Cultural Embeddedness of Family Business Succession. The Perspective of Next Generation

Anna  Bąkiewicz

Tytuły

Abstrakt

Background. The succession of family business has become the topic most often investigated within the family business (FB) research. As we would like to under‑ stand the phenomena we need to recognize its specificity, mechanism of operation, determinants and consequences. In this case, a range of determinants of the pro‑ cess has been investigated so far. But, the flood of publications seems to focus on specific issues, leaving aside some important aspects of the problem.

Research aims. The purpose of the research is to summarize up to date knowledge on the determinants of the succession, and identify possible gaps in research, and thus potential areas for future inquiry. We concentrate on the culture pre‑ vailing in the community the firms operate in as a potentially significant factor determining the behavior of players involved in succession.

Methodology. The discussion undertaken in the paper is theoretical, based on deduction. The determinants of the process of succession are synthetized on the base of literature review. As there is no succession without successor, we concentrate on the younger generation perspective and try to cover the complexity of the issues involved.

Findings. We show important gaps in the research on family business succession, and point at culture embeddedness of the businesses, and the large promising area of intercultural comparative studies for our understanding of succession. We also indicate the legitimacy of a broader view on management issues by setting the problems in a specific cultural environment. The synthesis suggests the necessity of research on cultural determinants of succession, based on comparative analysis of cases from different cultural background. Moreover, it rises doubts if regularities of an organization operations observed in one cultural background would have universal value.

JEL Codes: L26

Background. The succession of family business has become the topic most often investigated within the family business (FB) research. As we would like to under‑ stand the phenomena we need to recognize its specificity, mechanism of operation, determinants and consequences. In this case, a range of determinants of the pro‑ cess has been investigated so far. But, the flood of publications seems to focus on specific issues, leaving aside some important aspects of the problem.

Research aims. The purpose of the research is to summarize up to date knowledge on the determinants of the succession, and identify possible gaps in research, and thus potential areas for future inquiry. We concentrate on the culture pre‑ vailing in the community the firms operate in as a potentially significant factor determining the behavior of players involved in succession.

Methodology. The discussion undertaken in the paper is theoretical, based on deduction. The determinants of the process of succession are synthetized on the base of literature review. As there is no succession without successor, we concentrate on the younger generation perspective and try to cover the complexity of the issues involved.

Findings. We show important gaps in the research on family business succession, and point at culture embeddedness of the businesses, and the large promising area of intercultural comparative studies for our understanding of succession. We also indicate the legitimacy of a broader view on management issues by setting the problems in a specific cultural environment. The synthesis suggests the necessity of research on cultural determinants of succession, based on comparative analysis of cases from different cultural background. Moreover, it rises doubts if regularities of an organization operations observed in one cultural background would have universal value.

JEL Codes: L26

Słowa kluczowe

family firms, succession, successors, national culture, next genera‑ tion, commitment, intergenerational communication

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Informacje

Informacje: International Journal of Contemporary Management, 2020, Numer 19 (1), s. 7 - 27

DOI: https://doi.org/10.4467/24498939IJCM.20.001.12666

Typ artykułu: Oryginalny artykuł naukowy

Tytuły:

Polski:

Cultural Embeddedness of Family Business Succession. The Perspective of Next Generation

Angielski:

Cultural Embeddedness of Family Business Succession. The Perspective of Next Generation

Autorzy

Anna Bąkiewicz

https://orcid.org/0000-0002-7991-3931

Społeczna Akademia Nauk, ul. Łucka 11 00-842 Warszawa

Publikacja: 30.09.2020

Status artykułu: Otwarte

Licencja: CC BY-NC-ND

Udział procentowy autorów:

Anna Bąkiewicz (Autor) - 100%

Korekty artykułu:

-

Języki publikacji:

Angielski

Liczba wyświetleń: 836

Liczba pobrań: 972

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