Recently, the Family Business Alliance hosted a dialog between two generations: the “Now Generation” — those currently running the family business — and the “Next Generation” — those who may one day take over from them. The questions posed to the Now Generation panel were derived ahead of time from an audience comprised of 50 men and woman of the Next Generation of their family’s business.
The dialog between the generations was fascinating. There were great questions asked by the audience and many wise words imparted by the panel. Although the participants are confidential, I thought I would capture some of what was said.