We all know that societal and business cultures heavily influence behavior and decisions. One dominant paradigm for family business over many centuries has been one of primogeniture – that is that the oldest son is the first choice to take over leadership of a family business. Growing up on a family farm in the 1960s, I had one older brother and five sisters and observed this assumptive succession personally. We all anticipated that Dave would follow in my father’s footsteps. But when Dave and I took different career paths after college, one of my older sisters and her husband purchased the farm and related business.
About Larry Grypp
Larry Grypp is President of the Goering Center for Family & Private Business, part of the University of Cincinnati’s Lindner College of Business. The Goering Center is the largest family business center in the nation. Educating and nurturing family and private businesses to drive a vibrant economy in the region.