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Family Business and Family Change: The End of Patriarchalism

In: Change in SMEs

Author

Listed:
  • Hermann Kotthoff

Abstract

The EQUA-Foundation, or ‘Family-Owner Qualification Academy’ (Eigentümer-Qualifizierungs-Akademie), offers training for family business owners, especially those of the younger generation. To quote the EQUA website: Family Business! Business Family! These terms mean stability, tradition, responsibility. Family businesses are more successful in the long run. Their main success factor is the owner family. But the owner family is as well the main risk factor for the family business. Quarrels, misunderstandings regarding succession, disputes about dividends and family fights threaten the stability of the business, which depends not only on economic conditions but also on the solidarity within the owner family. What are the configurations that lead to conflict between family-shareholders? And what are the means to securing peace in the family and, thereby, the stability of the firm? (author’s translation).

Suggested Citation

  • Hermann Kotthoff, 2008. "Family Business and Family Change: The End of Patriarchalism," Palgrave Macmillan Books, in: Katharina Bluhm & Rudi Schmidt (ed.), Change in SMEs, chapter 7, pages 118-132, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-22778-1_7
    DOI: 10.1057/9780230227781_7
    as

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