2. Conceptual Model

The conceptual model of this book examines the internal readiness of the retiring leader for the transition, and the system readiness of their family and business, along with the broader context in which these subsystems exist. These interrelated elements influence the planning, options, and reality for the leader’s post-work life. Internal readiness includes components of identity, change capacity, temperament, and health. Family system factors including marriage quality and the rising generation’s involvement in the business can affect personal continuity, as can the business’s health and overall leadership. The context, including the leader’s personal network and community of residence, also exerts influence on the leadership transition journey and outcomes.