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Succession and Family Businesses Longevity

In: Entrepreneurial Family Businesses

Author

Listed:
  • Veland Ramadani

    (South East European University)

  • Esra Memili

    (University of North Carolina at Greensboro)

  • Ramo Palalić

    (International University of Sarajevo)

  • Erick P. C. Chang

    (Arkansas State University)

Abstract

This chapter treats issues related to the succession and longevity of entrepreneurial family businesses. It discusses the succession challenges that face every family business owner. Several succession process models are provided as guidelines for the founders to deal in a better manner with the succession issues. Succession and longevity are very important for entrepreneurial family businesses. Succession is one of the most difficult decisions for entrepreneurial family businesses. If the business leadership transition is not well structured, it may cause serious difficulties that may lead to the sale or eventual loss of the business.

Suggested Citation

  • Veland Ramadani & Esra Memili & Ramo Palalić & Erick P. C. Chang, 2020. "Succession and Family Businesses Longevity," Springer Texts in Business and Economics, in: Entrepreneurial Family Businesses, chapter 5, pages 81-100, Springer.
    • Handle: RePEc:spr:sptchp:978-3-030-47778-3_5
    DOI: 10.1007/978-3-030-47778-3_5
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    Cited by:

    1. Nanarpuzha, Rajesh & Sarin, Ankur, 2021. "A capability pathway to subjective economic well-being: Looking beyond materialism," Journal of Business Research, Elsevier, vol. 127(C), pages 66-76.
    2. Tritto, Angela & Camba, A., 2022. "State-facilitated Industrial Parks in the Belt and Road Initiative: Towards a framework for understanding the localization of the Chinese development model," World Development Perspectives, Elsevier, vol. 28(C).

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