Making sense of succession in family business internationalisation: An exploratory approach

Author(s):  
Henry Shi
2017 ◽  
Vol 30 (7) ◽  
pp. 1198-1212 ◽  
Author(s):  
Christina Anna Elisabeth Claßen ◽  
Reinhard Schulte

Purpose The purpose of this paper is to develop an understanding of how conflicts, caused by the specifics of family businesses – the familiness – impact change in family businesses. Design/methodology/approach The analysis is based on 21 semi-structured in-depth interviews of German family business members. The authors followed the grounded theory approach. Findings This study gives evidence for family business-specific conflicts and family business-specific change and outlines how conflict impacts change. Findings show that a family system works like a recursive catalytic converter in family businesses. Research limitations/implications This paper offers researchers a broader understanding and a comprehensive view of change in the family business. Although still limited by its exploratory approach, its insights can be valuable for researchers, practitioners and policy makers. The findings offer an operational base for future quantitative studies. Originality/value Using the new system theories approach the authors develop an understanding of how conflicts impact change in family businesses. The study explains how conflicts are managed in family business practice.


2006 ◽  
Vol 19 (3) ◽  
pp. 235-250 ◽  
Author(s):  
Jun Yan ◽  
Ritch Sorenson

This article examines Confucian values and their effect on family business succession. Several implications are drawn. One of these is that Confucianism places family business in a social context in which the interpersonal relationships inside and outside the business family are subject to a variety of environmental influences. Examining family firms in their social context provides more complete understanding of the dynamics underlying choices and activities in family firms.


2013 ◽  
Vol 36 (3) ◽  
pp. 256-277 ◽  
Author(s):  
Matthias Filser ◽  
Sascha Kraus ◽  
Stefan Märk

1994 ◽  
Vol 7 (2) ◽  
pp. 133-157 ◽  
Author(s):  
Wendy C. Handler

This paper reviews the research to date on succession in the field of family business management. Five streams of research are highlighted: (1) succession as a process, (2) the role of the founder, (3) the perspective of the next generation, (4) multiple levels of analysis, and (5) characteristics of effective successions. Gaps in the literature and future research directions are also presented.


1995 ◽  
Vol 8 (2) ◽  
pp. 131-155 ◽  
Author(s):  
Jeffrey A. Barach ◽  
Joseph B. Ganitsky

2020 ◽  
Vol 11 ◽  
pp. 38-53
Author(s):  
Łukasz Trembaczowski

The article is devoted to the problem of succession in family business in the perspective of class positions’ reproduction. The analysis of succession is carried out with reference to Pierre Bourdieu’s theory, particularly in relation to reconstruction entrepreneurs’ class position withingradationally-relational model of social structure, description of economic field transformation and role played by entrepreneurs in that process, analysis of modal trajectories of entering the economic field and to strategies and forms of capitals reconversion. Transfer of capitals was entangled within model of transmission of knowledge, power and ownership in family enterprises. Succession next to starting own enterprise must be seen as one of dominant strategies for social position reproduction within a possessing class fraction. Those two ideal-type strategies can be mixed in practice of position reproduction and lead to hybridized forms of family business and new enterprise. Class position  reproduction however, can lead also outside possessing class fraction to those richer in cultural rather than economic capital. Analysis of succession cannot therefore be limited to family business only but must be considered with reference to wider context of reproduction of social structure.


Paradigm ◽  
2019 ◽  
Vol 23 (1) ◽  
pp. 53-69
Author(s):  
Roopa Nandi ◽  
Ganesh Singh ◽  
Parvaiz Talib

Succession is the ultimate test of success reflected as sustainability in business, when managing business changes hands from a family leader to a non-family leader. This means when a family business is owned by the family but managed by a non-family member. This article explores the possibility of approaching succession process using design thinking—an approach based on appreciative inquiry. By identifying the various dimensions in which succession in family business takes place, this article introduces to business leaders a strength-based approach for creating an imagined future, that is satisfactory and acceptable after the incumbent phase out and successor phase in take place. The article emphasizes on creating of a singular image—a shared cognitive map for succession. When business leaders wilfully design a singular image, they have shared cognitive map that facilitates succession. The article provides guiding questions for design thinking in succession in family business.


2008 ◽  
Vol 5 (4) ◽  
pp. 427-436
Author(s):  
Hsi-Mei Chung ◽  
Yunshi Liu

Based on the panel data analysis of Taiwan’s family business groups from 1988 to 2002, this research attempts to investigate the relationships among overlapping investment, use of particularistic ties, group performance, and succession in family business group. The results show that the family business group’s overlapping investment between the owner-managers and family members occupying the decisive positions of group affiliates significantly influence its leader change. This study highlights the importance of alternative control choices within the family business. Furthermore, it also provides a good comparing start-point for researches interested in understanding the succession issue of Chinese family business in Great China


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