Basics factors of success in family-owned businesses from second to third generation

Basics factors of success in family-owned businesses from second to third generation
Amel Dakoumi Hamrouni; Karima Mnasser
International Journal of Entrepreneurship and Small Business, Vol. 18, No. 1 (2013) pp. 57 – 78
Much research has focused on either the study of the succession process and the dynamics involved in the transfer of management and ownership or on the identification of those factors which can guarantee the continuing success of the business. However, little research has been conducted in order to identify the factors that determine the successful continuation of FOBs when they pass from the second to the third generation. Using life stories, this research shows that the factors determining the success of the business are succession planning, preparation of successors, legitimacy of the successor and the relationship between predecessor and successor.

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