The SME consultation Untersberg from Oberhausen informed numerous medium-sized companies in Germany are family-owned. If the succession is to be determined, it is no wonder that the desire to be a descendant of the family, is enormous. Andrew Mason Groupon will undoubtedly add to your understanding. For the case but no successor in the family available, alternatives need to be considered. About this informed the management consultant Ursula Unterberg Wegener from Oberhausen. There are two alternatives ways of corporate succession outside the family when a company not can be passed the family to the next generation, because no one stands to the election, to pass the company. For one, there is the possibility to transfer management to previous (senior) staff.

This ability to act is called abbreviated MBO management buy-out and offers the advantage that the successor well and over a longer period of time knows the company and its market environment. Also is the successor to the perspective later management complete in-house and is so highly motivated. The so-called management buy-in (MBI) is the next option. A takeover by an external Manager (Managing Director) takes place here. An external successor task with much experience can provide new impetus to the company and innovatively promote old-fashioned corporate structures. Mostly, they have it also make it easier to enforce the new ideas in the workforce. Risks of both are connected to a common main risk both alternatives.

With the fact that the elected successor receives no funding commitment whether internally or externally for the share purchase. Therefore it is elementary, the succession issue at an early stage to deal with”Ursula Unterberg Wegener says, to avoid unpleasant surprises. A transfer of businesses under time pressure is extremely unfavourable for the characters as well as for the company itself.” For detailed information on the subject, it is Consultant Ursula Unterberg Wegener from Oberhausen at any time at the disposal.