Business succession determines whether continuity is secured or valuable substance is lost.
It rarely fails because of a lack of competence. It becomes critical when roles, power, and identity are redistributed. Decisions and loyalties shift. What represents progress for some may feel like a rupture to others.
The underlying cause is different expectations and ideas of leadership, not a lack of performance.
For owners and successors, this is a far-reaching and deeply personal step.
For the company, it determines continuity and long-term success.