Spencer Stuart: Navigating the Transition from Family-Run to External Leadership in India
With more and more businesses in India moving from family-run to hiring more external leaders, Spencer Stuart has published an article to help these organizations navigate this transition. Having spoken with four leaders of Indian businesses who have gone through this change, Spencer Stuart offers advice on how to integrate these new leaders and looks at the issues bringing in external leaders can present to the family.
Spencer Stuart cites the following as the best practices for a smooth transition:
- Follow predetermined processes
- Keep an open mind
- Ensure management alignment between both family and external executive