By Daniel Scheffold
Methodology: A qualitative multiple-case research layout with third-generation relatives companies, from Germany and one from the united kingdom used to be hired. A cross-case research was once conducted to spot severe good fortune components after which complemented by way of a single-case analysis.
Findings: 9 of the 10 confirmed hypotheses have been proven. those have been successor improvement, professionalization, wisdom move, capital constitution, company governance, relatives concord, stepping apart, succession making plans and long term orientation. The speculation approximately dividend coverage used to be no longer proven. No major adjustments have been stumbled on to be in response to nationwide influence.
Practical Implications: From the consequences, a brand new version for relations company succession is built which results in 4 most sensible perform innovations. those are the implementation of shared management, linking possession to administration; make sure verbal exchange within the kin to create relations concord and using outdoor consultants.
Limitations: end result of the case research layout, this learn doesn't offer statistical generalizable findings.
Originality/ price: This research raises the information approximately serious good fortune components of succession in kinfolk companies. using circumstances from nations and 3 diversified industries raises the importance. The newly built version for relatives company succession proposes a brand new view at the succession technique that are supposed to be established through destiny studies.
Read or Download Critical success factors and best practices for business succession.: A comparison of family businesses in Germany and the United Kingdom in the third generation. PDF
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Critical success factors and best practices for business succession.: A comparison of family businesses in Germany and the United Kingdom in the third generation. by Daniel Scheffold