It's a well-known truism in the corporate world: Organizations that don't evolve run the risk of becoming obsolete. But instead of anticipating and reacting to market demands like their for-profit counterparts, many nonprofits hold on to old ideas about how their organizations should be run
Grooming a successor in any business setting can be difficult, but it can be especially tricky in a family business. Explaining to your adult child or other heir that he or she lacks a specific skill set is considerably harder than telling a nonfamily member successor.
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