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- Jul 14, 2008
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One of my hobbies is to monitor companies which were formerly run by the father, and now run by the son.
Some continue to chug along, with not much changes.
Some embark on new exciting projects. Others slow down or even take a step backwards.
One company I know of, the son went to manage 2 larger unrelated companies, one in China and one in Singapore, before returning to manage the company formerly run by his father.
Another company, the son ran a subsidiary company before returning to manage the holding company, and continue to chug along.
In a third company, the son stayed by the father's side, before one day taking over. He embarked on new exciting projects, together with sexy presentations after he took over.
In a fourth, growth slowed after the son took over. Some detractors would argue that growth should have been faster, given greater opportunities.
Usually, the father set up a strong and solid foundation, otherwise we would not even be bothered about the son or the company.
But whether the younger man does well or not, is not always dependent on his individual ability, intelligence or intentions.
Sometimes, it's based on the relative difficulty they faced to get there, and their perception of risks, to stay there.
Another important factor is the people around them. If these people do not give the necessary advice including hard knocks, due perhaps to respect, fear or deference to the older man, it will also be more difficult for the younger man to succeed.
A third factor is the relative experience they gather elsewhere. The guy from the first company above, would probably be in a better position to weather storms.
Some continue to chug along, with not much changes.
Some embark on new exciting projects. Others slow down or even take a step backwards.
One company I know of, the son went to manage 2 larger unrelated companies, one in China and one in Singapore, before returning to manage the company formerly run by his father.
Another company, the son ran a subsidiary company before returning to manage the holding company, and continue to chug along.
In a third company, the son stayed by the father's side, before one day taking over. He embarked on new exciting projects, together with sexy presentations after he took over.
In a fourth, growth slowed after the son took over. Some detractors would argue that growth should have been faster, given greater opportunities.
Usually, the father set up a strong and solid foundation, otherwise we would not even be bothered about the son or the company.
But whether the younger man does well or not, is not always dependent on his individual ability, intelligence or intentions.
Sometimes, it's based on the relative difficulty they faced to get there, and their perception of risks, to stay there.
Another important factor is the people around them. If these people do not give the necessary advice including hard knocks, due perhaps to respect, fear or deference to the older man, it will also be more difficult for the younger man to succeed.
A third factor is the relative experience they gather elsewhere. The guy from the first company above, would probably be in a better position to weather storms.
