Weitere Artikel dieser Ausgabe durch Wischen aufrufen
The succession process in family firms has by far been determined to be the most critical phase in the family business life-cycle (e.g. Morris et al. Journal of Business Venturing 18:513–531, 1997; Wang et al. 2000) and characterized as the period in which most family firm fatalities occur (Handler and Kram Family Business Review 1:361–381, 1988). This paper is an empirical study on Greek family firms and seeks to identify the critical success factors that have a major impact on the outcome of a generational transition in the leadership of the family firm. Based on an integrated conceptual framework proposed by Pyromalis et al. (2006), we test the impact of five factors, namely the incumbent’s propensity to step aside, the successor’s willingness to take over, the positive family relations and communication, succession planning, and the successor’s appropriateness and preparation on both the satisfaction of the stakeholders with the succession process and the effectiveness of the succession process per se. The results provide a useful insight and confirm the importance of the aforementioned factors in the succession process by mapping a safe passage through the family business succession process, and by contributing not only to the overall family business literature but also generating strong arguments in favor of the family firm as an integral entrepreneurial element for a region’s sustainable economic development.
Bitte loggen Sie sich ein, um Zugang zu diesem Inhalt zu erhalten
Sie möchten Zugang zu diesem Inhalt erhalten? Dann informieren Sie sich jetzt über unsere Produkte:
Aldrich, H. E. (1979). Organizations and Environments. Englewood Cliffs: Prentice-Hall.
Allen, I. E., & Langowitz, N. S. (2003). Women in family owned businesses. Report: Center for Woman’s Leadership, Babson College—Massmutual financial group.
American Family Business Survey. (1997). The Arthur Andersen/Mass Mutual American family business survey. http://www.arthurandersen.com/CFB.97surv.asp.
Armstrong, J. S., & Overton, T. S. (1977). Estimating non-response bias in mail surveys. Journal of Marketing Research, 14, 396–402. CrossRef
Astrachan, J. H., Zahra, S. A., & Sharma, P. (2003). Family-sponsored ventures. Paper presented in New York on April 29, 2003 at the First Annual Global Entrepreneurship Symposium: The Entrepreneurial Advantage of Nations. Available at: http://www.emkf.org/pdf.UN_family_sponsored_report.pdf.
Barnes, L. B., & Hershon, S. A. (1976). Transferring power in the business. Harvard Business Review, July–Aug, 105–114.
Barry, B. (1975). The development of organization structure in the family firm. Journal of General Management, 1, 42–46.
Beckhard, R., & Dyer, W., Jr. (1983a). Managing change in family firm–issues and strategies. Sloan Management Review, 24(3), 59–65.
Beckhard, R., & Dyer, W., Jr. (1983b). Managing continuity in family-owned business. Organizational Dynamics, 12(1), 5–12. CrossRef
Bird, B., Welsch, H., Astrachan, J. H., & Pistrui, D. (2002). Family business research: the evolution of an academic field. Family Business Review, 15(4), 337–350. CrossRef
Birley, S., Ng, D., & Godfrey, A. (1999). The family and the business: the governance of smaller businesses. Long Range Planning, 32(6), 598–608. CrossRef
Bjuggren, P. O., & Sudd, L. G. (2001). Strategic decision making in intergenerational succession of small and medium sized family owned businesses. Family Business Review, 14, 11–23. CrossRef
Blotnick, S. (1984). The case of the reluctant heirs. Forbes, 134, 180.
Bowen, M. (1978). Family therapy in clinical practice. New York: Aronson.
Brady, G., & Helmich, D. (1984). Executive succession. Englewood Cliffs: Prentice Hall.
Brockhaus, R. H. (1994). Entrepreneurship and family business research: comparisons, critique, and lessons. Entrepreneurship Theory and Practice, 19(1), 25–38.
Burch, P. (1972). Managerial revolution reassessed: Family control in America’s largest corporations. Lexington: Lexington Books.
Chaganti, R., Chagenti, R., & Malone, S. (1991). High performance strategies for entrepreneurial companies: Research findings from over 500 firms. New York: Quorum Books.
Chattopadhyay, P., Glick, W., Miller, C. C., & Huber, G. (1999). Determinants of executive beliefs: comparing functional conditioning and social influence. Strategic Management Journal, 20(8), 763–789. CrossRef
Chrisman, J. J., Chua, J. H., & Sharma, P. (2003). Current trends and future directions in family business management studies: Toward a theory of the family firm. Part of the Coleman Foundation White Paper Series. Available at: http://www.usasbe.org/knowledge/whitepapers/index.asp.
Christensen, C. (1953). Management succession in small and growing enterprises. Boston: Division of Research, Harvard Business School.
Chua, J., Chrisman, J., & Sharma, P. (1999). Defining the family business by behavior. Entrepreneurship Theory and Practice, 23(4), 19–40.
Davis, J. A. (1982). The influence of life-stage on father-son work relationship in family companies. Doctoral Dissertation, Harvard Business School.
Davis, J. A., & Tagiuri, R. (1989). The influence of life-stage on incumbent–son work relationships in family companies. Family Business Review, 2(1), 47–74. CrossRef
Dess, G., & Beard, D. (1984). Dimensions of organizational task environments. Administrative Science Quarterly, 29, 52–73. CrossRef
Dess, G., & Robinson, R. (1984). Measuring organizational performance in the absence of objective measures: the case of the privately-held firm and conglomerate business unit. Strategic Management Journal, 5(3), 265–273. CrossRef
Dreux, D. R. IV, & Brown, B. M. (1999). Marketing private banking services to family businesses. Available at: http://www.genusresources.com/Mark.Priv.Bank.Dreux_5.htm
Dumas, C. (1989). Understanding of father–daughter and father–son dyads in family-owned businesses. Family Business Review, 2, 31–46. CrossRef
Dyck, B., Mauws, M., Starke, F. A., & Mischke, G. A. (2002). Passing the baton: the importance of sequence, timing, technique, and communication in executive succession. Journal of Business Venturing, 17, 143–162. CrossRef
Dyer, W. G., Jr. (1986). Cultural change in family firms: Anticipating and managing business and family transitions. San Francisco: Jossey Bass.
File, K. M., & Prince, R. A. (1996). Attribution for family business failures: the heir’s perspective. Family Business Review, IX(2), 171–184. CrossRef
Firnstahl, T. W. (1986). Letting go. Harvard Business Review., 64(5), 14–18.
Fox, M., Nilakant, V., & Hamilton, R. T. (1996). Managing succession in family-owned business. International Small Business Journal, 15(1), 15–25. CrossRef
Goldberg, S. D. (1996). Research note: effective successors in family-owned businesses: significant elements. Family Business Review, IX(2), 185–197. CrossRef
Goldberg, S. D., & Woolridge, B. (1993). Self-confidence and managerial autonomy: successor characteristics critical to succession in family firms. Family Business Review, Spring, 6(1), 55–73. CrossRef
Grant Thornton. (2002). Family Research. Grant Thornton, New Zealand. http://www.grantthornton.co.nz/services/Prima/research.htm
Hambrick, D., & Snow, C. (1977). A contextual model of strategic decision making in organizations. Academy of Management Proceedings, 108–112.
Handler, W. C. (1989). Managing the family firm succession process: the next generation family member’s experience. Doctoral dissertation, School of Management, Boston University.
Handler, W. C. (1990). Succession in family firms: a mutual role adjustment between entrepreneur and next-generation family members. Entrepreneurship Theory and Practice, 15(1), 37–51.
Handler, W. C. (1991). Key interpersonal relationships of next-generation family members in family firms. Journal of Small Business Management, 29(3), 21–32.
Handler, W. C. (1992). The succession experience of the next generation. Family Business Review, 5(3), 282–307. CrossRef
Handler, W. C., & Kram, K. E. (1988). Succession in family firms: the problem of resistance. Family Business Review, 1(4), 361–381. CrossRef
Harveston, P. D., Davis, P. S., & Lyden, J. A. (1997). Succession planning in family business: the impact of owner gender. Family Business Review, 10, 373–396. CrossRef
Hayes, J. T., & Adams, R. M. (1990). Taxation and statutory considerations in the Formation of Family Foundations. Family Business Review, 3(4), 383–394. CrossRef
Heck, R. K. Z., & Stafford, K. (2001). The vital institution of family business: Economic benefits hidden in plain sight. In G. K. McCann & N. Upton (Eds.), Destroying myths and creating value in family business (pp. 9–17). Deland: Stetson University.
Helrnich, D. (1977). Executive succession in corporate organization: a current integration. Academy of Management Review, 2, 252–266. CrossRef
Hofer, C. W., & Charan, R. (1984). The transition to professional management: mission impossible? American Journal of Small Business., 9(1), 1–11.
Holland, P. G., & Boulton, W. R. (1984). Balancing the family and the business in family business. Business Horizons, 27(2), 16–21. CrossRef
Ibrahim, A. B., Soufani, K., & Lam, J. (2001). A study of succession in a family firm. Family Business Review, XIV(3), 245–258. CrossRef
Kanuk, L., & Berenson, C. (1975). Mail surveys and response rates: a literature review. Journal of Marketing Research, 22, 440–453. CrossRef
Keats, B., & Hitt, M. (1988). A causal model of linkages among environmental dimensions. Macro organizational characteristics and performance. Academy of Management Journal, 31, 570–598. CrossRef
Kepner, E. (1983). The family and the firm: a co-evolutionary perspective. Organizational Dynamics, 12, 57–70. CrossRef
Kerbrat-Orecchioni, C. (1980). L’Enonciation. De la subjectivité dans le langage. A. Colin: Paris.
Kets de Vries, M. F. R. (1985). The dark side of entrepreneurship. Harvard Business Review, 63, 160–167.
Kets de Vries, M. F. R. (1988). The dark side of CEO succession. Harvard Business Review, 88, 56–80.
Kets de Vries, M. F. R. (1993). The dynamics of family-controlled firms: the good and bad news. Organisational Dynamics, 21, 59–71. CrossRef
Kets de Vries, M. F. R. (1996). Family business. London: International Thompson.
Kets De Vries, M. F. R., & Miller, D. (1987). Unstable at the top. New York: NAL.
Kohut, H. (1971). The analysis of the self. New York: International Universities Press.
Koiranen, M. (2000). Juuret ja siivet—Perheyrityksen sukupolvenvaihdos. [Roots and wings—The Family Business Succession] Oy Edita Ab: Helsinki.
Lansberg, I. (1988). The succession conspiracy. Family Business Review, 1(2), 119–143. CrossRef
Lansberg, I. (1999). Succeeding generations: Realizing the dreams of families in business. Boston: Harvard Business School Press.
Lawless, M., & Finch, L. (1989). Choice and determinism: a test of Hrebriniak and Joyce’s framework on strategy environment fit. Strategic Management Journal, 10(4), 351–365. CrossRef
Lefebvre, L., Mason, R., & Lefebvre, E. (1997). The influence prism in SMEs: the power of CEOs’ perceptions on technology policy and its organizational impacts. Management Science, 43, 856–878. CrossRef
Leon-Guerrero, A. Y., McCann, J. E., III, & Haley, J. D., Jr. (1998). A study of practice utilization in family businesses. Family Business Review, 11(2), 107–120. CrossRef
Levinson, H. (1971). Conflicts that plague the family business. Harvard Business Review, 49, 90–98.
Litz, R. A. (1995). The family business: toward definitional clarity. Family Business Review, 8(2), 71–81. CrossRef
Malone, S. C. (1989). Selected correlates of business continuity planning in the family business. Family Business Review, 2(4), 341–353. CrossRef
McConaughy, D., Matthews, C. H., & Fialco, A. S. (2001). Founding Family Controlled Firms: Performance, Risk, and Value. Journal of Small Business Management, 39(1), 31–49. CrossRef
Miller, D., Steier, L., & Le Bretton Miller, I. (2003). Lost in time: intergenerational succession, change, and failure in family business. Journal of Business Venturing, 18, 513–531. CrossRef
Morris, M. H., Williams, R. O., Allen, J. A., & Avila, R. A. (1997). Correlates of success in family business transitions. Journal of Business Venturing, 12, 385–401. CrossRef
NSSG. (2002). Labour Force Survey. (National Statistical Service)
Oppenheim, A. N. (1966). Questionnaire design and attitude measurement. New York: Basic Books.
Pitcher, P., Chreim, S., & Kisfalvi, V. (2000). CEO succession research: bridge over troubled waters. Strategic Management Journal, 21, 625–648. CrossRef
Poutziouris, P. (2001). The (re)-emergence of growth vis-a`-vis control dilemma in a family business growth star: the case of the UK Taramasalata kings. In P. Poutziouris & D. Pistrui (Eds.), Family business research in the third millennium—building bridges between theory and practice (pp. 88–103). Boston: The Family Firm Institute.
Powell, T. C., & Dent-Micallef, A. (1997). Information technology as competitive advantage: the role of human, business, and technology resources. Strategic Management Journal, 18(5), 375–405. CrossRef
Poza, E. J., Alfred, T., & Maheshwari, A. (1997). Stakeholders’ perceptions of culture and management practices in family and family firms—a preliminary report. Family Business Review, 10, 135–155. CrossRef
Pyromalis, V. D., Vozikis, G. S., Kalkanteras, T. A., Rogdaki, M. E., & Sigalas, G. P. (2006). An integrated framework for testing the success of the family business succession process according to gender specificity. In P. Poutziouris (Ed.), Family business research handbook (pp. 422–442). Northampton: Edward Elgar.
Redding, S. G. (1990). This is not the case in Eastern Societies, in The Spirit of Chinese Capitalism, de Gruyter, New York.
Sapienza, H. J., Smith, K. G., & Gannon, M. J. (1988). Using subjective evaluations of organizational performance in small business research. American Journal of Small Business, 12, 45–53.
Sharma, P., Chrisman, J. J., & Chua, J. H. (1996). A review and annotated bibliography of family business studies. Boston: Kluwer Academic.
Sharma, P., Chrisman, J. J., & Chua, J. H. (2003). Predictors of satisfaction with the succession process in family firms. Journal of Business Venturing, 18, 667–687. CrossRef
Sharma, P., Chrisman, J. J., Pablo, A. L., & Chua, J. H. (2001). Determinants of initial satisfaction with the succession process in family firms: a conceptual model. Entrepreneurship Theory and Practice, 25(3), 17–35.
Snow, C. (1976). The role of managerial perceptions in organizational adaptation: an exploratory study. Academy of Management Proceedings: 249–255.
Sonnenfeld, J. (1988). The hero’s farewell: What happens when CEOs retire. New York: Oxford Univ. Press.
Spanos, Y. E., & Lioukas, S. (2001). An examination into the causal logic of rent generation: contrasting porter’s competitive strategy framework and the resource-based perspective. Strategic management journal, 22, 907–934. CrossRef
Stavrou, E. T. (1999). Succession in family businesses: exploring the effects of demographic factors on offspring intentions to join and take over the business. Journal of Small Business Management, 37(3), 43–62.
Stavrou, E. T., & Swiercz, P. M. (1998). Securing the future of the family enterprise: a model of offspring intentions to join the business. Entrepreneurship: Theory & Practice, 22(2), 21–40.
Stenholm, P. (2003). Yrityksen sukupolvenvaihdos ja sen tukeminen. [Business succession and supporting it]. Ministry of Trade and Industry, Studies and Reports 7/2003. Edita Oy: Helsinki.
Teal, E., Upton, N., & Seaman, S. (2003). A comparative analysis of strategic marketing practices of high-growth U.S. family and non-family firms. Journal of Developmental Entrepreneurship, 8(2), 177–195.
Trow, D. B. (1961). Executive succession in small companies. Administrative science quarterly: quarterly, 6, 228–239. CrossRef
Vancil, R. (1987). Passing the baton: Managing the process of CEO succession. Boston: Harvard Univ. Press.
Vickers, M. (1997). For long-haul Performance, Considers all the Best Families; Study Sees Benefits in Relatives Rule. The New York Times, Jan 12th
Wang, Y., & Poutziouris, P. (2003). Michael Stone Ltd: Balancing family tradition with entrepreneurial growth. In A. Jolly (Ed.), The growing business handbook (6th ed., pp. 137–145). London: Kogan Page.
Wang, Y., Watkins, D., Harris, N., & Spicer, K. (2000). Factors Influencing Family Business Succession—A Study in UK Small and Medium Sized Family Firms. Proceedings of the RENT XIV Conference. Prague, Czech Republic, Nov. 23–24. 247–251.
Wang, Y., Watkins, D., Harris, N., & Spicer, K. (2004). The relationship between succession issues and business performance: evidence from IK family SMEs. International Journal of Entrepreneurial Behaviour and Research, 10(1/2), 59–84. CrossRef
Ward, J. L. (1987). Keeping the family business healthy: How to plan for continuing growth profitability and family leadership. San Francisco: Jossey-Bass.
Ward, J. L. (1990). The succession process: 15 guidelines. Small Business Forum, 8(3), 57–62.
Ward, S. (1999). Family Business Succession Planning: Succession Planning Issues for Family-run Businesses. Your Guide to Small Business. Canada
Weick, K. (1979). The social psychology of organizing. Reading: Addison-Westley.
Williams, R. (1990). Preparing your family to manage wealth. San Francisco: Jossey-Bass.
Wong, B., McReynolds, S., & Wong, W. (1992). Chinese family firms in the San Francisco Bay areas. Family Business Review, 5, 355–372. CrossRef
Zahra, A., & Sharma, P. (2004). Family business research: a strategic reflection. Family Business Review, 17(4), 331–346. CrossRef
- Mapping the successful succession process in family firms: evidence from Greece
Vassilios D. Pyromalis
George S. Vozikis
- Springer US
- International Entrepreneurship and Management Journal
Print ISSN: 1554-7191
Elektronische ISSN: 1555-1938
Neuer Inhalt/© Stellmach, Neuer Inhalt/© BBL, Neuer Inhalt/© Maturus, Pluta Logo/© Pluta, Neuer Inhalt/© hww, Best Practices zu agiler Qualität