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.

Read the article at Boston Business Journal →