BUSINESS SUCCESSION – THE EARLIER, THE BETTER

At one point, every head of an automotive dealership faces questions about the future of the operation and whom should take over the leadership position. To make such transitions successful, expectations and intent need clear articulation, at an early stage. Many handovers fail when psychological and emotional aspects are not brought to the fore and addressed in a positive light. In particular, handovers within the family and succession planning can inadvertantly cause rivalries within the family.

kfz-betrieb 21/2015, 21.05.2015

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