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Non-Market-Based Transfers of Wealth and Power: A Research Framework for Family Businesses

Non-Market-Based Transfers of Wealth and Power: A Research Framework for Family Businesses Family businesses are basically owner-managed enterprises with the family Involved within the business. When, to family ties within the business, is added the biological inevitability of an eventual transfer of power, family succession becomes an alternative to selling the business–-a transfer based on non-market considerations. A framework for studying family businesses is proposed which has succession as its anchor. The succession process is where changes in management, in strategy, and in control are planned for and executed. The framework is built upon stages of the family enterprise which emanate from the biological reality of parent and offspring being separated by age and business experience but wedded together by “blood” and a shared family experience. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png American Journal of Small Business SAGE

Non-Market-Based Transfers of Wealth and Power: A Research Framework for Family Businesses

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Publisher
SAGE
Copyright
© 1987 SAGE Publications
ISSN
0363-9428
eISSN
1540-6520
DOI
10.1177/104225878701100305
Publisher site
See Article on Publisher Site

Abstract

Family businesses are basically owner-managed enterprises with the family Involved within the business. When, to family ties within the business, is added the biological inevitability of an eventual transfer of power, family succession becomes an alternative to selling the business–-a transfer based on non-market considerations. A framework for studying family businesses is proposed which has succession as its anchor. The succession process is where changes in management, in strategy, and in control are planned for and executed. The framework is built upon stages of the family enterprise which emanate from the biological reality of parent and offspring being separated by age and business experience but wedded together by “blood” and a shared family experience.

Journal

American Journal of Small BusinessSAGE

Published: Jan 1, 1987

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