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- W2502138992 abstract "This chapter discusses the succession issue that usually arises in family firms and how a family firm should prepare a succession plan. The successful transfer of power from the older generation to the younger one depends on the clarity of the succession planning. In a family business, succession planning is a process of identifying and developing family members, particularly the younger generations, who have the potential to fill leadership positions in the company. Succession planning helps the company maintain its stability and performance, and also can maintain family harmony. Activities in succession planning include formulating and sharing the company and family vision after the founder leaves the company; selecting, educating, and training the future successors and top management; preparing the process of transferring power from the senior generation to the younger one; etc. This chapter elaborates succession in overseas Chinese family businesses and influence of Confucian values. Preparing the next generation of leaders in overseas Chinese family businesses is also discussed." @default.
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- W2502138992 date "2012-01-02" @default.
- W2502138992 modified "2023-10-17" @default.
- W2502138992 title "The Succession Conundrums" @default.
- W2502138992 doi "https://doi.org/10.1002/9781119199021.ch5" @default.
- W2502138992 hasPublicationYear "2012" @default.
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