THE MANAGEMENT OF SUCCESSION STRATEGY - INTERGENERATIONAL CHALLENGE

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F49777513%3A23510%2F15%3A43927424" target="_blank" >RIV/49777513:23510/15:43927424 - isvavai.cz</a>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

THE MANAGEMENT OF SUCCESSION STRATEGY - INTERGENERATIONAL CHALLENGE

Popis výsledku v původním jazyce

The successful management of a succession strategy is a big challenge for family businesses. According to a global PwC survey, only 16% of family businesses have a written succession plan. Others do not plan it at all, or they consider it as an act of personal transfer of the company from the founder to the successor. In the real practice, however, it is a process which requires the same discipline and objectivity as any other aspect of business decision-making. Succession is always an emotional matter, which is all the more reason why it should be approached professionally rather than individually. The paper aims to demonstrate that the management of succession strategy is a long-term process through the collection of the theoretical foundations of the issue and through provided case studies. The first part of the text defines the basic terminology and the second part presents the case studies focused on the real progress of successfully managed succession strategies. The third part opens the debate regarding the management of succession strategy and the attractiveness of the family business from the point of view of successor generation. The conclusion offers some examples of activities that lead to the acquisition of knowledge and experience, to the strengthening of the management skills which can prepare a successor to his future role. It appeals to the role of universities and their unique chance to participate in the process of training of existing owners of family businesses and their successors.

Název v anglickém jazyce

THE MANAGEMENT OF SUCCESSION STRATEGY - INTERGENERATIONAL CHALLENGE

Popis výsledku anglicky

The successful management of a succession strategy is a big challenge for family businesses. According to a global PwC survey, only 16% of family businesses have a written succession plan. Others do not plan it at all, or they consider it as an act of personal transfer of the company from the founder to the successor. In the real practice, however, it is a process which requires the same discipline and objectivity as any other aspect of business decision-making. Succession is always an emotional matter, which is all the more reason why it should be approached professionally rather than individually. The paper aims to demonstrate that the management of succession strategy is a long-term process through the collection of the theoretical foundations of the issue and through provided case studies. The first part of the text defines the basic terminology and the second part presents the case studies focused on the real progress of successfully managed succession strategies. The third part opens the debate regarding the management of succession strategy and the attractiveness of the family business from the point of view of successor generation. The conclusion offers some examples of activities that lead to the acquisition of knowledge and experience, to the strengthening of the management skills which can prepare a successor to his future role. It appeals to the role of universities and their unique chance to participate in the process of training of existing owners of family businesses and their successors.

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AE - Řízení, správa a administrativa

OECD FORD obor

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Projekt

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Návaznosti

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Rok uplatnění

2015

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

AD ALTA: JOURNAL OF INTERDISCIPLINARY RESEARCH

ISSN

1804-7890

e-ISSN

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Svazek periodika

5

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

5

Strana od-do

69-73

Kód UT WoS článku

000373285900014

EID výsledku v databázi Scopus

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