Dairy farms are struggling to survive as production costs exceed sales. The result, consolidation, with more cows on bigger farms, has an impact on communities and knowing where your food comes from.
Articles on Succession plans
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Many family businesses pass through generations without issue, some even grow stronger.
The plan to replace Museveni with his son has dramatically shifted from rumour to reality in recent months.
In the past, the lack of a succession plan for China has led to political unrest in the country. If it happens again, it will also affect the world.
Traditions shouldn’t be thrown out since they often provide a vital foundation for the family business. But they also shouldn’t be rigidly enforced.
The co-operative business model needs to be seriously considered and nurtured as a viable response to closing companies and lost jobs as a result of the pandemic.
As aging parents wonder about the future of the family businesses they founded, four succession strategies could help.
Top contributors
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Full Professor and Patricia Saputo Distinguished Professor in Family Enterprise. Academic Director of the Family Enterprise Legacy Institute (FELI), L’Université d’Ottawa/University of Ottawa
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Associate Professor, Strategy and Governance, National University of Singapore
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Associate Professor, Adult Education and Community Development, Ontario Institute for Studies in Education, University of Toronto
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Lecturer, RMIT University
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Distinguished Professor, Arthur J. Gosnell Professor of Economics, & Head, Department of Sustainability, Rochester Institute of Technology
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Executive Manager, Family Enterprise Legacy Institute (FELI), L’Université d’Ottawa/University of Ottawa
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Director, Centre for Family Business, Department of Entrepreneurship and Strategy, Lancaster University
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Professor of Anthropology and International Development, The University of Western Australia
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Winspear Chair of Management & Associate Dean Research, University of Victoria
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Lecturer in the Department of Entrepreneurship and Strategy, Lancaster University
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Professor in Entrepreneurship and Family Business, University of Chieti-Pescara, IMD and, Lancaster University
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Associate Professor of Animal Science and Dairy Extension Specialist, University of Tennessee