Toward an Integrative Model of Effective FOB Succession

Breton‐Miller, Isabelle Le; Miller, Danny; Steier, Lloyd

doi:10.1111/j.1540-6520.2004.00047.x

Cited by 664 publications

(832 citation statements)

References 38 publications

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“…A very important aspect related to the development of leadership in a succession process is the level of successors' commitment and motivation, which reflects an emotional bond with the organization characterized by the desire to enter and remain in it: as well as predecessors' motivation and commitment (Bracci, 2008;Le Breton-Miller et al, 2004;Sallán, 2006). However, to Cabrera and Martín (2010), in some cases, the incorporation of the successor in the company is related to a sense of obligation and loyalty to the family.…”

Section: Commitment To the Family Businessmentioning

confidence: 99%

“…Cabrera-Suarez et al (2001) point that the quality of the inter-generational relationship is important because it can affect the ability of the predecessors to teach and train their offspring, so that it is possible the important knowledge transmission to the company (Bracci, 2008). Therefore (Cabrera & Martín, 2010) The relationship between successors and predecessors is the foundation of a successful process (Le Breton-Miller et al, 2004). Tacit knowledge can be transferred and assimilated through the establishment of a shared understanding between two or more people, including common mechanisms and cognitive structures, metaphors and analogies, as well as anecdotes (Grant, 1996).…”

Section: Commitment To the Family Businessmentioning

confidence: 99%

“…He should be motivated and aware of the necessary steps through business succession and the gradual loss of power and activity in the day to day and strategic decisions. So he should work and put effort to support the transfer of knowledge (Le Breton-Miller et al, 2004). However, especially in the first generation family businesses, there is lack of adequate systems for training and development of policies skills, because of the founders do not have time to train future leaders or not want to delegate responsibilities; this implies that successor do not have the opportunity to make their own decisions and develop their ideas and initiatives (Cabrera & Martín, 2010).…”

Section: Predecessor Involvement In the Successor Trainingmentioning

confidence: 99%

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Study of factors influencing knowledge transfer in family firms

Martínez

Galván

Palacios

2013

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Purpose: We propose in this paper to analyze what are the factors that influence knowledge transfer both intra and intergenerational in family firms. The main objective is to establish a framework that can be used later in empirical research, although we maintain a completely theoretical approach in this paper Design/methodology/approach: This study, which is a comprehensive framework characterized the knowledge transfer literature in family firms in terms of the factors influencing them, was developed by an extensive literature review. Findings:Based on an extensive literature review, we conclude that knowledge is best transferred when family members value the following factors: trust between family members, commitment to the family business, intergenerational relationships, intragenerational relationships, psychological ownership of the family business, successor's aspects and training, predecessor involvement in the successor training, organizational culture and relationships with Family Business Associations. Research limitations/implications:The study demonstrates the extensiveness and variety of knowledge transfer research. However there is not the same situation in family firms' field. For academics, these different factors can be used as a map for future empirical studies. Originality/value:There is a notable lack of research into knowledge practices in -1216-Intangible Capital -http://dx.doi.org/10.3926/ic.405 small and medium-sized enterprises and especially in family firms. Besides, there is a gap in the understanding of an effective way to transfer these resources across generations; actually, existing studies on knowledge management in family businesses are scarce. The main value of our paper is to fill out partially this gap.

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Section: Commitment To the Family Businessmentioning

confidence: 99%

Section: Commitment To the Family Businessmentioning

confidence: 99%

Section: Predecessor Involvement In the Successor Trainingmentioning

confidence: 99%

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Study of factors influencing knowledge transfer in family firms

Martínez

Galván

Palacios

2013

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“…Unlike in non-family firms, the human capital of family members in a family firm is developed through long apprenticeships and hands-on personalised experience that provide an opportunity to learn while doing (Le Breton- Miller and Miller, 2006;Le Breton-Miller, Miller and Steier, 2004). These highly specific human assets of family firms based on tacit knowledge and experience (Penrose, 1959;Sirmon and Hitt, 2003) are not easily transferable, replaceable, or measurable.…”

Section: Family Ownership and Internationalisationmentioning

confidence: 99%

Internationalisation of publicly traded family firms: a transaction cost theory perspective and longitudinal analysis

Memili

Misra

Chrisman

et al. 2017

IJMED

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There has been a prominent stream of research investigating internationalisation of organisations. While the importance of transaction costs in the governance decisions of firms has been well established in the literature, transaction cost theory (TCT) in family firms remains underutilised. We examine the impact of family governance (i.e. family ownership and involvement in management and the board of directors) on internationalisation within the domain of TCT using 386 S&P 500 firms. Our findings indicate an inverted U-shaped relationship between family ownership and internationalisation and a U-shaped relationship between family's involvement in management and the board and internationalisation. This illustrates the interesting differential impact of the components of family involvement on internationalisation. We conclude by discussing future research and implications for practice.Keywords: family firms; family management; family ownership; internationalisation; transaction cost theory.Reference to this paper should be made as follows: Memili, E., Misra, K., Chrisman, J.J. and Welsh, D.H.B. (2017) 'Internationalisation of publicly traded family firms: a transaction cost theory perspective and longitudinal analysis', Int.

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“…According to Le Breton- Miller et al (2004) succession is a shared planning process between the key members of a family business. Obviously, successor's (or successors') and incumbent's motives, desires and hopes affect succession.…”

Section: Family Business As a Pedagogical Contextmentioning

confidence: 99%

Students’ Perceptions of Family Entrepreneurship – A Study on Family Business Academic Education

Kansikas

Laakkonen

2010

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AbstractThe aim of this qualitative research is to analyze university students’ attitudes toward family entrepreneurship. The theoretical framework of the study analyzes the interaction between family business, ownership, and entrepreneurship education. 211 students from the University of Jyväskylä participated in the study during the basic business study course “Introduction to Entrepreneurship and Business Operations” in September 2007. 143 of those wrote a one page essay, either in Finnish or English, on family entrepreneurship and family business ownership. The students were told to write about the phenomena in their own words. The results were analyzed with content analysis in order to understand how to improve the development of family business entrepreneurship education. The results of the study show that family businesses are perceived through the concept of family: a family owns, works in, and manages a family business. Students perceive family businesses as small businesses that employ people locally. Entrepreneurship motivates students, but owning a family business was perceived as unattractive. The results of the study can be utilized in family business entrepreneurship education.

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Toward an Integrative Model of Effective FOB Succession

Cited by 664 publications

References 38 publications

Study of factors influencing knowledge transfer in family firms

Study of factors influencing knowledge transfer in family firms

Internationalisation of publicly traded family firms: a transaction cost theory perspective and longitudinal analysis

Students’ Perceptions of Family Entrepreneurship – A Study on Family Business Academic Education

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