How the Next Generation of Family Business Leaders Are Making Their Mark: Same Passion, Different Paths

The world has gone through seismic change since the current generation of family business leaders first joined their family firms. Today’s next gens are educated, ambitious, globally minded and socially engaged. Given that they may pursue different paths in the future—whether as stewards, transformers, intrapreneurs or entrepreneurs—to follow their passion and make their mark in the world, the current generation must prepare, equip and support the next gen to be successful. Reflecting on these different paths can motivate and encourage fresh thinking about the art of the possible for the next generation. It also means having an understanding of what ‘success’ looks like both from the business and family perspective.