Some Cultural Aspects Regarding the Management and Ownership Succession in Romanian Small, Family-owned, Businesses

Gabriela Doina Stănciulescu (), Cezar Scarlat () and Aurelian Cojocea
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Gabriela Doina Stănciulescu: Doctoral School of Entrepreneurship, Business Engineering & Management, University “Politehnica” of Bucharest, Romania
Cezar Scarlat: Doctoral School of Entrepreneurship, Business Engineering & Management, University “Politehnica” of Bucharest, Romania
Aurelian Cojocea: Doctoral School of Entrepreneurship, Business Engineering & Management, University “Politehnica” of Bucharest, Romania

Chapter 2018-12 in Youth and Women Entrepreneurship in Challenging International (Global) Business Environment. Proceedings of the Ninth International Conference, 11 – 14 June 2018, Lighthouse Golf and SPA Resort, Black Sea, Bulgaria, 2019, pp 221-238 from Bulgarian Association for Management Development and Entrepreneurship

Abstract: The authors address the issues of business succession in small and medium sized enterprises (SMEs) – as regards management and/or ownership succession. In Eastern European countries – where their economies were challenged by half-century-plus communist centrally-planed systems – the development of the private, competition-based market economy and associated business culture has suffered a historical intermission (and business succession, essentially the ownership succession, became pointless). On top of all these, the cultural prints added on certain peculiarities. The paper presents some of these cultural patterns, example-based, associated with the Romanian entrepreneurial prototype. The research results are useful for entrepreneurs facing the crucial strategic decisions about management and/or owner-ship succession in their small, family-owned, businesses.

Keywords: small business succession; ownership succession; management succession; small family-owned business; cultural patterns; Romanian entrepreneurial prototype (search for similar items in EconPapers)
Date: 2019
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