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Does Your Family Business Have a Succession Plan?

Does Your Family Business Have a Succession Plan?

FromHBR On Strategy


Does Your Family Business Have a Succession Plan?

FromHBR On Strategy

ratings:
Length:
29 minutes
Released:
Jan 3, 2024
Format:
Podcast episode

Description

Rohit Gera had turned his family’s boutique real estate development firm into a dynamic housing solutions innovator for urban Indian families. But as he prepared to retire, Gera had to decide who would take over for him. Should he define a strategy for future growth and pick a successor who would enact it? Or should he identify his replacement and allow them to set the company’s new strategy? And should Gera’s replacement come from within his family or not? In this episode, Harvard Business School senior lecturer Christina Wing is joined by Gera to discuss her case, “Gera Developments: Leadership at a Crossroads.” She and Gera explain how to select a growth strategy for the future. They also discuss best practices for ensuring a successful leadership transition in a family business.Key episode topics include: strategy, growth strategy, family business, leadership, leadership transitions, real estate, India, succession. HBR On Strategy curates the best case studies and conversations with the world’s top business and management experts, to help you unlock new ways of doing business. New episodes every week. · Listen to the original HBR Cold Call episode: A Family Business at a Crossroads: Scaling and Succession (2021)· Find more episodes of Cold Call· Discover 100 years of Harvard Business Review articles, case studies, podcasts, and more at HBR.org]]>
Released:
Jan 3, 2024
Format:
Podcast episode

Titles in the series (56)

Business strategy isn’t a plan, it’s a framework for success. Whether you’re building, innovating, or executing, HBR On Strategy is your destination for insights and inspiration from the world’s top experts on business strategy and innovation. Every Wednesday, the editors at the Harvard Business Review hand-picked case studies and conversations from across HBR podcasts, videos, articles, and beyond to unlock new ways of doing business.