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Full-Text Articles in Business
Succession Planning Strategies For Small Family-Owned Businesses, Samuel Buckner Jr
Succession Planning Strategies For Small Family-Owned Businesses, Samuel Buckner Jr
Walden Dissertations and Doctoral Studies
Some business owners lose young, skillful midlevel leaders to competitors because of limited training to prepare a potential successor for senior leadership roles. Family business owners lack succession strategies to transfer business operations to a junior leader that can lead to business closure and increased community unemployment. Using the transformational leadership framework, the purpose of this multiple case study was to explore the succession planning strategies that small family-owned business owners use to train the next generation of leaders in the southeastern region of the United States. The data sources included a semistructured interview with two business owners and leadership …
Family- Owned Business Leader Succession Planning Strategies, Gary Michael Williamson
Family- Owned Business Leader Succession Planning Strategies, Gary Michael Williamson
Walden Dissertations and Doctoral Studies
AbstractSome business leaders in family-owned businesses lack leadership succession planning strategies. Family-owned businesses that lack succession planning strategies decrease the likelihood of business sustainability after the transition from founder to the successor. Grounded in the socioemotional wealth theory, the purpose of this qualitative multiple case study was to explore succession planning strategies first-generation family-owned business leaders in the metro Atlanta, Georgia area used to transfer leadership and ownership to the second generation. Data collected for this study consisted of semistructured interviews via teleconferences, company website information, press releases, and internal company documents. Yin’s 5 step process was used to analyze …