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Contribution Details
| Type | Bachelor's Thesis |
| Scope | Discipline-based scholarship |
| Title | Constructing growth opportunities through stakeholder management during family business succession |
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| Institution | University of Zurich |
| Faculty | Faculty of Economics, Business Administration and Information Technology |
| Date | 2014 |
| Abstract Text | Succession is rarely regarded as an opportunity during the life cycle of a firm, but rather as a consequence of departure of the incumbent. As such, family owned businesses could cease when the next generation fails to grow the business. This paper particularly focuses on the management transition phase from one generation to another and pursues the aim to determine whether this phase in a company life cycle of a family firm can open opportunities to capitalise on growth potential, which may have been slumbering. Research was carried out in form of a single case study of a firm and interviews were conducted with the incumbent, successor and key management. The aim was to understand how this particular family-owned business managed the succession period. The interview results showed that there was an indication of growth in various areas of the business, which could be linked to a combination of successful succession whilst not neglecting to focus on management of the firm’s stakeholders. The analysis of the case study reveals results, which can be supported by the relevant literature. Leaving us to believe that there lies a potential chance to enhance business growth during the succession period by managing the process actively. |
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