The black box: Unraveling family business succession

UNCG Author/Contributor (non-UNCG co-authors, if there are any, appear on document)
Dianne H.B. Welsh, Distinguished Professor of Entrepreneurship (Creator)
Institution
The University of North Carolina at Greensboro (UNCG )
Web Site: http://library.uncg.edu/

Abstract: Using the family business succession, resource-based view of firms, familiness, and organizational clan literature, this article develops a model based on the ability of the family business to use familiness, a specific bundle of attributes deriving from a family’s culture, as a competitive advantage for the family firm. In particular, this resource-based framework of family business shows how familiness can distinguish between family firms that succeed beyond the second generation and those that do not. Implications for future research are discussed.

Additional Information

Publication
New England Journal of Entrepreneurship, 10(2), 9-14
Language: English
Date: 2007
Keywords
family business succession, familiness, family firms, second generation