Managing Succession and Knowledge Transfer in Family Businesses : Lessons from a Comparative Research

Csizmadia, Péter and Makó, Csaba and Heidrich, Balázs (2016) Managing Succession and Knowledge Transfer in Family Businesses : Lessons from a Comparative Research. VEZETÉSTUDOMÁNY, 47 (11). pp. 59-69. ISSN 0133-0179

VT2016n11p59.pdf - Published Version

Download (388kB) | Preview


The most natural mode of family firm succession is the intergenerational ownership transfer. Statistical evidence, however, suggests that in most cases the succession process fails. There can be several reasons as a lot of personal, emotional and structural factors can act as an inhibitor to succession. The effectiveness of the implementation of any succession strategy is strongly dependent on the efficiency of intergenerational knowledge transfer, which is related to the parties’ absorptive capacity and willingness to learn. The paper is based on the experiences learned from the INSIST project. In the framework of the project different aspects of family business succession have been investigated in three participating countries (Hungary, Poland and the United Kingdom). The aim of the paper is to identify the patterns of management, succession, knowledge transfer and learning in family businesses. Issues will be examined in detail such as the succession strategies of companies investigated and the efforts family businesses and their managers make in order to harmonize family goals (such as emotional stability, harmony, and reputation) with business- related objectives (e.g. survival, growth or profitability).

Item Type: Article
Uncontrolled Keywords: family business, succession, knowledge transfer, learning
Subjects: H Social Sciences / társadalomtudományok > HD Industries. Land use. Labor / ipar, földhasználat, munkaügy > HD30.2 Knowledge management. Information technology management / Tudásmenedzsment
H Social Sciences / társadalomtudományok > HF Commerce / kereskedelem > HF5001-6182 Business management / üzleti menedzsment
Depositing User: MTMT SWORD
Date Deposited: 25 May 2023 13:10
Last Modified: 25 May 2023 13:10

Actions (login required)

Edit Item Edit Item