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Patterns of Family Enterprise’s Growth

In: Topics of Family Business Governance

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  • Laura K. C. Seibold

Abstract

There are many old companies who can look back on a colorful past, starting with a small craftsman’s shop, a pharmacy, or as a self-employed merchant. All of these companies have one thing in common, they all started small and have developed into a long-lasting family business. In most of the cases, the second generation started to establish organizational structures, after the pioneering innovation of the founder. We would like to explore the challenges of the second generation from a practical/action-orientated perspective. What are the development requirements of the next generation concerning the business growth in the different stages of the enterprise? In order to understand these requirements, our team has conducted comprehensive studies of the 350 biggest industrial family-owned businesses in Germany with a special focus on the transition from the first to the second generation.

Suggested Citation

  • Laura K. C. Seibold, 2021. "Patterns of Family Enterprise’s Growth," Management for Professionals, in: Hermut Kormann & Birgit Suberg (ed.), Topics of Family Business Governance, edition 1, pages 79-86, Springer.
  • Handle: RePEc:spr:mgmchp:978-3-030-58019-3_16
    DOI: 10.1007/978-3-030-58019-3_16
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    Cited by:

    1. Rezaee Vessal, Sara & De Giovanni, Pietro & Hassanzadeh, Alborz, 2022. "Technology and service investments in the presence of feature fatigue and word-of-mouth," European Journal of Operational Research, Elsevier, vol. 301(3), pages 923-941.
    2. Gregory Korotenko & Leonid Korotenko, 2021. "Formation of a Programming Languages Stack and a methodology of teaching to students specialized in Computer Science at Technical Universities in the context of interdisciplinarity," Technium Sustainability, Technium Science, vol. 1(1), pages 21-33.
    3. repec:thr:techub:v:1:y:2021:i:1:p:21-33 is not listed on IDEAS

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