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Shaping succession successfully
Succession in a mid-sized company means taking on responsibility, for the person handing over and for the person taking over. It is the basis for the company's future and it secures a life's work.
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Succession in a mid-sized company means taking on responsibility, for the person handing over and for the person taking over. It is the basis for the company's future and it secures a life's work.
Succession concerns the handover of responsibility and ownership. And succession affects the future of the company, its people and the owning family. Whether within the family or through an external succession solution, what matters is taking the right decisions in good time and setting the course for the next generation.
Business succession begins long before the company changes hands. It calls for a clear statement of the owners' intent on how the company is to be led in future. From this follow the preparation of the company, the development of the successor, the arrangement of ownership and responsibility, and the legal, fiscal and organisational safeguarding of the transition. Family, company culture and the long term future of a life's work all play a central part. We know that succession is not an event but a process, one that brings together all the relevant perspectives, ideas and wishes and sets the course for the coming generations early on.
Would you like to talk about succession?
Arrange an appointmentFirst we build a picture of the situation, set the objectives and define the project scope so that the assignment is clear.
In the second phase we produce the as is analysis, define the potential we see and formulate solutions matched to the diagnosis.
Now comes the phase of change, in the shape of a concrete package of measures that we put into practice along a timeline.
The fourth phase covers impact controlling and secures the result by stabilising the measures, with final documentation.
When succession within the family is not an option at operational level, external management is a real alternative for keeping the company in family ownership.
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Published in December 2022 in Econo magazine (issue 5/2022). Our managing partner Martin Auer describes why succession is an essential part of responsible company leadership at every stage of a company's life.
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Published in May 2025 in the Karlsruhe Chamber of Commerce magazine WIMA (issue 5/2025). Our managing partner Ann-Katrin Hardenberg explains how companies can proceed when the next generation does not want to take over the succession.
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