search query: @author Osborne, R. L. / total: 8
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| Author: | Osborne, R. L. |
| Title: | Second-generation entrepreneurs: passing the baton in the privately held companies. |
| Journal: | Management Decision
1991 : VOL. 29:1, p. 42-46 |
| Index terms: | FAMILY FIRMS MANAGEMENT SUCCESSION MANAGEMENT DEVELOPMENT ENTREPRENEURSHIP |
| Language: | eng |
| Abstract: | The succession of second-generation entrepreneurs to control the family business created by their fathers is a challenging, often unsatisfactory process. A study of ten entrepreneurial families who have experienced succession discovered that the preparation of sons and daughters to take over the family business was disorganized, inadequate, and sometimes inept. Moreover, founder-fathers and non-family employees had done little to prepare for the transition to second-generation leadership. Based on the troubling experience of these ten families and the author's work with dozen of family businesses, a comprehensive developmental model is proposed to increase the chances of second-generation success. |
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