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Ownership in Family Businesses

In: Ownership in a Family Business as a Profession

Author

Listed:
  • Hermut Kormann
  • Monika Susanne Börner

Abstract

Ownership of a family business is usually a gift from the second generation onwards—a gift that comes with many expectations, tasks, and challenges. It is associated with responsibility and privileges, with opportunities and demands, with rights and duties. The design of this ownership affects the lives of the owners themselves, their families, and all employees, suppliers, and customers—in the present and the future. Thus, the owners move in a changing and complex constellation and need willingness, competencies, and time for this.

Suggested Citation

  • Hermut Kormann & Monika Susanne Börner, 2024. "Ownership in Family Businesses," Springer Books, in: Ownership in a Family Business as a Profession, chapter 0, pages 3-10, Springer.
    • Handle: RePEc:spr:sprchp:978-3-658-45255-1_1
    DOI: 10.1007/978-3-658-45255-1_1
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