A Development Plan for the Next Generation

In the January 2012 edition of Family Business Magazine, Relative Solutions principal Fran Lotery details critical questions that emerge as family enterprises anticipate a future generational transition, including:

• What does the next generation need to be prepared for?

• How big is this challenge, and how will it be met?

• What is the priority? Is it to develop the human capital of the family or future leaders, or a combination of both?