Succession in family firms from a multistaged perspective |
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Authors: | Manuela Pardo-del-Val |
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Institution: | (1) Universitat de València, Valencia, Spain;(2) Facultad de Economía, Avda. Los Naranjos, s/n, 46022 Valencia, Spain |
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Abstract: | Succession in family-owned businesses has been revealed to be a multi-staged phenomenon with trigger events distinguishing
one stage from the other. Our aim is to apply change management theory to this process to improve our understanding and to
identify the key factors that should be taken into account when implementing it. To achieve this goal, we will review the
existing literature about organizational change and will adapt it to succession in family firms. We will end with a case study,
concluding that a good succession process is not the one which avoids conflict, but the one which successfully manages it.
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Keywords: | Family-owned businesses Succession Organizational change |
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