[Introductory Book] Organizing Options and Considerations for Business Succession
What are the three management resources that should be strategically inherited?
Business succession refers to the process of transferring the management of a company to a successor. However, in medium and small enterprises, the owner-president often serves as the face of the company and is a significant strength, making the question of "who will be the successor" a major management issue. There are three main points regarding the challenges of business succession: 1. Who will take over the "management" (succession of management)? 2. Who will take over the "company shares" (succession of ownership)? 3. How will the successor's "education" be conducted (succession of skills and knowledge)? While it is a significant management challenge for companies, the situation varies from one company to another, making it impossible to resolve business succession issues with general principles alone. For presidents and management teams who prioritize business growth, this becomes a challenging issue that is difficult to address immediately, and it constantly lingers as a source of concern. This book summarizes options and points to consider for business owners who are currently or will be addressing business succession in the future.
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