scholarly journals EXPLORATION OF OBSTACLES FACED BY SUCCESSORS IN THE INTERGENERATIONAL TRANSITION PROCESS OF FAMILY BUSINESS

2019 ◽  
Vol 17 (1) ◽  
pp. 20-29
Author(s):  
Muhammad Fuad ◽  
◽  
Made Sudarma ◽  
Gugus Irianto ◽  
◽  
...  
Keyword(s):  
Family Business ◽  
Transition Process ◽  
Intergenerational Transition

Intergenerational Transition in a Small Family Business

2014 ◽  
pp. 131-147 ◽  
Author(s):  
Carlo Mari ◽  
Olimpia Meglio
Keyword(s):  
Family Business ◽  
Second Generation ◽  
Family Businesses ◽  
Wealth Creation ◽  
Italian Family ◽  
Small Family ◽  
Time Periods ◽  
Nuanced Understanding ◽  
Intergenerational Transition ◽  
Prevailing View

Family businesses constitute the key infrastructure of wealth creation across the globe. One of the most important human-resource challenges they face is intergenerational transition, an issue that has received considerable attention from scholars in various countries. Despite this great interest, academics are still attempting to understand the phenomenon and provide effective managerial guidance on how family businesses can make it to the second generation. This chapter seeks to contribute to family business research by offering a more nuanced understanding of intergenerational transition that builds on a conceptualization of the phenomenon as a process rather than the prevailing view of it as an instantaneous event. In order to capture the processual nature of intergenerational transition, evidence is presented from a field study carried out in a small Italian family business that was the arena of three different intergenerational transitions taking place at different time periods. The evidence gathered suggests that the process is shaped by interaction of the different parties involved, who renegotiate their roles as it unfolds, with various factors playing a part.

Communication Traps

2013 ◽  
Vol 28 (1) ◽  
pp. 26-40 ◽  
Author(s):  
Nava Michael-Tsabari ◽  
Dan Weiss
Keyword(s):  
Game Theory ◽  
Interpersonal Communication ◽  
Family Business ◽  
Transition Process ◽  
Psychological Effects ◽  
Succession Process ◽  
Family Harmony ◽  
The Impact

Using game theory to expand our understanding of the interaction between a founder and a successor in a family business, we explore the impact of poor interpersonal communication on family harmony during the succession process. Results show how deficient communication leads to disagreements and clashes between the founder and the successor and systematically reduces family harmony during the succession process. We term these situations communication traps. The findings demonstrate how inadequate communication hampers a transition process above and beyond psychological effects, even when the involved individuals share the same priorities, attitude, and interests.

scholarly journals Imprese e generazioni

2019 ◽  
Author(s):  
Veronica Tabaglio
Keyword(s):  
Case Studies ◽  
Family Business ◽  
Narrative Approach ◽  
The Novel ◽  
Business Context ◽  
The Third ◽  
Personal Myth ◽  
Family Case ◽  
Intergenerational Transition ◽  
Literary Techniques

This article aims to offer a review of the possibilities offered by a ‘narrative’ approach to examine the succession in businesses through some meaningful examples. In the first part, the focus is on a strictly literary representation, i.d. the novel Il padrone by Goffredo Parise (1965), which is still relevant to date for its extraordinary attention (and artistic outcome) on dynamics in a family business context. In this novel the notion of ‘personal myth’ fulfils a particular role, with all its consequences for the business. In the second part, it is shown an obviously incomplete series of case-studies in which economists use literary techniques and tools to represent and/or analyse business intergenerational transition, especially in family business. In the third part, one of these studies – focused on the Berger family case – is examined more deeply to understand its theoretic choices and its scientific accomplishments, in order to wish for a real multidisciplinary approach to this topic, involving literary critics, theorists and linguists.

Human Resources in the Family Business

2016 ◽  
Author(s):  
David Ransburg ◽  
Wendy Sage-Hayward ◽  
Amy M. Schuman
Keyword(s):  
Human Resources ◽  
Family Business ◽  
The Family

A view at the Russian economic transformation

2018 ◽  
pp. 142-158 ◽  
Author(s):  
E. F. Baranov ◽  
V. A. Bessonov
Keyword(s):  
Market Economy ◽  
Growth Rates ◽  
Transition Process ◽  
Well Being ◽  
Economic Transformation ◽  
High Rate ◽  
Russian Economy ◽  
Stage Of Development ◽  
Qualitative Level ◽  
Rate Of Recovery

The transition of the Russian economy from plan to market is considered at a qualitative level. The analysis of economic dynamics in the transformation paradigm is conducted. The main stages of the transition process are discussed. Bonuses and costs due to the transition to market economy are considered. The reasons for the outstripping growth of well-being as compared to the growth of output are discussed. The signs of exhaustion of the potential of factors ensuring an abnormally high rate of recovery and accompanying welfare growth are discussed. The conclusion is made that the transformational recovery has been completed. The Russian economy has moved to the stage of development with relatively low growth rates of output and welfare, typical for stable (nontransition) economies.

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