Overview

Family firms play a significant role in global economies, yet they face unique challenges, particularly in the area of succession. Succession is often a critical juncture that can either propel a family business to new heights or lead to its decline. This book delves into the dynamics of transgenerational succession in family firms and its profound impact on the growth trajectories of these businesses. It provides a comprehensive examination of how different generations and transgenerational dynamics both enable and constrain the long-term growth of family firms. Through a thematic review of previous studies, the book offers a comprehensive overview of the scientific literature on family business succession. Based on the qualitative analysis of nine case studies, it introduces a conceptual model that identifies best practices for successful transgenerational succession. These insights are designed to help family businesses thrive by fostering growth across generations. Empowering readers with theoretical insights and experiences from real cases, this book serves as an essential resource for family business owners, scholars, and consultants. It bridges the gap between theoretical research and practical application, making it a pivotal guide for navigating the complex waters of family business succession.

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9783031957307

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Michele Pinelli is Associate Professor at Università Ca’ Foscari, Italy. His research focuses on family business succession, management, and growth strategy. His works have been published in prestigious academic journals such as the Journal of Management Studies, Research Policy, Small Business Economics, and Strategic Organization. Claudia Pongelli is Associate Professor at Università degli Studi Link, Italy and affiliate researcher at the Entrepreneurship and Family Business Centre at IPAG Business School, France. Her research focuses on the governance and leadership of family businesses and their impact on strategic decision-making and company performance. Her studies have been published in prestigious academic journals such as the Journal of World Business, Small Business Economies, Family Business Review, and the Journal of Small Business Management.

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