Loss and Continuity in the Family Firm

Abstract

There is little in the family business literature that focuses on the greatest impediment to the succession process: actual, anticipated, or denied losses. In order to successfully handle the issues related to continuity, the consultant must understand and be able to help the family deal with the issues related to loss—particularly the ultimate loss, death. This article examines factors that determine how losses affect family business systems and offers suggestions for consultants about assessment and intervention in these situations.