Succession in a family business is generally regarded as a critical point in the life cycle of the enterprise. But how far do owners realise their succession plans? Do they adapt them over time? Or do they even abandon their succession plans – and ultimately close down the family business? Dr André Pahnke, Dr Susanne Schlepphorst and Dr Nadine Schlömer-Laufen examine these questions in their article "Family business successions between desire and reality".
The results provide a broad overview of the significant gap between desire and reality when it comes to succession planning for family businesses. (Intergenerational) continuation should therefore not be taken for granted. The article "Family business successions between desire and reality" has been published in the Journal of Business Venturing Insights (JBVI).
