From the Editor's Desk

Succession planning: not all family businesses feud – here's how they help younger generations take over

Director, Centre for Family Business, Department of Entrepreneurship and Strategy, Lancaster University

When the world’s richest and most powerful families deal with the tricky task of succession planning, it can attract a lot of interest. Think of news reports from the Murdoch’s media empire or, more recently, luxury goods company LVMH. Even fictional clans such as the Roys of TV show Succession attract massive global audiences with tales of dysfunction as members battle for control of the family firm.

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