FEATURES OF INHERITANCE OF THE FAMILY BUSINESS

Blagovesta Koyundzhiyska-Davidkova ()
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Blagovesta Koyundzhiyska-Davidkova: SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, BULGARIA

Entrepreneurship, 2015, vol. 3, issue 2, 150-159

Abstract: The family business is the oldest and most prevalent business form in the world that is found in various types of companies. This essentially unique way of doing business is distinguished because of its continuity, balancing between business and family relations, business value, family culture, the process of rapid decision-making, flexibility and inheritance. Every family business is facing the real possibility one day to end or to be taken over by new owners. This happens despite its stable base and its successful development and irrespectively of the success and the reputation of its manager within the community itself. The survival rate of the family business is quite low one generation after its creator. The main reason for this lies in unsuccessful inheritance that leads to a search for solutions.

Keywords: Inheritance; Succession; Family; Family Business; Features of Inheritance; Transfer of Owners (search for similar items in EconPapers)
Date: 2015
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