Leading Across Generations: How Succession Can DriveFamily Business Growth

Family firms play a significant role in global economies, yet they face unique challenges, particularly in the area of succession. Succession is often a critical juncture that can either propel a family business to new heights or lead to its decline. This book delves into the dynamics of transgenerational succession in family firms and its profound impact on the growth trajectories of these businesses. It provides a comprehensive examination of how different generations and transgenerational dynamics both enable and constrain the long-term growth of family firms. Through a thematic review of previous studies, the book offers a comprehensive overview of the scientific literature on family business succession. Based on the qualitative analysis of nine case studies, it introduces a conceptual model that identifies best practices for successful transgenerational succession. These insights are designed to help family businesses thrive by fostering growth across generations. Empowering readers with theoretical insights and experiences from real cases, this book serves as an essential resource for family business owners, scholars, and consultants. It bridges the gap between theoretical research and practical application, making it a pivotal guide for navigating the complex waters of family business succession.