The process of succession planning is a complex one. This is often compounded by what is known as sticky baton syndrome.
In essences, this is the scenario where the implementation of a succession plan is delayed, often over many years by underlying issues that mean the senior generation don't feel they can 'let go'.
There may be many reasons for this, and exploring these can be difficult and take time, but the author of this article makes the point that "business succession via death" has never been considered "best practice"
Family Businesses are known for their tendency to look at things with a very long-term view, compared to non-family companies who often only look out as far as their next quarterly earning report.