The Influence Of Successor Related Factors On The Succession Process In Small And Medium Sized Family Businesses
DOWNLOAD
Download The Influence Of Successor Related Factors On The Succession Process In Small And Medium Sized Family Businesses PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get The Influence Of Successor Related Factors On The Succession Process In Small And Medium Sized Family Businesses book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
The Influence Of Successor Related Factors On The Succession Process In Small And Medium Sized Family Businesses
DOWNLOAD
Author : E. Venter
language : en
Publisher:
Release Date : 2005
The Influence Of Successor Related Factors On The Succession Process In Small And Medium Sized Family Businesses written by E. Venter and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with categories.
In this study, successor-related factors that can influence the succession process in small and medium-sized family businesses are empirically investigated. This study was undertaken in South Africa among 2,458 owner-managers and successors in 1,038 family businesses. These respondents were identified via a snowball-sampling technique. A total of 332 usable questionnaires were returned. The dependent variable in this study, namely, the perceived success of the succession process, is measured by two underlying dimensions: satisfaction with the process and continued profitability of the business. The empirical results indicate that the successor-related factors that influence satisfaction with the process are, on the one hand, the willingness of the successor to take over and the relationship between the owner-manager and successor, on the other hand. The continued profitability of the business is influenced by the willingness of the successor to take over the business, the preparation level of the successor, and the relationship between the successor and owner-manager. The relationship between the owner-manager and successor is in turn influenced by the extent to which interpersonal relationships in the family can be described as harmonious. Based on these findings recommendations for successful succession are offered.
Application Of A Unique Model To Build Up Succession Of Family Business In Practice
DOWNLOAD
Author : Niklas Kürten
language : en
Publisher: GRIN Verlag
Release Date : 2007-11-08
Application Of A Unique Model To Build Up Succession Of Family Business In Practice written by Niklas Kürten and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-11-08 with Business & Economics categories.
Seminar paper from the year 2006 in the subject Business economics - Company formation, Business Plans, grade: 1,7, European Business School - International University Schloß Reichartshausen Oestrich-Winkel, language: English, abstract: Literature generally cites the low survival rate which family businesses face. Only 30 % of the companies further survive into the second generation, even only 15 % to 16 % into the third generation. Although many researchers see the most potential reason for this within the lack of adequate planning when company-owner hand over their businesses to offsprings or external managers , there exist various further reasons. In general, academics offer within their works a wide range of reasons, internal as well as external caused factors, which strongly influence the success of the succession within family businesses. Further, they developed several models and academic approaches to build up the process of succession and the mentioned different influences within holistic approaches of succession in family businesses to enable companies a successful handing over. Still, the situation in practice has not changed significantly since the current survival rate is steadily on a further low level. This could consequently reveal the hint of too little interaction between theory and practice respectively between academics and practitioners. Other branches showed the potential and the possible win-situations for both sides. Therefore, the research objective of this paper is to work out, to what extent a unique theoretical model is able to build up all relevant factors influencing the succession as an integrated process in theory to project this onto family businesses in practice and to provide solutions for succession within these companies.
Succession In Family Businesses
DOWNLOAD
Author : Katharina Heinrichs
language : en
Publisher: BoD – Books on Demand
Release Date : 2014-04-08
Succession In Family Businesses written by Katharina Heinrichs and has been published by BoD – Books on Demand this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-04-08 with Business & Economics categories.
Succession is inevitable and vital for the longevity of family businesses. But what do we know about succession in family businesses and where do we go from here? How does the interaction of family and business impact on succession? And which roles play identity and family member identification during the succession process? This book expands our knowledge on succession and prepares the grounds for a holistic view of succession in family businesses. Its first contribution is a systematic, replicable, and scientific review and consolidation of the theoretical and empirical literature on succession of the last 18 years into a transparent, logical, and in-depth framework. Furthermore, by analyzing the business and the family dimension in the context of succession, this book aims at detecting different succession patterns in family businesses and analyzes which factors influence the nature of successful succession processes. Besides its scientific contribution, this book helps family businesses and business families to better understand mechanisms happening during succession and enables them to identify and to understand their individual succession pattern. The findings of this book are based on a qualitative study conducted in the German Wine Industry. The sample consists of 21 family-owned and -managed German wineries, being, on average, in their 11th generation of existence. 37 semi-structured interviews held with both generations of one family if possible, translated into 695 pages of raw data. This data was coded and analyzed following a grounded theory approach.
Father Daughter Succession In Family Business
DOWNLOAD
Author : Paul W. Thurman
language : en
Publisher: CRC Press
Release Date : 2016-04-22
Father Daughter Succession In Family Business written by Paul W. Thurman and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-22 with Business & Economics categories.
To whom does a father, retiring from his life as a successful entrepreneur, pass control of the business he has built? Once it would always have been his eldest son, but increasingly women are becoming involved in family firms having risen to positions of influence and leadership. Using revealing case studies from the daughters who succeeded their entrepreneur fathers in a wide variety of challenging situations, cultures and continents, Father-Daughter Succession in Family Business discusses the changes which have led to daughters gaining influence in more and more family businesses. It looks at the tensions this succession can produce between old notions of how men and women should behave, and the new style of leadership that often comes about when a woman takes the helm. This book will help consultants, business educators, and researchers, as well as those who are themselves involved in significant family managed enterprises to better understand why it can no longer be assumed in any part of the World that the first born son will take over the reins of the family business.
Understanding Entrepreneurial Family Businesses In Uncertain Environments
DOWNLOAD
Author : Mattias Nordqvist
language : en
Publisher: Edward Elgar Publishing
Release Date : 2011-01-01
Understanding Entrepreneurial Family Businesses In Uncertain Environments written by Mattias Nordqvist and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-01-01 with Business & Economics categories.
This thorough volume describes and analyzes entrepreneurial family businesses in Latin American countries. The research presented here has been conducted within the Global STEP (Successful Transgenerational Entrepreneurship Practices) Project. Dealing with some of the most important opportunities and challenges that Latin American family businesses face, particular attention is given to the uncertainty that characterizes most business environments in Latin American countries. The authors argue that while uncertainty is always a central characteristic of entrepreneurial processes and activities, uncertainty is particularly pronounced for Latin American family businesses striving to grow. In addition to a comprehensive introductory chapter that outlines the book's core concepts, including transgenerational entrepreneurship, entrepreneurial orientation, resources, capabilities and uncertainty, the book describes the main characteristics of entrepreneurship and family businesses in Latin America. It also brings together a unique set of empirical case-based research papers that investigate transgenerational entrepreneurship in different Latin American family business contexts. The unique contributions found here include studies on: Hostile environments and entrepreneurial orientation The influence of culture on governance and innovativeness Governance structures and entrepreneurial performance Family conflict as a source of entrepreneurial opportunities Entrepreneurship in transgenerational processes by means of social capital Knowledge integration and entrepreneurial behavior The role of tacit knowledge in the identification of entrepreneurial opportunities Financial issues in entrepreneurial family businesses Communication during the entrance of new generations into the family business Students and scholars of entrepreneurship the world over will find much of note in this carefully researched work. So too will anyone interested in sustaining a successful transgenerational family business.
International Entrepreneurship In Family Businesses
DOWNLOAD
Author : Jose C. Casillas
language : en
Publisher: Edward Elgar Publishing
Release Date : 2007-01-01
International Entrepreneurship In Family Businesses written by Jose C. Casillas and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-01-01 with Business & Economics categories.
Many of the large multinational firms that dominate world markets were family firms, and many of them continue to be. This title shows that family firms have always been active agents in the global economy. It features practical examples and case studies of multinational family firms.
The Sage Handbook Of Family Business
DOWNLOAD
Author : Leif Melin
language : en
Publisher: SAGE
Release Date : 2013-11-15
The Sage Handbook Of Family Business written by Leif Melin and has been published by SAGE this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-11-15 with Business & Economics categories.
The SAGE Handbook of Family Business captures the conceptual map and state-of-the-art thinking on family business - an area experiencing rapid global growth in research and education since the last three decades. Edited by the leading figures in family business studies, with contributions and editorial board support from the most prominent scholars in the field, this Handbook reflects on the development and current status of family enterprise research in terms of applied theories, methods, topics investigated, and perspectives on the field′s future. The SAGE Handbook of Family Business is divided into following six sections, allowing for ease of navigation while gaining a multi-dimensional perspective and understanding of the field. Part I: Theoretical perspectives in family business studies Part II: Major issues in family business studies Part III: Entrepreneurial and managerial aspects in family business studies Part IV: Behavioral and organizational aspects in family business studies Part V: Methods in use in family business studies Part VI: The future of the field of family business studies By including critical reflections and presenting possible alternative perspectives and theories, this Handbook contributes to the framing of future research on family enterprises around the world. It is an invaluable resource for current and future scholars interested in understanding the unique dynamics of family enterprises under the rubric of entrepreneurship, strategic management, organization theory, accounting, marketing or other related areas.
Stakeholder Support In Family Businesses
DOWNLOAD
Author : Veronika Stefanie Rettenmeier
language : en
Publisher: BoD – Books on Demand
Release Date : 2014-12-11
Stakeholder Support In Family Businesses written by Veronika Stefanie Rettenmeier and has been published by BoD – Books on Demand this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-12-11 with Business & Economics categories.
Many family businesses fail during succession and sometimes they do because the successor is not granted the legitimacy by primary stakeholders of the company. But what does it take to be a legitimate successor in the eyes of these audiences? Are there different dimensions of legitimacy? And if so, do different stakeholder groups value the different dimensions of legitimacy differently? This book expands our knowledge of the origin and impact of a successor’s legitimacy in family owned businesses after succession. By analyzing a successor’s legitimacy on five dimensions, this work detects whether primary stakeholder groups’ decisions, to continuously provide their resources to family businesses after succession, depend on their perceived legitimacy of the successor and differ depending on the group the stakeholder belongs to. This book helps to understand why some successors are more successful than others in reassuring important resources to the company. Moreover, it helps successor candidates to identify which information they should signal toward a particular stakeholder group and how much weight should be attached to different claims and expectations. The findings of this book are based on an innovative paper-based policy-capturing analysis with family members, employees of family businesses and bankers. The participants of the experiment assessed more than 3,400 decisions to allocate further resources to the family business after succession depending on their legitimacy judgment.
Taking Over The Family Business
DOWNLOAD
Author : Dominique Otten-Pappas
language : en
Publisher: V&R unipress GmbH
Release Date : 2015-09-16
Taking Over The Family Business written by Dominique Otten-Pappas and has been published by V&R unipress GmbH this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-09-16 with Career development categories.
Why do successors decide to join the family business? The current study investigated the hitherto largely ignored perspective of the successor on succession as career decision process. Grounded on family business and career development theory, insights gained from the qualitative analysis of 16 in-depth interviews with successors were used to develop a successor profiling tool. It is composed of three main elements: the succession decision as process, influences of facilitating and inhibiting factors as well as underlying successor commitment over time. A gender sensitive perspective was adopted in order to account for gender differences during tool development. The tool developed offers a practical contribution by helping young family business members to consider succession in relation to their career development.
The Landscape Of Family Business
DOWNLOAD
Author : Ritch L. Sorenson
language : en
Publisher: Edward Elgar Publishing
Release Date : 2013-09-30
The Landscape Of Family Business written by Ritch L. Sorenson and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-09-30 with Business & Economics categories.
•The editors should be commended for developing a Map of the Landscape of Family Business Outcomes. It gives future research direction to the discipline considering both short-term profitability and long-term sustainability. It considers conventional c