Conclusion: Orientation Regarding Direction of Future Research and Strategies for Supporting Longevity

Maximilian Lantelme, Laura K. C. Seibold and Hermut Kormann
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Maximilian Lantelme: Zeppelin University
Laura K. C. Seibold: Zeppelin University
Hermut Kormann: Zeppelin University

Chapter Chapter 8 in German Family Enterprises, 2021, pp 173-177 from Springer

Abstract: Abstract In this concluding chapter, we outline some desirable options for further research. Based on the findings presented in the previous chapters, the need is emphasized to differentiate the research on the development of family-owned enterprises according to age or generations, respectively. Further, we draw some tentative conclusions on the prerequisites for longevity. On the level of ownership, this requires strengthening the cohesion forces and reducing the separation forces. On the level of business strategy, we propose the priority of stabilizing the business and then of growth initiatives with the quest for profitability as the third requirement. Ultimately, we summarize on the macroeconomic level how many new foundations of surviving businesses are required in order to maintain the structure of family businesses in the German economy for the future.

Keywords: Family business; Research directions in family business; Strategic priorities (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-69759-4_8

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DOI: 10.1007/978-3-030-69759-4_8

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