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Developing Responsible Owners in Family Business

In: Topics of Family Business Governance

Author

Listed:
  • Joseph H. Astrachan

    (CeFEO - Centre for Family Entrepreneurship and Ownership)

  • Torsten M. Pieper

    (UNC Charlotte Bell College of Business)

Abstract

Successors in a family business must often come from the ownership group and the more responsible and better trained the pool of potential successors, the better the selection will be. Responsible owners will value the family business and the family group over individual interests and support those solutions and successors selections that are most conducive to the long-term survival of the family business.

Suggested Citation

  • Joseph H. Astrachan & Torsten M. Pieper, 2021. "Developing Responsible Owners in Family Business," Management for Professionals, in: Hermut Kormann & Birgit Suberg (ed.), Topics of Family Business Governance, edition 1, pages 119-126, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-030-58019-3_24
    DOI: 10.1007/978-3-030-58019-3_24
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