Passing the Baton: Role Transition of B.K. Jhawar
商品編號：9B11C037
出版日期：2011/10/26
再版日期：
商品來源：
商品主題：Entrepreneurship; General Management/Strategy; International Business; Organizational Behaviour/Leadership
商品類型：Case (Field)
涵蓋議題：Retirement;Succession;Philanthropy;Family Business;Social Entrepreneurship;India;Ivey/ISB
難易度：5 - MBA/Postgraduate
內容長度：8 頁
地域：India
產業：Social Advocacy Organizations
事件年度：2010
Most family businesses do not last long. Only one-third are able to survive the transition from the first to second generation. A critical issue in the survival of family businesses is the management of succession. Most successions fail because first-generation founders find it difficult to disengage from their business as they approach the age of retirement. As a result, they fail to prepare the next generation of successors for the leadership role. A founder’s failure to plan for succession is due to various reasons, such as a lack of non-work interests, psychological identity with a firm, and fears of aging or death. Due to these reasons, the founder’s retirement is frequently portrayed as a negative event. Succession, in turn, is often seen as a phase of crisis and upheaval, which a business must overcome. However, this need not necessarily be the case. Retirement can be a new and exciting phase of life, while succession can be viewed as a strategic opportunity to revive a business.
This case involves an accomplished business leader, B.K. Jhawar, founder of Usha Martin Group, who successfully managed the twin challenges of retirement and succession. By the time he reached the age of retirement, Jhawar had built up a social venture (KGVK) as his second career. Before completely disengaging from the business and transitioning to his new role full-time, Jhawar prepared the second generation for business leadership and effectively passed on the baton.
教學手冊：Passing the Baton: Role Transition of B. K. Jhawar - Teaching Note
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