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Strategic Aspects of Non-Family SMEs Succession
University of Liechtenstein.ORCID iD: 0000-0001-8469-2427
University of Liechtenstein.
2014 (English)In: Handbook of Research on Strategic Management in Small and Medium Enterprises / [ed] Kiril Todorov, David Smallbone, Hershey, PA: IGI Global, 2014, 282-304 p.Chapter in book (Refereed)
Abstract [en]

While reviewing SME succession literature, an empirical dearth in internal non-family SMEs successionresearch was detected. This situation is somewhat surprising considering the demographic developmentsand the fact that in many countries (e.g. Belgium and the Netherlands) the majority of business transfersare actually non-family. In this chapter, internal non-family succession is explored in a smaller Austriancompany to shed light on how the firm is preparing for this type of succession. With regard to successionpreparation, insights into the aspects of successor selection, successor training, employee involvement inthe succession process, and performance measurement systems are provided. The findings this chapterreports may be useful for both academics and practitioners.

Place, publisher, year, edition, pages
Hershey, PA: IGI Global, 2014. 282-304 p.
Keyword [en]
Company Succession, Non-family SME succession, Succession Planning, Successor Selection, Successor Training
National Category
Social Sciences Economics and Business
Research subject
Humanities and Social sciences
URN: urn:nbn:se:his:diva-10383DOI: 10.4018/978-1-4666-5962-9.ch014ISBN: 978-1-4666-5962-9ISBN: 1-4666-5962-9ISBN: 978-1-4666-5963-6 (electronic)OAI: oai:DiVA.org:his-10383DiVA: diva2:770599
Available from: 2014-12-11 Created: 2014-12-11 Last updated: 2014-12-16Bibliographically approved

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Publisher's full texthttp://www.igi-global.com/chapter/strategic-aspects-of-non-family-smes-succession/107035

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