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The three 'theatrical acts' of the family business leader

One reason that family business succession is problematic for leaders is that the succession process focuses on getting the technical business tasks right but often fails to address the family social and emotional tasks.

LEADERSHIP transitions in family businesses are messy and complex processes that affect the family's social, psychological and economic wellbeing. This process is seldom straightforward, so it is played out over years and even across generations - punctuated with starts, stops and reversals. You