Family firms form the majority of organizations around the world. However, only few survive beyond the first generation. Traditionally, intergenerational succession has been equated to the success. Within the family business literature succession is the most researched domain. However, very little has been said about alternatives to intergenerational transfer. The view that handing over the family firm to the children is the only way to go appears somewhat limited. Indeed, family business owners often use the term "pass along" to mean both transferring ownership to the next generation and...
Family firms form the majority of organizations around the world. However, only few survive beyond the first generation. Traditionally, intergeneratio...