RT Journal Article
SR Electronic
T1 Succession Planning
JF The Journal of Wealth Management
FD Institutional Investor Journals
SP 13
OP 24
DO 10.3905/jwm.2000.320375
VO 3
IS 1
A1 Barton Francis
YR 2000
UL https://pm-research.com/content/3/1/13.abstract
AB The author focuses on the issues related to succession planning in closely-held businesses. He states that working with family businesses affords unique opportunities and challenges, and argues that recognizing their particular strengths and weaknesses – not typically found in publicly owned companies – can provide important insight for successful planning engagements. Listing five important differentiating features, the author outlines and discusses a ten-step process designed to deal with effective succession planning. Turning to implementation issues, he introduced and discusses seven quantitative and nine qualitative tools, which could be used to create a customized solution.