Leading the Family Business Through Succession How Different Generations Create Value Together

"Successful family enterprises that are able to thrive over generations don't "just happen" they are led. Harry Korine and Michael Hilb understand that succession should always be viewed as an opportunity for strategic renewal that must balance continuity and change and that requires leadership from both generations. I recommend this book wholeheartedly." ("Ivan Lansberg, Founding Partner, Lansberg, Gersick and Associates")
"This book succeeds in restoring clarity where emotions might otherwise cloud judgment, thanks to the pragmatic approach and profound insight of its authors. With twenty-five years of experience in this field and a decade of managing the family business, I can attest to the invaluable lessons shared in this book." ("Raffaella Zavattaro, Chair, GEFIT S.p.A.")
"At a time when family businesses are grappling with the dual challenges of preserving their legacy and embracing change, this book emerges as an important read. It succinctly captures the intricate dynamics of intergenerational leadership, providing essential guidance for those navigating this complex terrain and emphasizing the valuable contributions that both generations bring, despite their differences." ("Andy Lim, Chairman, Tembusu Partners Pte Ltd")
"This is an insightful and valuable book for multiple generations. It's the perfect roadmap for families to sustain their business for the long term, providing best practice examples of how to structure governance to preserve the family while also creating value for all shareholders. It is very relevant for our third generation to embrace, learn from and implement." ("Wissam Ariss, Vice Chairman, Unigaz Group, Lebanon; Vice Chairman, Lumière Group")
"In the family business, an effective succession process involves several generations working together, side by side. This indispensable book traces the route to follow and specifies the steps to be taken." ("Pierre-Yves Gomez, Founder, French Corporate Governance Institute")
"The big risk of family business remains succession. Harry Korine and Michael Hilb present succession not as a hierarchical issue, where at some point the current generation passes the lead to the next one, but as a collaborative one focused on both generations joining in value creation with their respective views and experiences, skills, and talents. I highly recommend the book to any family that wants to be more collaborative, so as to be more sustainable and performing, as a family and as a business." ("Ludo van der Heyden, Professor Emeritus, INSEAD")
"Harry Korine and Michael Hilb offer a successful mix of approaches: practical examples, conceptual analyses, and thought-provoking exercises. This combination provides valuable guidance and support for family businesses navigating the challenges of generational transition." ("Marie-Christine von Pezold, Independent Family Governance Advisor and Director, Family Business Network Switzerland")
"This must-read book provides family officers and expert advisers with lessons they can apply to successful co-evolutions of generational succession in practice. Having led and advised family businesses in multiple geographic and cultural contexts for over three decades, I know this book will positively enrich your approaches to side by side cross-generational transitions." ("Roderik J. P. Strobl, TEP, CEO, Leo Trust Switzerland AG")
"Harry Korine and Michael Hilb provide invaluable insights, practical strategies and real-world examples that will be of interest to both the current and next generation of family business leaders. Whether you are preparing for a smooth transition or facing the challenges of succession, this book is a must-read as it provides the tools and knowledge you need to ensure the long-term success and legacy of your family business." ("Peter Vogel, Professor of Family Business and Entrepreneurship, Director of the Global Family Business Center, IMD")
"As a co-owner of a Ukrainian second-generation family business, I found this book both exciting and highly educational. The book's well-structured blend of family stories and practical advice makes it a valuable resource. Its practical guidelines and exercises are easy to apply, helping us build a strong governance structure while allowing Next Gens the freedom to pursue their own career aspirations.This perspective shift from succession to co-evolution has been truly eye-opening." ("Olena Vovk, Co-owner, Enzym PJSC and Kormotech LLC")