A New Perspective on the Second Generation in Family Enterprises

The second generation (G2) in family enterprises is often maligned or written off as never quite good enough, compared to the dynamic wealth creators in the first generation (G1).  A more balanced view of G2 was the subject of an online article in Harvard Business Review by Jim Grubman and Dennis Jaffe. The article provides insight into the importance of G2 in transitioning many family businesses from the dynamic growth in G1 to a more sustainable, family-centered enterprise for future generations.