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Introduction: Dynastic Business Families and the “Big Family Management” Research Project

In: Managing Business Family Dynasties

Author

Listed:
  • Tom A. Rüsen

    (Witten/Herdecke University)

  • Heiko Kleve

    (Witten/Herdecke University)

  • Arist von Schlippe

    (Witten/Herdecke University)

Abstract

Family businesses, the oldest form of business, are constantly changing. However, it is only in recent years that a recognisable development in German business families has led to a range of visible results: the increasing social acceptance of an egalitarian inheritance of shares by all descendants within a business family has given rise to a special type of owning family: the dynastic business family, understood to mean the circle of family business owners numbering at least 50 related persons. Such business families are not only founding families or nuclear families (business families 1.0) or formally organised families with corresponding governance structures (business families 2.0) but, rather, network-like business family structures with many diverse members (business families 3.0). Typically, business families reach this size with a correspondingly large number of shareholders in the fifth generation, since each successor generation has an average of three to four children to whom the shares are passed.

Suggested Citation

  • Tom A. Rüsen & Heiko Kleve & Arist von Schlippe, 2021. "Introduction: Dynastic Business Families and the “Big Family Management” Research Project," Management for Professionals, in: Managing Business Family Dynasties, chapter 1, pages 1-5, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-030-82619-2_1
    DOI: 10.1007/978-3-030-82619-2_1
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