What is it about?
This article presents an interview with Christopher Oughtred former chairman of William Jackson and Son, a leading UK food manufacturer. Christopher formulated a detailed and tangible five-year plan that, unusually in the business world, went exactly according to plan. Christopher is a phenomenon in the family business world. Rarely do we see such "textbook" or "smooth" successions. It is also rare to see a leader such as Christopher, in the prime of his middle years, who feels compelled to put the succession wheels in motion relatively early. In this article Christopher talks about his plan and about how succession is as much of an emotional challenge as a business challenge.
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Why is it important?
The article offers a rare insight into the mindset and management thinking of successful family firm dynasty. The article will be helpful to practitioners and academics who are interested in management decision making processes and thinking.
Perspectives
This article is a rare insight into the thinking of senior managers in family firms. Christopher generously shares his thinking with my colleagues and me in a way that gives amazing insight into management decision making. We asked Christopher many questions and I found his answers fascinating. We also discussed future research about family business succession and some suggestions are inspriing.
Dr Lorna A Collins
Read the Original
This page is a summary of: Strong governance: a result of evolutionary and revolutionary processes, Journal of Family Business Management, October 2014, Emerald,
DOI: 10.1108/jfbm-08-2014-0020.
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