IDEAS home Printed from https://ideas.repec.org/a/taf/ujbmxx/v60y2022i3p616-633.html

Founder-CEOs: Succession planning for the success, growth, and legacy of family firms

Author

Listed:
  • John F. LeCounte

Abstract

The academic research of family-owned small and medium enterprises (SMEs) has undergone significant growth over the past several decades. Many researchers hold that the succession of founder-CEOs represents one of the most important challenges faced by family firms known as family-owned SMEs. Family firms rarely plan for succession. This is an important oversight committed by most family firms. Succession planning, however, likely remains one of the primary causes for the success, growth, and legacy of family firms. To address this issue, a conceptual model for founder-CEO succession planning in family firms was developed to improve family business commitment, continuity, and tacit knowledge transfer for child successors.

Suggested Citation

  • John F. LeCounte, 2022. "Founder-CEOs: Succession planning for the success, growth, and legacy of family firms," Journal of Small Business Management, Taylor & Francis Journals, vol. 60(3), pages 616-633, May.
    • Handle: RePEc:taf:ujbmxx:v:60:y:2022:i:3:p:616-633
    DOI: 10.1080/00472778.2020.1725814
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/00472778.2020.1725814
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/00472778.2020.1725814?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Miruna Radu-Lefebvre & James Davis & William Gartner, 2024. "Legacy in Family Business: A Systematic Literature Review and Future Research Agenda," Post-Print hal-04515862, HAL.
    2. Mohamed Aboelmaged & Ifzal Ahmad & Gharib Hashem & Saadat M. Alhashmi, 2024. "Unleashing the Power of Knowledge in Family Business: Exploring New Horizons and Untapped Potential for Research and Practice," SAGE Open, , vol. 14(3), pages 21582440241, July.
    3. Xuan Wang & Wei Sun, 2024. "Aspiration performance gap, second generation involvement in management, and family Firms' environmental responsibility," Business Strategy and the Environment, Wiley Blackwell, vol. 33(8), pages 8508-8525, December.
    4. Ekaterina Kozachenko & Ilona Ryshtein & Virginia Bodolica & Galina Shirokova, 2026. "Resilience Under Sanctions: A Comparison of Strategic Responses of Family and Non-family Firms in Russia," FIIB Business Review, , vol. 15(2), pages 163-183, March.
    5. Godfred Etse Klugah & Vida Korang & Francis Ransford Esifie & Mohammed Awal Zingnaa Iddrisu, 2025. "Enhancing SME performance through succession planning, family influence, and successor attributes: evidence from Ghana’s hospitality sector," SN Business & Economics, Springer, vol. 5(9), pages 1-25, September.
    6. Weining Li & Ningyu Bei & Liebing Cao, 2025. "RETRACTED ARTICLE: Investigating the Role of Non-family CEOs in Knowledge Diffusion and Investment Behavior in Family Firms During Succession," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 16(1), pages 1860-1886, March.
    7. repec:bcp:journl:v:6:y:2022:i:12:p:285-291 is not listed on IDEAS
    8. Mikoláš Zdeněk & Matejun Marek, 2023. "Theory and practice of the evolutionary networks of potential in a family business succession," Journal of Economics and Management, Sciendo, vol. 45(1), pages 345-373, January.
    9. Ilaria Galavotti & Carlotta D’Este & Daniele Cerrato, 2026. "A size-based contingency approach to family firms’ performance: the role of family power," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 30(1), pages 155-190, March.
    10. Chux Gervase Iwu & Nobandla Malawu & Elona Nobukhosi Ndlovu & Tendai Makwara & Lucky Sibanda, 2024. "Sustaining Family Businesses through Business Incubation: An Africa-Focused Review," JRFM, MDPI, vol. 17(5), pages 1-22, April.

    More about this item

    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:taf:ujbmxx:v:60:y:2022:i:3:p:616-633. 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/ujbm .

    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.