Understanding Generational Succession challenges in German Family Businesses: The fundamental risk of failure in a succession of SMEs
Research Paper from the year 2012 in the subject Business economics - Business Management, Corporate Governance, grade: 1,0, University of Edinburgh (Business School), course: Method of Research, language: English, abstract: Business succession is always a challenging time for any business, but generational change is often a critical factor in the success or demise of family-run businesses. During period of generational change, the company offers both the incumbent and the successor a great challenge. This sensitive issue thus has to be conducted with careful planning because it is one of the most critical phases in the life cycle of a company, with a lot of chances and risks linked to the process. Further successions are also complicated, with half of established family run companies successfully reaching the second generation stage, but only around three or four percent successfully mastering the handover to a third generation. The causes of these succession issues are varied, and the challenges they create will be investigated in this piece. As such, further research is needed in this area, including the specific succession challenges faced in German Family Businesses, and strategies to overcome them. The primary research question is: What are the key generational challenges faced by German Family Businesses, and to what extent do they create risks of failure for these businesses?
What people are saying - Write a review
We haven't found any reviews in the usual places.
Other editions - View all
argue Breton-Miller Bryman and Bell Bryman and Burgess business succession Chrisman Chua Churchill and Hatten constructed and academically crucial factors data collection eBook and book external investors faced by German Family Business Review Family Firms family run businesses family run firms focus group founder free G|R Frishkoff 1994 German Family Businesses handover help the research hence Hussey and Hussey identify insight interpretivism interviews Jankowicz 2005 key generational challenges KNOWLEDGE HAS VALUE literature analysis managers and employees Morck and Yeung needs Patton Pearson Education phenomology and systems positivism Poutziouris 2003 publish your bachelor's quantitative data quantitative research relevant shops reliability and validity research methodology Research Methods research onion research question research strategy research to achieve risk of failure sale Upload Saunders Saunders et al scientific method Sharma social process specific succession issues succession planning succession process systems thinking text at www.GRIN.com Thornhill understanding Upload your text Wang www.GRIN.com and publish