Succession and Family Businesses Longevity

Veland Ramadani, Esra Memili, Ramo Palalić and Erick P. C. Chang
Additional contact information
Veland Ramadani: South East European University
Esra Memili: University of North Carolina at Greensboro
Ramo Palalić: International University of Sarajevo
Erick P. C. Chang: Arkansas State University

Chapter 5 in Entrepreneurial Family Businesses, 2020, pp 81-100 from Springer

Abstract: Abstract This chapter treats issues related to the succession and longevity of entrepreneurial family businesses. It discusses the succession challenges that face every family business owner. Several succession process models are provided as guidelines for the founders to deal in a better manner with the succession issues. Succession and longevity are very important for entrepreneurial family businesses. Succession is one of the most difficult decisions for entrepreneurial family businesses. If the business leadership transition is not well structured, it may cause serious difficulties that may lead to the sale or eventual loss of the business.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-030-47778-3_5

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DOI: 10.1007/978-3-030-47778-3_5

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