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Need an research paper on the succession experience of the next generation. Needs to be 7 pages. Please no plagiarism. Family business is more so in terms of leadership and the management of the firms. In most cases, conflicts arise among the stakeholders on who is supposed to take the lead in case the leadership positions remain vacant due to various causes. It can also lead to intergenerational conflicts which can also be very critical to the existence of an organization. This may affect the overall performance and to some extent the existence of an organization. There are various factors that determine the success of the business from one family member to another. It is important to note that there is a significant difference between intra-family succession and transitions between family and non-family members (Handler 298). As already noted, the family business represents the largest fraction of the global economy. Therefore, they are essential to the well being of the global economy. Poor succession in family businesses can therefore adversely affect the performance of an organization. Many countries like Europe have come up with various measures to make enterprises aware of the importance of having thorough planning of the succession process in a timely fashion. This is in an effort to rescue family organizations from falling. One of the major issues in family business succession is the next generation preparation

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