Succession and Family Businesses Longevity

Veland Ramadani, Erick P. C. Chang, Ramo Palalić and Esra Memili
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Veland Ramadani: South East European University
Erick P. C. Chang: Arkansas State University
Ramo Palalić: Sultan Qaboos University
Esra Memili: University of North Carolina at Greensboro

Chapter 5 in Entrepreneurial Family Businesses, 2024, pp 97-116 from Springer

Abstract: Abstract This chapter focuses on the challenges that family businesses face in succession aspects. Longevity is very important for the family businesses and for economies as a whole. Succession is one of the most difficult decisions for the family business, and one of the most important. When business leadership transitions are not well structured, they may cause expensive legal issues leading to the sale or eventual loss of the business.

Keywords: Predecessor; Succession management; Succession model; Succession plan; Succession planning; Successor (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-031-59261-4_5

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DOI: 10.1007/978-3-031-59261-4_5

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