Family Business and Family Change: The End of Patriarchalism

Hermann Kotthoff

Chapter 7 in Change in SMEs, 2008, pp 118-132 from Palgrave Macmillan

Abstract: Abstract The EQUA-Foundation, or ‘Family-Owner Qualification Academy’ (Eigentümer-Qualifizierungs-Akademie), offers training for family business owners, especially those of the younger generation. To quote the EQUA website: Family Business! Business Family! These terms mean stability, tradition, responsibility. Family businesses are more successful in the long run. Their main success factor is the owner family. But the owner family is as well the main risk factor for the family business. Quarrels, misunderstandings regarding succession, disputes about dividends and family fights threaten the stability of the business, which depends not only on economic conditions but also on the solidarity within the owner family. What are the configurations that lead to conflict between family-shareholders? And what are the means to securing peace in the family and, thereby, the stability of the firm? (author’s translation).

Keywords: Family Firm; Family Business; Family Management; Woman Entrepreneur; Family Change (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-22778-1_7

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DOI: 10.1057/9780230227781_7

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