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FEATURED ARTICLE
Locked in the past: Founders who refuse to let go put the family business at risk
Their actions can prevent the next gen from learning, building confidence and earning the respect of others
One would imagine that a major obstacle to successful succession is a lack of readiness of the next generation to assume responsibility for leading the family business.
In some cases, that may be true. However, in many family businesses, the major obstacle to a smooth transition is not talent in the next generation but founder behaviour that keeps the business locked in the past. Founders often mean well, but when they hold on too tightly to control, fail to delegate or treat the next generation like children instead of leaders, they paradoxically end up weakening the very future and legacy they want to protect.
It's our most popular article so far this week—a commentary written by Dr. Gerald Pulvermacher.
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Joé Harvey, co-founder of Femmes en Santé, on improving women’s health through policy, collaboration and sheer will
‘Impact comes from bringing together people who usually operate in different spheres: clinical practice, policy, finance, innovation and corporate leadership. When those perspectives meet, new ideas emerge and collaborations form that would not otherwise happen.’
Women’s health has long been perceived as a niche issue—with conditions from menopause to PMS, migraines and endometriosis underfunded and under researched.
But the conversation is starting to shift, with many recognizing that working to close the gap in women’s healthcare will not only improve outcomes and drive societal transformation, but represents a major economic opportunity — in terms of potential global GDP growth and the commercial market for new products and services, says the McKinsey Health Institute and the World Economic Forum.
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