2020
DOI: 10.11648/j.ajomis.20200503.14
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Family Businesses Management and Succession: A Meta-Analysis

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Cited by 2 publications
(5 citation statements)
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“…On the one hand, those obtained from surveys mailed to large samples of the target population show that, except the age (Davis and Harveston, 1998;Chan et al, 2020) or sex of the predecessor, it is primarily the presence of a competent successor, demonstrating integrity and commitment to the business, that would ensure that formal planning activities are in place on the part of the predecessor (Sharma et al, 2000). On the other hand, when some have focused on understanding the influence of these same planning activities on the success of the succession, factors related to the quality of the relationship between predecessor and successor and among all family members are the most significant (Morris et al, 1997;Takwi, Bate, and Akosso, 2020). The authors argue that the most successful firms are those where the predecessors took the time to choose their successors and did nothing formal until the relationship between the two was to their satisfaction.…”
Section: Dilemma Between the Need For Succession Planning And Resistamentioning
confidence: 99%
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“…On the one hand, those obtained from surveys mailed to large samples of the target population show that, except the age (Davis and Harveston, 1998;Chan et al, 2020) or sex of the predecessor, it is primarily the presence of a competent successor, demonstrating integrity and commitment to the business, that would ensure that formal planning activities are in place on the part of the predecessor (Sharma et al, 2000). On the other hand, when some have focused on understanding the influence of these same planning activities on the success of the succession, factors related to the quality of the relationship between predecessor and successor and among all family members are the most significant (Morris et al, 1997;Takwi, Bate, and Akosso, 2020). The authors argue that the most successful firms are those where the predecessors took the time to choose their successors and did nothing formal until the relationship between the two was to their satisfaction.…”
Section: Dilemma Between the Need For Succession Planning And Resistamentioning
confidence: 99%
“…Hugron (1993a) differentiated between two aspects in the succession process, namely succession management and the transfer of assets. Since then, among the transfers discussed in the literature on succession in family-owned businesses, two types of the process can be identified: ownership and management (Hugron, 1993b;Morris et al, 1997;Takwi, Bate, and Akosso, 2020). Although the two types of transfers do not evolve at the same pace, the model of the succession process developed by Hugron and Dumas (1993) emphasizes how essential the two are, together, to ensure the continuity of family businesses.…”
Section: Dilemma Between the Need For Succession Planning And Resistamentioning
confidence: 99%
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“…It is also necessary to take into account education and knowledge, as we found out in this research. If a direct descendant of the owner is not suitable as a successor, the owner may divide the ownership and management of the family business (Morris et al 1997;Takwi et al 2020).…”
mentioning
confidence: 99%