Succession Strategy for a German Mittelstand Manufacturer
Overview
What this challenge is about.
You are a family business consultant hired by the advisory board. Your task is to develop a 3-year succession roadmap, including a governance structure (e.g., family council, board composition), a leadership transition timeline, and a communication plan for stakeholders. Success means a plan that is legally sound, minimizes family conflict, and ensures the company's strategic direction. Constraints: no sale to outsiders; must involve at least one family member in leadership; budget for external advisors is limited.
The Brief
What you'll do, and what you'll demonstrate.
How to design a succession process that transitions leadership to the next generation while preserving family unity and business performance?
Earning criteria — what you'll demonstrate
- Analyze family dynamics and their impact on business continuity
- Design governance mechanisms for family-owned enterprises
- Develop a phased succession plan balancing family and business needs
- Evaluate legal and tax implications of ownership transfer
- Communicate complex recommendations to diverse stakeholders
Program Fit
Where this fits in your program.
Sharpens the same skills your degree expects you to demonstrate.
Skills
Skills you'll demonstrate.
Each one shows up on your verified credential.
Careers
Roles this prepares you for.
Real titles. Real skill bridges. Pick the one closest to your trajectory.