Episode notes
The key to any successful transition of management is to plan, something that can take years. You need to engage the right people, who will be the next generation of leadership, early in the process and look for those who think strategically.
In the second episode of Built-In, FMI Consulting President Scott Winstead talks with Frank L. Blum Construction's current CEO and majority shareholder, Mike Lancaster, and former owner and CEO Drew Hancock about their experiences with ownership transfer and management succession planning.