Founder transition

Moving a business from founder-led to professionally managed without losing what made it work. The question is not when the founder leaves but what has to be true before the company runs without them.

Founder transition at Hanil Widget Works

Mr. Baek still holds the mill relationships personally. A transition that moves too fast loses them and one that moves too slowly leaves the incoming team without authority.

Founder-led business · Succession planning · Key-person risk · A Player Disease · Chairman of the board · The Thumb Scanner Principle · All of the glossary