Application of a unique model to build up succession of family business in practice

Business & Finance, Entrepreneurship & Small Business, New Business Enterprises
Cover of the book Application of a unique model to build up succession of family business in practice by Niklas Kürten, GRIN Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Niklas Kürten ISBN: 9783638852814
Publisher: GRIN Publishing Publication: November 8, 2007
Imprint: GRIN Publishing Language: English
Author: Niklas Kürten
ISBN: 9783638852814
Publisher: GRIN Publishing
Publication: November 8, 2007
Imprint: GRIN Publishing
Language: English

Seminar paper from the year 2006 in the subject Business economics - Company formation, Business Plans, grade: 1,7, European Business School - International University Schloß Reichartshausen Oestrich-Winkel, 12 entries in the bibliography, language: English, abstract: Literature generally cites the low survival rate which family businesses face. Only 30 % of the companies further survive into the second generation, even only 15 % to 16 % into the third generation. Although many researchers see the most potential reason for this within the lack of adequate planning when company-owner hand over their businesses to offsprings or external managers , there exist various further reasons. In general, academics offer within their works a wide range of reasons, internal as well as external caused factors, which strongly influence the success of the succession within family businesses. Further, they developed several models and academic approaches to build up the process of succession and the mentioned different influences within holistic approaches of succession in family businesses to enable companies a successful handing over. Still, the situation in practice has not changed significantly since the current survival rate is steadily on a further low level. This could consequently reveal the hint of too little interaction between theory and practice respectively between academics and practitioners. Other branches showed the potential and the possible win-situations for both sides. Therefore, the research objective of this paper is to work out, to what extent a unique theoretical model is able to build up all relevant factors influencing the succession as an integrated process in theory to project this onto family businesses in practice and to provide solutions for succession within these companies.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Seminar paper from the year 2006 in the subject Business economics - Company formation, Business Plans, grade: 1,7, European Business School - International University Schloß Reichartshausen Oestrich-Winkel, 12 entries in the bibliography, language: English, abstract: Literature generally cites the low survival rate which family businesses face. Only 30 % of the companies further survive into the second generation, even only 15 % to 16 % into the third generation. Although many researchers see the most potential reason for this within the lack of adequate planning when company-owner hand over their businesses to offsprings or external managers , there exist various further reasons. In general, academics offer within their works a wide range of reasons, internal as well as external caused factors, which strongly influence the success of the succession within family businesses. Further, they developed several models and academic approaches to build up the process of succession and the mentioned different influences within holistic approaches of succession in family businesses to enable companies a successful handing over. Still, the situation in practice has not changed significantly since the current survival rate is steadily on a further low level. This could consequently reveal the hint of too little interaction between theory and practice respectively between academics and practitioners. Other branches showed the potential and the possible win-situations for both sides. Therefore, the research objective of this paper is to work out, to what extent a unique theoretical model is able to build up all relevant factors influencing the succession as an integrated process in theory to project this onto family businesses in practice and to provide solutions for succession within these companies.

More books from GRIN Publishing

Cover of the book Desertification - Only a central problem for desert-near areas? by Niklas Kürten
Cover of the book 'Mögen Sie eigentlich die Amerikaner?' - The historical development of anti-Americanism in Germany by Niklas Kürten
Cover of the book Case study on Debenhams Plc and Leadership by Niklas Kürten
Cover of the book The Acquisition of Politeness in the Language of Children by Niklas Kürten
Cover of the book Impact of location-based services on consumers' buying behaviour, illustrated by the German market by Niklas Kürten
Cover of the book Public Relations as a tool of tourism marketing by Niklas Kürten
Cover of the book Multiperspectival narration in Ian McEwan's 'Atonement' by Niklas Kürten
Cover of the book Das Nibelungenlied - medieval society and modern usage by Niklas Kürten
Cover of the book Analysis of the bio- and nano-technological market of Germany to find market entry strategies for chosen IBM Research Developments by Niklas Kürten
Cover of the book HSBC Banking and Finance by Niklas Kürten
Cover of the book Adolescence, love and sex in James Joyce's short stories 'Araby' and 'An Encounter' by Niklas Kürten
Cover of the book Definition of brand preferences by means of the Limbic® Tool by Niklas Kürten
Cover of the book Critique of an Insurance Software Development Project by Niklas Kürten
Cover of the book Primary Socialization with street children in Rio de Janeiro by Niklas Kürten
Cover of the book A Comparison of Theseus in Greek mythology and 'A Midsummer Night's Dream' by Niklas Kürten
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy