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Unexpected Succession: When Children Return to Take Over the Family Business

Author

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  • Marie‐christine Chalus‐sauvannet
  • Bérangère Deschamps
  • Luis Cisneros

Abstract

This research explores family succession in which the successors were unexpected. We present six cases studies of children who initially pursued careers outside the family firm but who later decided to return and successfully take over the small family business. Our outcomes explain why they decided to return, the conditions that they set for succeeding their fathers, and the way they approached the management of the family firm. We show that the success they experienced in their professional careers far from the family business positioned them as legitimate leaders. They made a deliberate personal choice to succeed, negotiating the conditions, and this put them on the same level as their predecessors. These successors act as entrepreneurs, they are proactive, take risks, detect new business opportunities and do not hesitate to innovate. The changes that they implement are possible thanks to the support of their predecessors who avoids the destabilization of the organization.

Suggested Citation

  • Marie‐christine Chalus‐sauvannet & Bérangère Deschamps & Luis Cisneros, 2016. "Unexpected Succession: When Children Return to Take Over the Family Business," Journal of Small Business Management, Taylor & Francis Journals, vol. 54(2), pages 714-731, April.
    • Handle: RePEc:taf:ujbmxx:v:54:y:2016:i:2:p:714-731
    DOI: 10.1111/jsbm.12167
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    Cited by:

    1. Séverine Le Loarne Lemaire & Meriam Razgallah & Adnane Maalaoui & Sascha Kraus, 2022. "Becoming a green entrepreneur: An advanced entrepreneurial cognition model based on a practiced-based approach," International Entrepreneurship and Management Journal, Springer, vol. 18(2), pages 801-828, June.
    2. Tariq H. Malik, 2019. "Founder’s Apprehension in Small Family Business Succession in Thailand: Interpretative View of the Situational Distance," SAGE Open, , vol. 9(4), pages 21582440198, October.
    3. Angel L. Meroño-Cerdán, 2023. "Unexpected Successor in Family Firms: Opportunity or Trap for Women?," Journal of Family and Economic Issues, Springer, vol. 44(2), pages 313-324, June.
    4. Tsuruta, Daisuke, 2020. "Japan's elderly small business managers: Performance and succession," Journal of Asian Economics, Elsevier, vol. 66(C).
    5. Siniša Arsić & Koviljka Banjević & Aleksandra Nastasić & Dragana Rošulj & Miloš Arsić, 2018. "Family Business Owner as a Central Figure in Customer Relationship Management," Sustainability, MDPI, vol. 11(1), pages 1-19, December.
    6. Ticián Baranyai & Miklós Kozma, 2019. "Family Firms with New Leaders in the Global Market.– A Potential Success Story?," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 69(supplemen), pages 131-162, December.
    7. Juliana R. Baltazar & Cristina I. Fernandes & Veland Ramadani & Mathew Hughes, 2023. "Family business succession and innovation: a systematic literature review," Review of Managerial Science, Springer, vol. 17(8), pages 2897-2920, November.
    8. Mukesh, Hasirumane Venkatesh & Bailey, Ajay, 2023. "Bringing context to the foreground: Explaining the early-stage career development of next-generation family business members," Journal of Family Business Strategy, Elsevier, vol. 14(4).
    9. Baù, Massimo & Pittino, Daniel & Sieger, Philipp & Eddleston, Kimberly A., 2020. "Careers in family business: New avenues for careers and family business research in the 21st century," Journal of Family Business Strategy, Elsevier, vol. 11(3).

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