TY - CHAP
T1 - The Effects of Changing Interpersonal Relationships and Ownership on the Succession Process in Family-Owned Businesses
AU - Hajiphilippou, Anthea Maria
AU - Efthymiou, Leonidas
AU - Michael, Andrew
N1 - Publisher Copyright:
© The Author(s), under exclusive license to Springer Nature Switzerland AG 2025.
PY - 2025
Y1 - 2025
N2 - This chapter investigates the impact of business succession and the associated transition on change management in family-owned businesses. By conducting interviews with family business successors and predecessors, the study explores the nuances of the succession process and the implementation of internal changes during this period. The findings highlight the necessity to distinguish between the inclination toward change and the actual implementation of change. Family business successors exhibit a higher propensity for change implementation, yet the success of such implementation depends on various factors, including the visions and ideas of both predecessor and successor, financial considerations, and the successor's human capital. This research contributes valuable insights into the intricate relationship between changing interpersonal dynamics, family ownership, and the succession process in family-owned businesses.
AB - This chapter investigates the impact of business succession and the associated transition on change management in family-owned businesses. By conducting interviews with family business successors and predecessors, the study explores the nuances of the succession process and the implementation of internal changes during this period. The findings highlight the necessity to distinguish between the inclination toward change and the actual implementation of change. Family business successors exhibit a higher propensity for change implementation, yet the success of such implementation depends on various factors, including the visions and ideas of both predecessor and successor, financial considerations, and the successor's human capital. This research contributes valuable insights into the intricate relationship between changing interpersonal dynamics, family ownership, and the succession process in family-owned businesses.
UR - https://www.scopus.com/pages/publications/105012131863
U2 - 10.1007/978-3-031-89798-6_4
DO - 10.1007/978-3-031-89798-6_4
M3 - Chapter
AN - SCOPUS:105012131863
T3 - Palgrave Studies in Cross-Disciplinary Business Research, In Association with EuroMed Academy of Business
SP - 73
EP - 94
BT - Palgrave Studies in Cross-Disciplinary Business Research, In Association with EuroMed Academy of Business
PB - Palgrave Macmillan
ER -