If we compare the use of management power in a family business to a relay race, the generations succeeding constantly get involved in this team and take over the flag when the time comes.

It is possible for the family companies to survive properly by training the succeeding young family members who are candidates for management in line with this purpose.

It is necessary to focus on the characteristics of young members who will take over the management in family companies and to prepare them for these tasks. The following topics are dealt with in the program: How young generations should go through a preparatory phase until they take over, whether they have to undertake this duty or not due to the fact that they are a family member, what kind of competencies they should have to undertake this duty, and how to abide by the decisions to be taken as a result of this process.

Objectives of Successor Training Program

·         To prepare the successor to the boss role

·         To create a career plan suitable for the personal success of the successor in line with the corporate objectives

·         To develop entrepreneurship, leadership-management skills of the successors and to broaden their horizon

·         To help the successors to be more successful and to continue their success

·         To give moral support and motivation to the successors and to improve their performance

·         To enable the successors to discover and develop their potentials specific to their personality and gain fruitful results.

·         To allow the successors to discover and develop aspects of their personality that are open to development

·         To improve the quality of life of the successors

·         To help the successor to cope with crises, problems and difficult situations more easily, and to manage the negative atmosphere created by suspicions, confusion, worries and fears in such situations

·         To improve the management quality of the family business

·         To help the institutionalization of the family business

·         To improve the quality of relationship and communication within the family