Very glaring example in India was that of planned activity of finding out Ratan Tata's successor which unfortunately did not work out well.
9th June 2018 From India, Mumbai
US has no such issues about succession planning in huge companies like Microsoft,Apple etc.
Exit of Mr. Bill Gates and Mr. Steve Jobs and others did not hamper the business house performance, also it did not affect the investors
Personally I feel: Leaders, are reluctant to identify the successors and in shaping them for the next generation of businesses.
In other words, it is an ego-problem. It may be intentional by ignoring successors, thinking that they are the rivals.Also they want control in family only.
Refer this link:https://www.business-standard.com/ar...2200041_1.html
Pressure from market which needs long term business continuity plans will make sure that succession plans are made and people identified.
Professional business cannot run without long term planning.
12th June 2018 From India, Pune