Strategic decision making in intergenerational successions o medium sized family-owned businesses

This paper deals with intergenerational successions of small and medium-size enterprises (SMEs). Entrepreneurs face an unavoidable succession dilemma: they must make either explicit or implicit strategic decisions about transitioning ownership of the family business. The main alternatives are to sel...

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Bibliographic Details
Main Author: Bjuggren, Per-Olof
Format: Article
Language:English
Published: 2001
LEADER 01267nab a22001217a 4500
008 160615b2001 xxu||||| |||| 00| 0 eng d
100 |a Bjuggren, Per-Olof 
245 |a Strategic decision making in intergenerational successions o medium sized family-owned businesses  |c Bjuggren, Per-Olof. 
260 |c 2001 
300 |a 11 - 23 
520 |a This paper deals with intergenerational successions of small and medium-size enterprises (SMEs). Entrepreneurs face an unavoidable succession dilemma: they must make either explicit or implicit strategic decisions about transitioning ownership of the family business. The main alternatives are to sell the company to someone outside the family or to make arrangements for an interfamily succession. In the latter case, there are many transition modes, e.g., through a gift of shares or a will. This paper uses decision trees to analyze intergenerational successions problems. One conclusion of the paper is that it is important for a society to provide a legal system that facilitates transitions of family companies within the family because the legal system will, among other positive factors connected with family businesses, preserve idiosyncratic knowledge of family character. 
773 |a Family Business Review  |d Jan 
999 |c 43644  |d 43644 

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