Great leaders know that ownership can be given

as inheritance but not leadership. One has to earn it by learning and demonstrating the ability as a leader. Once the person solves people’s problems, stands by them and adds value to others’ work then people voluntarily give him right to control them. The leader gets birth.

Great leaders first groom their successors, allow them to prove their worth as a leader before handing them their inheritance. This succession planning & execution is done methodically and meticulously by the outgoing leaders. This article explains the nuances of such method.

This article Is useful for the family managed businesses in passing on their inheritance successfully.

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