Succession arrangements and quarrels. Game of Monopoly with family-owned businesses
They are the often-quoted backbone of the German economy: Family-owned businesses. Among their major strength are clear structures and short decision processes. But a lack of succession arrangements and quarrels could jeopardise the success of the businesses. “There is often a lack of professional distance. The parties involved should seek expert advice.” says Prof. Klaus Schweinsberg in the german newspaper Rheinische Post.
