For family businesses, succession is often a tricky issue that, if not properly managed, will rear its ugly head both at work and at home. Yet, for a business to prosper, concepts of meritocracy need to be in place, perhaps over and above biological ties. At a recent panel organised by the UOB-SMU Entrepreneurship Alliance Centre, the heads of four Singapore family businesses describe the different paths they took to the top and how they plan to pass the baton.
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Leadership and Change
When it comes to succession in Singapore family businesses, blood not always thicker than water. (2011). Knowledge@SMU.
Available at: http://ink.library.smu.edu.sg/ksmu/286