The black box: Unraveling family business succession

Abstract

Using the family business succession, resourcebased view of firms, familiness, and organizational clan literatures, this article develops a model based on the ability of the family business to use familiness, a specific bundle of attributes deriving from a family’s culture, as a competitive advantage for the family firm. In particular, this resource-based framework of family business shows how familiness can distinguish between family firms that succeed beyond the second generation and those that do not. Implications for future research are discussed.

Citation

Campbell, N.D., Heriot, K.H. and Welsh, D.H.B. (2007), "The black box: Unraveling family business succession", New England Journal of Entrepreneurship, Vol. 10 No. 2, pp. 9-14. https://doi.org/10.1108/NEJE-10-02-2007-B001