Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

SecondGeneration Entrepreneurs Passing the Baton in the Privately Held Company

SecondGeneration Entrepreneurs Passing the Baton in the Privately Held Company The succession of secondgeneration entrepreneurs to control of thefamily business created by their fathers is a challenging, oftenunsatisfactory process. A study of ten entrepreneurial families who haveexperienced succession discovered that the preparation of sons anddaughters to take over the family business was disorganised, inadequate,and sometimes inept. Moreover, founderfathers and nonfamily employeeshad done little to prepare for the transition to secondgenerationleadership. Based on the troubling experience of these ten families andthe authors work with dozens of family businesses, this articleproposes a comprehensive developmental model designed to increase thechances of secondgeneration success. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Management Decision Emerald Publishing

SecondGeneration Entrepreneurs Passing the Baton in the Privately Held Company

Management Decision , Volume 29 (1) – Jan 1, 1991

Loading next page...
 
/lp/emerald-publishing/secondgeneration-entrepreneurs-passing-the-baton-in-the-privately-held-UvZj3d7CDX

References

References for this paper are not available at this time. We will be adding them shortly, thank you for your patience.

Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0025-1747
DOI
10.1108/00251749110141185
Publisher site
See Article on Publisher Site

Abstract

The succession of secondgeneration entrepreneurs to control of thefamily business created by their fathers is a challenging, oftenunsatisfactory process. A study of ten entrepreneurial families who haveexperienced succession discovered that the preparation of sons anddaughters to take over the family business was disorganised, inadequate,and sometimes inept. Moreover, founderfathers and nonfamily employeeshad done little to prepare for the transition to secondgenerationleadership. Based on the troubling experience of these ten families andthe authors work with dozens of family businesses, this articleproposes a comprehensive developmental model designed to increase thechances of secondgeneration success.

Journal

Management DecisionEmerald Publishing

Published: Jan 1, 1991

There are no references for this article.