During the years following the invention of the double-escapement action, Sébastien became too ill to manage the operations of the firm. With Sébastien indisposed, Jean-Baptiste took a more active role in the inventive work, and in particular with refinements to the double escapement action. Jean-Baptiste’s death in 1826, however, left Sébastien and Pierre deeply uneasy about the future of their family enterprise. Pierre understood that in order to ensure the perennity of the Erard firm he needed a successor, because the workers trained at the London branch would not necessarily be as motivated as would an Erard family member to invest their efforts and capital in the firm. Since Sébastien remained single, and Céleste childless and in any case living in Berlin, far from the family enterprise, Pierre would have certainly felt pressure to marry and found a family. However, Pierre’s homosexuality, kept secret from his family and only recently discovered, made marriage and the subsequent transmission of the family enterprise to a potential heir problematic. When Pierre returned to Paris after his father’s death, he came to the realisation that his father had been a poor manager who left the firm in a disastrous financial state. As a result, Sébastien threatened to close the Paris branch, but in the end maintained it while making drastic reductions in the workforce.
Rethinking entrepreneurship and family business research in Honduras: a closer look in times of crisis
