Understanding Generational Succession Challenges In German Family Businesses
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Understanding Generational Succession Challenges In German Family Businesses
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Author : Alexander Schmithausen
language : en
Publisher: GRIN Verlag
Release Date : 2012-08-24
Understanding Generational Succession Challenges In German Family Businesses written by Alexander Schmithausen and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-08-24 with Business & Economics categories.
Research Paper (postgraduate) from the year 2012 in the subject Business economics - Business Management, Corporate Governance, grade: 1,0, University of Edinburgh (Business School), course: Method of Research, language: English, abstract: Business succession is always a challenging time for any business, but generational change is often a critical factor in the success or demise of family-run businesses. During period of generational change, the company offers both the incumbent and the successor a great challenge. This sensitive issue thus has to be conducted with careful planning because it is one of the most critical phases in the life cycle of a company, with a lot of chances and risks linked to the process. Further successions are also complicated, with half of established family run companies successfully reaching the second generation stage, but only around three or four percent successfully mastering the handover to a third generation. The causes of these succession issues are varied, and the challenges they create will be investigated in this piece. As such, further research is needed in this area, including the specific succession challenges faced in German Family Businesses, and strategies to overcome them. The primary research question is: What are the key generational challenges faced by German Family Businesses, and to what extent do they create risks of failure for these businesses?
Why 9 Of 10 Family Businesses Fail At Succession Learn What The 10 Make Right Best Practices From The Uk And Germany
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Author : Daniel Scheffold
language : en
Publisher: Anchor Academic Publishing (aap_verlag)
Release Date : 2014-04
Why 9 Of 10 Family Businesses Fail At Succession Learn What The 10 Make Right Best Practices From The Uk And Germany written by Daniel Scheffold and has been published by Anchor Academic Publishing (aap_verlag) this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-04 with Business & Economics categories.
The harsh reality: 9 out of 10 of family businesses will never make it to the third generation. This book investigates which factors are critical for the success of a succession. The study of three family businesses in the third generation from Germany and the UK lead to four best practices. From the results, a new model for succession in family businesses was developed. The qualitative study is one of the first that investigates the performance of successions with an international perspective. This book is recommended for family business researchers, family business owners, advisors and students interested in family business studies.
Succession In Family Businesses
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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.
Doing Succession In Europe
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Author : Isabell Stamm
language : en
Publisher: Budrich Unipress Limited
Release Date : 2011
Doing Succession In Europe written by Isabell Stamm and has been published by Budrich Unipress Limited this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Political Science categories.
Family enterprises make up the majority of all businesses across Western Europe. Nonetheless, they are seen as an endangered species. Succession is especially critical for their survival. The succession process is shaped by the dynamics of generational relations in the family. Different institutional contexts between countries create diverse conditions for the negotiation between the generations. Doing Succession in Europe examines whether and how succession processes in European family businesses vary. Scholars of the family, capitalism, the welfare state, and law discuss comparative findings and ideas, while business and legal experts highlight the concrete practices. [A few contributions are in German language text with English abstracts.]
The Two Sides Of The Business Family
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Author : Arist von Schlippe
language : en
Publisher: Springer Nature
Release Date : 2021-01-04
The Two Sides Of The Business Family written by Arist von Schlippe and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-01-04 with Business & Economics categories.
This book focuses on a central success factor for family businesses: maintaining the decision-making ability over generations while not jeopardizing the business due to family conflict, inefficient governance structures, or lack of identification. The authors identify that this is not as easy as the endeavor to bring two social systems together with contradicting logic (family and business) leads to many dangerous pitfalls. This book presents outcomes of a unique research project in which family managers of eleven of the oldest and largest German family businesses, at least the fourth generation, met for more than three years on a regular basis and presented the essence of their family governance structures to each other and to the authors. It was a joint “learning journey” that admits identifying twelve core questions that these families had been answering to keep up the relationship between family and business successfully over generations. Obviously, there is no “right” answer to these questions. The key to success is rather engaging the families in a process to find out their own answers and make them aware of the “two sides”: being a family is different from being a business family.
Family Business Dynamics
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Author : Annika Hall
language : en
Publisher: Edward Elgar Publishing
Release Date : 2012-01-01
Family Business Dynamics written by Annika Hall 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 2012-01-01 with Business & Economics categories.
'Bringing the family and its related complexity back into the discussion of how to build healthy and long-term oriented relationships in business families, Annika Hall's book is both comprehensive and profound. It's a must-read for every family member involved in a family business, whether as owner, manager, potential successor, or as a family member of a business family.' – Sabine B. Rau, WHU-Otto Beisheim School of Management, Germany 'A crisp thought provoking book in which Annika Hall deftly brings to life the multiple dimensions and rationalities in family enterprises. She skilfully interprets these complexities in the fascinating story of the Indiska Magasinet AB (Indiska), a third generation Swedish retail enterprise of the Thambert family, from the pre-founding years until the beginning of the 21st century. Scholars and practitioners alike will enjoy gaining a richer perspective and deeper understanding of family enterprises.' – Pramodita Sharma, University of Vermont, US and Editor, Family Business Review This engaging book reveals how and why family relations influence the dynamics of family owned businesses. The author examines the relevance of role and identity to the strategic development and the succession process of family businesses. She explores the individual and organisational implications of these roles and identities at different stages in the family and business life cycles. Annika Hall highlights that family businesses have inherent dynamics, rooted in family relations, that might advantage business development assuming that the family is able to meet the inherent challenges of role transition. The book connects micro, socio-psychological aspects to more macro business outcomes, with the purpose of elaborating how and why these connections are made. Expertly integrating a detailed case study and by concluding with concrete advice, the closeness to practice is explicit and therefore strongly appealing to practitioners. By also integrating the practice with theory, the book will prove essential for academics and students of interpretive methodology and/or family business.
German Family Enterprises
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Author : Maximilian Lantelme
language : en
Publisher: Springer Nature
Release Date : 2021-03-26
German Family Enterprises written by Maximilian Lantelme and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-03-26 with Business & Economics categories.
The second edition of this professional guide presents an extended overview of the German family enterprise landscape including its structure and industry distribution. Its goal is to provide a detailed assessment of the development of German family enterprises. Based on several new scientific studies conducted by the authors, the prerequisits of corporate longevity and mature growth are investigated in detail. Analyzing data from over 500 family firms, the book offers a valuable reference guide for market research and academic research on family-owned enterprises. A unique factor: the authors’ revealing insights into the decline of family firms.
Family Business
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Author : D. Kenyon-Rouvinez
language : en
Publisher: Springer
Release Date : 2004-11-25
Family Business written by D. Kenyon-Rouvinez and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-11-25 with Business & Economics categories.
The family business has been the most prevalent and pervasive form of business in many countries and raises particular questions concerning succession and governance and in particular the relationships between management, board members and family members. This book is a collection of articles by leading thinkers and practitioners on the family business which covers such issues as assuring a healthy family business, family strategy, governance and succession
German Family Enterprises
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Author : Laura K.C. Seibold
language : en
Publisher: Springer
Release Date : 2019-01-04
German Family Enterprises written by Laura K.C. Seibold and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-01-04 with Business & Economics categories.
This professional guide presents an extensive overview of the German family enterprise landscape, with a special focus on its structure and diversity. Drawing on several scientific studies conducted by the authors, its goal is to provide a detailed assessment of the development of German family enterprises. Analyzing data from over 500 family firms, it offers a valuable reference guide for market research and academic research on family-owned enterprises. A unique factor: the authors’ revealing insights into the decline of family firms.
Family Firms In Transition
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Author : Alan L. Carsrud
language : en
Publisher: Springer Science & Business Media
Release Date : 2011-09-15
Family Firms In Transition written by Alan L. Carsrud and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-09-15 with Business & Economics categories.
Many of the challenges faced by family-owned businesses develop after the firm has reached a stage of maturity, when the first generation is faced with issues concerning the role of their children in the business and the long-term future of the enterprise. This collection of case studies from around the world demonstrates how governance of both the business and the family (or lack thereof) impacts succession of leadership in the firm and the inheritance of ownership and wealth. It is the role of governance and how it impacts both family and firm that link these family business cases together with succession and inheritance. These topics have been clustered together because the social systems of the family and the management system of the firm have significant impacts on the success, or failure, of succession plans. All the planning in the world for succession and inheritance will not succeed if the firm does not have a well established and functional governance system. Likewise, if the family does not understand its role in the governance of the firm and the mechanisms for making sound decisions, succession choices may not be accepted by family members. Most family firms fail because of succession issues, not economic ones. This volume features nine in-depth cases of family-owned business from a variety of industries to illuminate the dynamics of governance, succession, and inheritance. Each case illustrates the complexity of issues and, through interactive exercises and questions, offers readers approaches to solutions, which may include less-than-optimal compromises or even selling the business as the only viable option. The examples and insights will prove valuable for students and members of entrepreneurial and family-owned firms, as well as consultants, investors, and other professional advisors.