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Author: Daniel Scheffold
Publisher:
ISBN: 9783656606628
Category :
Languages : en
Pages : 76
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Book Description
Master's Thesis from the year 2013 in the subject Business economics - Business Management, Corporate Governance, grade: 1,3, University of Applied Sciences Stuttgart (Fakultat fur Wirtschaft), course: General Management/ International Business Management, language: English, comment: This Master's Thesis has been completed as part of a double degree program. The achieved degrees are Master of Science (MSc) in International Business Management from Edinburgh Napier University and Master of Arts (MA) in General Management from University of Applied Sciences Stuttgart., abstract: Purpose: Knowledge of the factors that influence success in the succession of family businesses is limited. Despite recent studies, theory cannot explain why only 10 % of all family businesses make it to the third generation. The aim of this dissertation is to identify critical success factors for succession in family businesses. Methodology: A qualitative multiple-case study design with third-generation family businesses, two from Germany and one from the UK was employed. A cross-case analysis was carried out to identify critical success factors and then complemented by a single-case analysis. Findings: Nine of the ten tested hypotheses were confirmed. These were successor development, professionalization, knowledge transfer, capital structure, corporate governance, family harmony, stepping aside, succession planning and long-term orientation. The hypothesis about dividend policy was not confirmed. No significant differences were found to be based on national influence. Practical Implications: From the results, a new model for family business succession is developed which leads to four best practice recommendations. These are the implementation of shared leadership, linking ownership to management; ensure communication in the family to create family harmony and the use of outside consultants. Limitations: Due to the case study design, this research does not provide statistical generaliz
Author: Daniel Scheffold
Publisher:
ISBN: 9783656606628
Category :
Languages : en
Pages : 76
Get Book Here
Book Description
Master's Thesis from the year 2013 in the subject Business economics - Business Management, Corporate Governance, grade: 1,3, University of Applied Sciences Stuttgart (Fakultat fur Wirtschaft), course: General Management/ International Business Management, language: English, comment: This Master's Thesis has been completed as part of a double degree program. The achieved degrees are Master of Science (MSc) in International Business Management from Edinburgh Napier University and Master of Arts (MA) in General Management from University of Applied Sciences Stuttgart., abstract: Purpose: Knowledge of the factors that influence success in the succession of family businesses is limited. Despite recent studies, theory cannot explain why only 10 % of all family businesses make it to the third generation. The aim of this dissertation is to identify critical success factors for succession in family businesses. Methodology: A qualitative multiple-case study design with third-generation family businesses, two from Germany and one from the UK was employed. A cross-case analysis was carried out to identify critical success factors and then complemented by a single-case analysis. Findings: Nine of the ten tested hypotheses were confirmed. These were successor development, professionalization, knowledge transfer, capital structure, corporate governance, family harmony, stepping aside, succession planning and long-term orientation. The hypothesis about dividend policy was not confirmed. No significant differences were found to be based on national influence. Practical Implications: From the results, a new model for family business succession is developed which leads to four best practice recommendations. These are the implementation of shared leadership, linking ownership to management; ensure communication in the family to create family harmony and the use of outside consultants. Limitations: Due to the case study design, this research does not provide statistical generaliz
Author: Daniel Scheffold
Publisher: GRIN Verlag
ISBN: 3656606536
Category : Business & Economics
Languages : en
Pages : 74
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Book Description
Master's Thesis from the year 2013 in the subject Business economics - Business Management, Corporate Governance, grade: 1,3, University of Applied Sciences Stuttgart (Fakultät für Wirtschaft), course: General Management/ International Business Management, language: English, abstract: Purpose: Knowledge of the factors that influence success in the succession of family businesses is limited. Despite recent studies, theory cannot explain why only 10 % of all family businesses make it to the third generation. The aim of this dissertation is to identify critical success factors for succession in family businesses. Methodology: A qualitative multiple-case study design with third-generation family businesses, two from Germany and one from the UK was employed. A cross-case analysis was carried out to identify critical success factors and then complemented by a single-case analysis. Findings: Nine of the ten tested hypotheses were confirmed. These were successor development, professionalization, knowledge transfer, capital structure, corporate governance, family harmony, stepping aside, succession planning and long-term orientation. The hypothesis about dividend policy was not confirmed. No significant differences were found to be based on national influence. Practical Implications: From the results, a new model for family business succession is developed which leads to four best practice recommendations. These are the implementation of shared leadership, linking ownership to management; ensure communication in the family to create family harmony and the use of outside consultants. Limitations: Due to the case study design, this research does not provide statistical generalizable findings. Originality/ Value: This study increases the knowledge about critical success factors of succession in family businesses. The use of cases from two countries and three different industries increases the significance. The newly developed model for family business succession proposes a new view on the succession process that should be tested by future studies.
Author: Daniel Scheffold
Publisher: diplom.de
ISBN: 3954897547
Category : Business & Economics
Languages : en
Pages : 76
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Book Description
The harsh reality: 9 out of 10 of family businesses will never make it to the third generation. This book investigates which factors are critical for the success of a succession. The study of three family businesses in the third generation from Germany and the UK lead to four best practices. From the results, a new model for succession in family businesses was developed. The qualitative study is one of the first that investigates the performance of successions with an international perspective. This book is recommended for family business researchers, family business owners, advisors and students interested in family business studies.
Author: Linkage Inc.
Publisher: John Wiley & Sons
ISBN: 0787985791
Category : Business & Economics
Languages : en
Pages : 288
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Book Description
Plan For Your Organization's Success Linkage's Best Practices for Succession Planning provides the ultimate guide for planning, developing, implementing, and sustaining succession planning in any organization. This must-have book provides step-by-step instructions, practical advice, templates, and tools from some of the world's best companies and Linkage, a global organization development company that specializes in leadership development. Linkage Inc.'s Best Practices for Succession Planning is the comprehensive resource that includes information needed to * Ensure that succession management is owned by business leaders rather than just HR * Assess potential for future roles, not just track record of performance * Manage succession data on individuals and talent pools * Balance talent development and acquisition in achieving future objectives * Develop the processes, tools, and organizational capabilities necessary to effectively implement and sustain the system * Integrate succession planning systems with other businesses and HR systems in the organization to achieve efficiency, consistency, and impact
Author: Rochelle Clarke
Publisher: Gatekeeper Press
ISBN: 1732610916
Category : Business & Economics
Languages : en
Pages : 72
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Book Description
Are you struggling with telling your family that you do not want to work in the family business? Do you struggle with convincing your family business to try new ideas or innovations? As the owner, are you struggling with surrendering control to your successors? Do you need more separation between the business and your personal life? Successfully navigating the succession process within a family business requires a delicate touch. In this book, we explore the difficult conversations that you may encounter along the transition journey and help you anticipate and plan for them with minimal stress. With the goal of maintaining strong family and business relationships while effectively addressing tough subjects, we cover common issues like: - establishing boundaries to preserve business and personal life - declining an offer to lead the family business - changing the business vision or ways of working under new leadership - convincing the business to try new innovations or ideas - asking for more freedom make your mark - addressing poor performance Brought to you by Succession Strength’s top team of business experts including an organizational psychologist, The 5 Critical Succession Conversations: A Comprehensive Guide for the Family Business smooths your succession journey and ensures that your business not only survives, but thrives for generations to come.
Author: Marvin T. Howell
Publisher: CRC Press
ISBN: 1439811202
Category : Business & Economics
Languages : en
Pages : 156
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Book Description
Critical-to-success factors (CSFs) have become essential elements to strategic planning and no business can achieve consistent success without effectively adopting them. To take full advantage of CSFs, however, an organization must first understand what they are and how they can be used to drive organizational initiatives and processes. Critical Su
Author: C. Aronoff
Publisher: Springer
ISBN: 1137512083
Category : Business & Economics
Languages : en
Pages : 103
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Book Description
Helps to prepare for passing the family business on to the next generation. Leaders will learn how to create a succession plan; how to develop opportunities for succession candidates; how to build consensus with the family and leaders on succession plans and finally leaders will learn when and how to let go of their own role in the business.
Author: David Berke
Publisher: Center for Creative Leadership
ISBN: 1882197895
Category : Business & Economics
Languages : en
Pages : 62
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Book Description
The purpose of succession-related practices is to ensure that there are ready replacements for key positions in an organization so that turnover will not negatively affect the organization's performance. CCL first published an annotated bibliography on succession planning in 1995. That bibliography focused primarily on the link between succession and management development. This bibliography has a broader scope; it is an update and expansion, commensurate with the maturation of this area of practice. In addition to linkages between succession and development, we also consider representative literature on CEO succession, high potentials, and succession systems and architecture. It is hoped that those who use this bibliography will find resources that help them in conceptualizing, planning, and implementing effective succession systems in their organizations.
Author: Mohammad Aljeemaz
Publisher: Mohammad Aljeemaz
ISBN: 1640083480
Category : Business & Economics
Languages : en
Pages : 45
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Book Description
Business succession planning is an ongoing process that identifies necessary competencies, then works to assess, develop, and retain a talent pool of employees, in order to ensure a continuity of leadership for all critical positions. Succession planning is a specific strategy, which spells out the particular steps to be followed to achieve the mission, goals, and initiatives identified in workforce planning. It is a plan that managers can follow, implement, and customize to meet the needs of their organization.
Author: Eric Hehman
Publisher: John Wiley & Sons
ISBN: 111905852X
Category : Business & Economics
Languages : en
Pages : 245
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Book Description
An insightful look at leadership transition from the successor's perspective Success and Succession examines the leadership transition process from the successor's point of view, and outlines the considerations and strategies that lead to a better future for the business. With a focus on practical planning and execution, this insightful guide provides insight into the strategies that smooth the transition and help the new leadership make better business decisions. You'll learn when and how to start planning, who you need on your team, and the obstacles you should anticipate along the way. You'll learn to navigate the uncertainty the process entails, and how to identify opportunities for reciprocal understanding and adopt workable approaches for successful resolution of a multitude of transition issues. Interviews with those at various stages of transition highlight the real-world application of these ideas, and give you an inside look at what worked, what didn't, and what they wish they had thought of. The transition of leadership in an independent, non-public professional service business can be emotional and difficult for everyone. This book gives you a framework for smoothing the process and driving the best possible future of the business. Consider the complexities of succession and transition Balance conflicting dynamics of outgoing and incoming leadership Plan for operational, financial, and emotional obstacles Develop and execute a winning strategy for long term success The transition from founder to successor is far from an academic exercise, and is not linear. Answers are hard to find, and the ebb and flow of the process requires patience, creativity, and willingness to try again. Success and Succession provides a unique strategy for success, from the perspective of incoming leadership.
