Business Succession as an Evolutionary ProcessBusiness Succession as an Evolutionary Process
Most family business succession studies focus narrowly on the succession event itself or on some of the changes in leadership and performance that occur soon before or after the succession event. Much less common, however, is a study that provides a systematic analysis of the long-term changes that occur in governance philosophies between pre- and post-succession periods. A recent study, Pre- and
David Thayne Leibell, partner in the New York City and Stamford, Conn. offices of Wiggin and Dana
Most family business succession studies focus narrowly on the succession event itself or on some of the changes in leadership and performance that occur soon before or after the succession event. Much less common, however, is a study that provides a systematic analysis of the long-term changes that occur in governance philosophies between pre- and post-succession periods. A recent study, “Pre- and Post-Succession Governance Philosophies in Entrepreneurial Family Firms,” by Lloyd P. Steier and Danny Miller, in the September 2010 issue of the Journal of Family Business Strategy, seeks to fill that scholarly gap by looking at family business suc...
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