Bose’s lesson for the ages
Boston Business Journal - 08/02/2013
Some companies last for generations after the loss of their founding visionary. And to be sure, examples of successful generational transfers abound, from Ford Motor Corp. to Walmart.
But fewer than one in three companies survive through a second generation of leadership and only one in 10 survive through a third generation, according to research by the Northeastern University Center for Family Business.