IDEAS home Printed from https://ideas.repec.org/a/krk/ientre/v6y2020i1p77-92.html
   My bibliography  Save this article

When the successor becomes the true leader of a family business?

Author

Listed:
  • Alicja Hadryś-Nowak

    (Poznań University of Business and Economics, Poznań, Poland Author-Email: alicja.hadrys@ue.poznan.pl)

Abstract

Objective: The aim of presented paper is to try to answer to the questions: what are the factors that facilitate or inhibit the process of becoming the leader for international family business, and what are the major successor’s characteristics enabling successor to be a true leader of international family business? Research Design & Methods: The in-depth interview method was used. Findings: Successor’s characteristics such as: integrity, commitment to the family and family business, ability to command the respect of the personnel, decisiveness and interpersonal skills, proved to be relevant. Contribution & Value Added: With the study, author aim to contribute to a better understanding of factors connected with successor’s passage from manager to leader in international family business. the successors need to feel responsibility for the family. Secondly, he/she should has the deciding power in some part of the business. As case study shows, conflicts and interactions between family members, when well-managed, might be source of new ideas and solutions. Next to qualifications and constant learning and improving skills, there is also a need for being open minded and ready to change.

Suggested Citation

  • Alicja Hadryś-Nowak, 2020. "When the successor becomes the true leader of a family business?," International Entrepreneurship Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 6(1), pages 77-92.
  • Handle: RePEc:krk:ientre:v:6:y:2020:i:1:p:77-92
    as

    Download full text from publisher

    File URL: https://ier.uek.krakow.pl/index.php/pm/article/view/1975/2075
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    succession process; successor; family business; business transfers; generational change;
    All these keywords.

    JEL classification:

    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • M51 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Firm Employment Decisions; Promotions
    • M53 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Training
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:krk:ientre:v:6:y:2020:i:1:p:77-92. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Bo¿ena Pera, PhD. (email available below). General contact details of provider: https://edirc.repec.org/data/aekrapl.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.