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Family-owned businesses are the backbone of the global economy. From Walmart and Ford to Samsung and BMW, some of the world’s biggest companies have been run by families for generations. In Kenya, family-owned businesses are also prevalent, such as BIDCO Africa, Chandaria Industries, and the Kenyatta family’s vast business empire. However, one of the biggest challenges faced by family businesses is generational transition. As the older generation retires, it is essential to ensure a smooth and successful transition to the younger generation. In this article, we’ll explore 10 ways to reinvent generational transition in family businesses, drawing on best practices from around the world.