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Some Cultural Aspects Regarding the Management and Ownership Succession in Romanian Small, Family-owned, Businesses

In: Youth and Women Entrepreneurship in Challenging International (Global) Business Environment. Proceedings of the Ninth International Conference, 11 – 14 June 2018, Lighthouse Golf and SPA Resort, Black Sea, Bulgaria

Author

Listed:
  • Gabriela Doina Stănciulescu

    (Doctoral School of Entrepreneurship, Business Engineering & Management, University “Politehnica” of Bucharest, Romania)

  • Cezar Scarlat

    (Doctoral School of Entrepreneurship, Business Engineering & Management, University “Politehnica” of Bucharest, Romania)

  • Aurelian Cojocea

    (Doctoral School of Entrepreneurship, Business Engineering & Management, University “Politehnica” of Bucharest, Romania)

Abstract

The authors address the issues of business succession in small and medium sized enterprises (SMEs) – as regards management and/or ownership succession. In Eastern European countries – where their economies were challenged by half-century-plus communist centrally-planed systems – the development of the private, competition-based market economy and associated business culture has suffered a historical intermission (and business succession, essentially the ownership succession, became pointless). On top of all these, the cultural prints added on certain peculiarities. The paper presents some of these cultural patterns, example-based, associated with the Romanian entrepreneurial prototype. The research results are useful for entrepreneurs facing the crucial strategic decisions about management and/or owner-ship succession in their small, family-owned, businesses.

Suggested Citation

  • Gabriela Doina Stănciulescu & Cezar Scarlat & Aurelian Cojocea, 2019. "Some Cultural Aspects Regarding the Management and Ownership Succession in Romanian Small, Family-owned, Businesses," Conference Proceedings Chapters, in: Kiril Todorov & Jan Degadt (ed.), Youth and Women Entrepreneurship in Challenging International (Global) Business Environment. Proceedings of the Ninth International Conference, 11 – 1, edition 1, chapter 127, pages 221-238, Bulgarian Association for Management Development and Entrepreneurship.
    • Handle: RePEc:mdv:cpchap:y:2018:12
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    File URL: http://conference.bamde.org/RePEc/mdv/cpchap/2018-12.pdf
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    Cited by:

    1. Vladislav ROTARU & Laurentiu MIHAI & Radu OGARCA, 2020. "SUCCESION MANAGEMENT IN ROMANIAN SMEs," Management and Marketing Journal, University of Craiova, Faculty of Economics and Business Administration, vol. 0(2), pages 135-150, November.

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