As France faces a demographic shift with the aging of the baby boomer generation, business successions are rapidly becoming a pressing economic concern. A quarter of SME and intermediate-sized enterprise (ETI) leaders are over 60, and more than half of these businesses are on the brink of transmission – a rate three times higher than in the previous decade, according to a recent article in Les Echos. Yet, alarmingly, over a third of business leaders over 70 have not formalized a succession plan, with the figure rising to half for those aged 60 to 69. This data underscores a critical gap in preparedness at a time when leadership transition is vital for economic resilience.

In this context, female leaders’ distinctive perspectives, insights, and approaches to business succession offer valuable lessons. Their leadership is often marked by an open posture (listening, team orientation) and a balanced vision, so they should offer a unique perspective in navigating the complexities of business continuity.

Read more at: https://www.imd.org/ibyimd/diversity-inclusion/letting-go-of-the-reins-how-female-and-male-business-leaders-view-succession/