How a CEO's Personality Affects Succession Planning

There are many tried and true steps family business owners can take to facilitate the smooth transition of power. However, while legacy planning has some science behind it, it's also an art — which means any number of variables must be taken into consideration in specific situations.

Perhaps one of the biggest is the CEO's personality, which could play a significant and often unexpected role in determining how the future plays out for the company — absolutely in the short term and possibly over the long term as well.

Don't Look for a Clone