Competence Development and Personnel Selection in Dynastic Business Families

Tom A. Rüsen (), Heiko Kleve () and Arist von Schlippe ()
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Tom A. Rüsen: Witten/Herdecke University
Heiko Kleve: Witten/Herdecke University
Arist von Schlippe: Witten/Herdecke University

Chapter 6 in Managing Business Family Dynasties, 2021, pp 59-70 from Springer

Abstract: Abstract Suitable personnel selection is crucial in setting up boards: the challenges for the management of dynastic business families are enormous, so it is crucial to find and select competent people, train them and put them in appropriate positions. In this context, the organisational logic of competence and the family logic of equality also collide in dynastic families. Questions of competence promotion and personnel selection can become tense issues that need to be addressed sensitively. If the political logic of democratic majority decisions is added and there is an expectation that committee representatives should be not only competent but also popular, then it becomes clear what a mammoth task it is to successfully recruit suitable people for the management and representation of the business family. The task is made somewhat easier by the fact that the large number and diversity of shareholders increase the likelihood that at least some candidates will be found who are both willing and able to help shape the dynastic business family.

Date: 2021
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DOI: 10.1007/978-3-030-82619-2_6

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