Non-market-based transfers of wealth and power: a research framework for family businesses
Article Abstract:
Family businesses are basically owner-managed enterprises with the family involved within the business. When, to family ties within the business, is added the biological inevitability of an eventual transfer of power, family succession becomes an alternative to selling the business - a transfer based on non-market considerations. A framework for studying family businesses is proposed which has succession as its anchor. The succession process is where changes in management, in strategy, and in control are planned for and executed. The framework is built upon stages of the family enterprise which emanate from the biological reality of parent and offspring being separated by age and business experience but wedded together by "blood" and a shared family experience. (Reprinted by permission of the publisher.)
Publication Name: American Journal of Small Business
Subject: Business, general
ISSN: 0363-9428
Year: 1987
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Non-market-based transfers of wealth and power: a research framework for family businesses
Article Abstract:
Family businesses are basically owner-managed enterprises with the family involved within the business. When, to family ties within the business, is added the biological inevitability of an eventual transfer of power, family succession becomes an alternative to selling the business-a transfer based on non-market considerations. A framework for studying family businesses is proposed which has succession as its anchor. The succession process is where changes in management, in strategy, and in control are planned for and executed. The framework is built upon stages of the family enterprise which emanate from the biological reality of parent and offspring being separated by age and business experience but wedded together by "blood" and a shared family experience. (Reprinted by permission of the publisher.)
Publication Name: American Journal of Small Business
Subject: Business, general
ISSN: 0363-9428
Year: 1987
User Contributions:
Comment about this article or add new information about this topic:
Entrepreneurs - mentors, networks, and successful new venture development: an exploratory study
Article Abstract:
The following paper deals with the social context of entrepreneurship, specifically the effects of mentors and networks. Although the results are not empirically conclusive, the paper is important in demonstrating in one instance (and I suggest that this may hold in many others) that managerial beliefs appropriate to and substantiated by research in large organizations are not always relevant and, indeed, may even be dysfunctional in entrepreneurial situations. The paper also highlights the need for research on personality traits, backgrounds, and experiences to be embedded in the organizational, economic, and social environment in which the entrepreneur operates if it is to be relevant to entrepreneurship. (Reprinted by permission of the publisher.)
Publication Name: American Journal of Small Business
Subject: Business, general
ISSN: 0363-9428
Year: 1987
User Contributions:
Comment about this article or add new information about this topic:
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