The creator of the empire, the one who built the idea, the structure, and the network, leave that strong foundation for the next generations.
The 3rd gen inherit enough till their retirement day and they lose the desire or experience to continue building this empire.
They leave this company to operate by hired teams, consultants and board of trustees
- Big Ego
- Independence with the legacy, builded by the 1st gen
- Controlling the management part on their own
- Organizational culture issues
- Rules and regulations got messed when company running by 3-4 gen
Everything can get collapsed when those issues are starting.
To learn more about how to prevent or solve those issues, book consultation session with me, link in bio
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