Exploring Succession Planning within Small Family Owned Businesses

Management Succession in Family-owned SMEs: Learning from Failure

Succession is acknowledged to be especially critical in small organizations, as it is estimated that in the EU alone there is a risk of losing 150,000 firms due to transfer problems and only one third of family businesses “survive” their founder. As the vast majority of firms are in fact family businesses and SMEs, the economic impact of these unsuccessful successions is great. There exists a s...

Family Businesses: The Extensiveness of Succession Problems and Possible Solutions

Employee Owned Businesses – Access to Funding

Strategy Diversity in Australian Family Owned Businesses: Impact of environment induced constraints

With an ever changing economic climate many businesses find it difficult to survive. Small firms are continually going out of business in the early stages of their life. According to the Queensland Small Business Development Corporation, the small business failure rate is high with two-thirds of all such businesses started failing within their first five years of operation (SBDC, 1990). The maj...

VIEW AND MANAGEMENT OF INNOVATIVENESS UPON SUCCESSION IN FAMILY-OWNED SMEs

The purpose of this paper is to provide insights into how the successors of family-owned manufacturing SMEs view and manage innovativeness. Research into company take-overs mainly focuses on large companies and little is known about innovativeness in research on familyowned businesses, often SMEs. This paper presents findings from ten company successions, five of which describe family successio...