If the CEO of a small business dies, what helps keep the business afloat?

Small and family-run businesses tend to be founded and led by hands-on CEOs. So if that CEO dies suddenly, there’s often a huge impact on the business, its employees and customers – practical as well as personal.

Professor Francesco Chirico from Macquarie University joined Cameron Furlong this morning on the Thursday Daily. He shared some recent findings about how a business can best be ready to handle the possible death of their leader.

He’s Professor of Strategy and Family Business, in the Department of Management, Macquarie Business School, and Co-Director of the Macquarie University Innovation, Strategy and Entrepreneurship Research Centre.

 

Like to read more?

Article in The Lighthouse: Australian businesses could learn about succession plans from a TV drama

Research paper in the Journal of Management Studies: The king is dead – long live who? A family and firm embeddedness perspective on succession after the CEO-owner’s sudden death