Business Commons^™

The Process Of The Intergenerational Succession Of Leadership In A Family Business, Bojan Dolar, Roberto Biloslavo

Economic and Business Review

Background and objective: In this paper, we explore first-generation leadership succession in family businesses which, despite extensive literature on the subject, remains insufficiently understood. Our goal is to acquire new knowledge and understanding regarding this phenomenon with a view to making it more effective.

Method: The basis of our research is a qualitative multiple case study that includes six medium-sized manufacturing family businesses. We conducted semi-structured interviews with incumbents, successors and family representatives, and analysed the data obtained using the content analysis method.

Results: The data analysis and interpretation led to a definition of the category “The way ahead: the …

The Influence Of Family Business Size On Management Activities, Styles And Characteristics, Matthew C. Sonfield, Robert N. Lussier

New England Journal of Entrepreneurship

This is an empirical study of family firm size, as measured by the number of employees, and the relationship of a firm’s size to a variety of management activities, styles, and characteristics. A statistical analysis of data drawn from 159 American family businesses indicates significant differences by size with regard to the number of nonfamily members in top management, use of outside advisors, time spent engaged in strategic management, use of sophisticated methods of financial management, proportion of women family members involved in firm management, and level of conflict between family members. Implications are offered for family firm owner-managers, for …

Translighting Group, Inc., A Small Town, Family Business, Jeff Lowenthal

New England Journal of Entrepreneurship

TransLighting Group, Inc. consists of two companies all centered around the transportation industry. The original company, TransLighting, was started in 1962 by Henry Phillips. Henry was an engineer with Ford Motor Company specializing in braking wiring systems. Over an eight-year period, he designed and patented several wiring and harness systems that are used in cars as of the 2006 model year. Back in the 1950s Henry had the opportunity to learn about and use LED technology. He even came up with a process using this technology to increase brake light visibility (i.e., the third or middle brake light on most …