Patterns of Family Enterprise’s Growth

Laura K. C. Seibold

A chapter in Topics of Family Business Governance, 2021, pp 79-86 from Springer

Abstract: Abstract There are many old companies who can look back on a colorful past, starting with a small craftsman’s shop, a pharmacy, or as a self-employed merchant. All of these companies have one thing in common, they all started small and have developed into a long-lasting family business. In most of the cases, the second generation started to establish organizational structures, after the pioneering innovation of the founder. We would like to explore the challenges of the second generation from a practical/action-orientated perspective. What are the development requirements of the next generation concerning the business growth in the different stages of the enterprise? In order to understand these requirements, our team has conducted comprehensive studies of the 350 biggest industrial family-owned businesses in Germany with a special focus on the transition from the first to the second generation.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-3-030-58019-3_16

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DOI: 10.1007/978-3-030-58019-3_16

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