Generational change for the Hungarian family businesses

“Two-thirds of the family businesses do not survive the generational change. In Hungary and in the neighboring countries the family businesses have to face this challenge in the near future.” The following article tells you more about this (only in Hungarian language):

In order to make the process of succession successful, you need to make sure that the managing director does not make all the decisions and does not bear all the responsibility alone. For the charismatic founder to be able to leave the operation of the company safely, it is necessary to establish a level of competent middle managers.

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