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Conclusion: Orientation Regarding Direction of Future Research and Strategies for Supporting Longevity

In: German Family Enterprises

Author

Listed:
  • Maximilian Lantelme

    (Zeppelin University)

  • Laura K. C. Seibold

    (Zeppelin University)

  • Hermut Kormann

    (Zeppelin University)

Abstract

In this concluding chapter, we outline some desirable options for further research. Based on the findings presented in the previous chapters, the need is emphasized to differentiate the research on the development of family-owned enterprises according to age or generations, respectively. Further, we draw some tentative conclusions on the prerequisites for longevity. On the level of ownership, this requires strengthening the cohesion forces and reducing the separation forces. On the level of business strategy, we propose the priority of stabilizing the business and then of growth initiatives with the quest for profitability as the third requirement. Ultimately, we summarize on the macroeconomic level how many new foundations of surviving businesses are required in order to maintain the structure of family businesses in the German economy for the future.

Suggested Citation

  • Maximilian Lantelme & Laura K. C. Seibold & Hermut Kormann, 2021. "Conclusion: Orientation Regarding Direction of Future Research and Strategies for Supporting Longevity," Springer Books, in: German Family Enterprises, edition 2, chapter 0, pages 173-177, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-69759-4_8
    DOI: 10.1007/978-3-030-69759-4_8
    as

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