Latest / Family Business Stories with Fexingo: Succession, Legacy, and Multi-Generational Companies
How Family Firms Survive the Second Generation Crisis
Most family businesses die not because of bad strategy, but because of bad chemistry. In this episode, we examine the specific structural mechanisms that allow second-generation leaders to survive without fracturing the company culture. We look at why emotional intelligence often matters more than financial literacy in succession planning, and how firms like Hermès and Mars avoid the common trap of promoting competence over character. Lucas and Luna discuss the hidden cost of keeping unqualified relatives on payroll versus the long-term risk of losing institutional knowledge.
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The skinny
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