Managing Succession and Knowledge Transfer in Family Businesses: Lessons from a Comparative Research


Autoria(s): Csizmadia, Péter; Makó, Csaba; Heidrich, Balázs
Data(s)

01/11/2016

Resumo

The most natural mode of family firm succession is the intergenerational ownership transfer. Statistical evidence, however, suggests that in most cases the succession process fails. There can be several reasons as a lot of personal, emotional and structural factors can act as an inhibitor to succession. The effectiveness of the implementation of any succession strategy is strongly dependent on the efficiency of intergenerational knowledge transfer, which is related to the parties’ absorptive capacity and willingness to learn. The paper is based on the experiences learned from the INSIST project. In the framework of the project different aspects of family business succession have been investigated in three participating countries (Hungary, Poland and the United Kingdom). The aim of the paper is to identify the patterns of management, succession, knowledge transfer and learning in family businesses. Issues will be examined in detail such as the succession strategies of companies investigated and the efforts family businesses and their managers make in order to harmonize family goals (such as emotional stability, harmony, and reputation) with business- related objectives (e.g. survival, growth or profitability).

Formato

application/pdf

Identificador

http://unipub.lib.uni-corvinus.hu/2524/1/VT2016n11p59.pdf

Csizmadia, Péter, Makó, Csaba and Heidrich, Balázs (2016) Managing Succession and Knowledge Transfer in Family Businesses: Lessons from a Comparative Research. Vezetéstudomány - Budapest Management Review, 47 (11). pp. 59-69. DOI 10.14267/VEZTUD.2016.11.07

Publicador

Corvinus University of Budapest, School of Management

Relação

http://unipub.lib.uni-corvinus.hu/2524/

10.14267/VEZTUD.2016.11.07

Palavras-Chave #Knowledge economy, innovation #Management, business policy, business strategy
Tipo

Article

PeerReviewed

Idioma(s)

en

en