The differences between generations in a family business can
have tremendous impact in regards to leadership succession, according to a
white paper written by Terrence Cahill, acting chair and associate professor at
Seton Hall University.

The white paper, Understanding Generational Differences in
Family Businesses - Recognizing Clash Points That May Impact Leadership
Succession, penned for
The Network of Family Businesses, explores clash points
between three, four and sometimes five generations working together in the
workplace.

In the context of family businesses these differences have
much more far reaching importance in respect to the critical task of leadership
succession, according to Cahill.

You can read the full document here.