management after the founder is gone to be given to the son or daughter of the business founder to sustain the founder's legacy in the business. Others argue that the task of managing a business after the founder is gone should be given to a loyal staff who has worked with the founder for a long time to know the nitty gritty of the business.
Which side of the divide do you stand on this?
Some people would argue that it is just right for the management after the founder is gone to be given to the son or daughter of the business founder to sustain the founder's legacy in the business. Others argue that the task of managing a business after the founder is gone should be given to a loyal staff who has worked with the founder for a long time to know the nitty gritty of the business.
Which side of the divide do you stand on this?