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Building Your Bench - A Formula for Succession Success

In a family-owned business, building the company’s bench strength is a powerful and positive step to take to ensure an effective succession process.  Whether the future successor is a family member or not, any business can benefit from ensuring that the management level of leadership can be trusted to run the business with the same heart and passion as the original owner and the skills and experience of professional subject matter experts.


Transcript

Building your bench strength is important at any company. But it is particularly important in a family-owned business. There are four key aspects to really being able to build a strong bench. 


Lisë Stewart is a Director in the Closely Held and Family Business Services Group within the Private Business Services Practice. Lisë has experience in organizational development, strategic planning and training, and human performance management.

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