Logan Roy, take note: it is possible to handle generational transition in a healthy way, say some UK business dynasties
and his cut-throat clan for the running of their own family firm – a leadership development consultancy, appropriately.
Handing over the family firm doesn’t have to be done the Roy way, which is not to say there isn’t potential for dynastic tensions as the younger generation supplants the older. Rufus Sanders was a disaffected language teacher when his father told him he planned to sell the specialist footwear shop he had founded close to Piccadilly Circus in London.
After that, says Sanders, “he was very much like – well, it’s your thing now. It’s your problem. That was great, because that was exactly what I signed up for.” The business has since closed, and they remain a loving family, he says – clarity over the transition helping to keep it that way.
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