Entrepreneurial Family Businesses and Succession Management

  • Robert D. Hisrich
  • Veland Ramadani
Part of the Springer Texts in Business and Economics book series (STBE)


This chapter presents a review of some important issues related to family businesses, such are family business categories, members of family businesses, succession process, family business cultures, conflicts in family businesses, etc.


Conflict Culture Family Family business Founder Hires Manager Succession Successor Succession management 


  1. Alderson, J. K. (2011). Understanding the family business. New York: Business Expert Press.CrossRefGoogle Scholar
  2. Becker, H. S., Geer, B., Hughes, E. C., & Strauss, A. L. (1961). Boys in white. New Brunswick, NJ: Transaction Books.Google Scholar
  3. Bowman-Upton, N. B. (2009). Transferring management in the family-owned business. Washington, DC: U.S. Small Business Administration.Google Scholar
  4. Boyatzis, E. R., & Soler, C. (2012). Vision, leadership and emotional intelligence transforming family business. Journal of Family Business Management, 2(1), 23–30.CrossRefGoogle Scholar
  5. Brigham, K. H. (2013). Social and economic impact of family business. In R. L. Sorenson, A. Yu, K. H. Brigham, & G. T. Lumpkin (Eds.), The landscape of family business. Cheltenham: Edward Elgar.Google Scholar
  6. Brockhaus, R. H. (2004). Family business succession: Suggestions for future research. Family Business Review, 17(2), 165–177.CrossRefGoogle Scholar
  7. Cadieux, L., & Lorrain, J. (2002). Le processus de la succession dans les entreprises familiales: une problématique comportant des défis estimables pour les chercheurs. In: 6ème Congrès International Francophone sur la PME, 24–26 October, Montréal, Canada.Google Scholar
  8. Carlock, R. S., & Ward, J. L. (2001). Strategic planning for the family business—Parallel planning to unify the family and business. New York: Palgrave.CrossRefGoogle Scholar
  9. Chua, H. J., Chrisman, J. J., & Sharma, P. (1999). Defining the family business by behaviour. Entrepreneurship: Theory and Practice, 23(4), 19–39.Google Scholar
  10. Crosbie, A. (2000). Don’t leave it to the children: Starting, building and sustaining a family business. Dublin: Marino Books.Google Scholar
  11. Dakoumi Hamrouni, A., & Mnasser, K. (2013). Basics factors of success in family-owned businessesfrom second to third generation. International of Journal Entrepreneurship and Small Business, 18(1), 57–78.CrossRefGoogle Scholar
  12. Dana, L.-P., & Ramadani, V. (2015). Family businesses in transition economies. Cham: Springer.CrossRefGoogle Scholar
  13. De Massis, A., Sharma, P., Chua, H. J., Chrisman, J. J., & Kotlar, J. (2012). Family business studies: An annotated bibliography. Cheltenham: Edward Elgar Publishing.CrossRefGoogle Scholar
  14. Dean, S. M. (1992). Characteristics of African American family-owned businesses in Los Angeles. Family Business Review, 5(4), 373–395.CrossRefGoogle Scholar
  15. Duh, M., & Belak, J. (2009). Core values, culture and ethical climate in family versus non-family enterprises. In: Proceedings of the Seventh International Conference on Management, Enterprise and Benchmarking, June 5–6, 2009, Budapest, Hungary, pp. 49–69.Google Scholar
  16. Dumas, C., & Blodgett, M. (1999). Articulating values to inform decision making: Lessons from family firms around the world. International Journal of Value-Based Management, 12(3), 209–221.CrossRefGoogle Scholar
  17. Dyer, W. G., Jr. (1986). Cultural change in family firms. San Francisco, CA: Jossey Bass.Google Scholar
  18. Dyer, W. G., Jr. (1988). Culture and continuity in family firms. Family Business Review, 1(1), 37–50.CrossRefGoogle Scholar
  19. Gashi, G., & Ramadani, V. (2013). Family businesses in Republic of Kosovo: Some general issues. In V. Ramadani & R. Schneider (Eds.), Entrepreneurship in the Balkans: Diversity, support and prospects. New York, Heidelberg and Tokyo: Springer.Google Scholar
  20. Gersick, K. E., Davis, J. A., McCollum Hampton, M., & Lansberg, I. (1997). Generations to generations: Life cycles of the family business. Boston, MA: Harvard Business School Press.Google Scholar
  21. Hacker, J., & Dowling, M. (2012). Succession in family firms: How to improve family satisfaction and family harmony. International Journal of Entrepreneurship and Small Business, 15(1), 76–99.CrossRefGoogle Scholar
  22. Harvey, M., & Evans, R. E. (1994). Family business and multiple levels of conflict. Family Business Review, 7(4), 331–348.CrossRefGoogle Scholar
  23. Hofstede, G. (1998). Attitudes, values and organizational culture: Disentangling the concepts. Organization Studies, 19(3), 477–493.CrossRefGoogle Scholar
  24. Hoy, F. (2012). Book review: Keeping the family business healthy: How to plan for continuing growth, profitability, and family leadership; Generation to generation: Life cycles of the family business; and managing for the long run: Lessons in competitive advantage from great family businesses. Family Business Review, 25(1), 117–120.CrossRefGoogle Scholar
  25. Hoy, F., & Sharma, P. (2010). Entrepreneurial family firms. Upper Saddle River, NJ: Pearson Prentice Hall.Google Scholar
  26. Hoy, F., & Verser, T. G. (1994). Emerging business, emerging field: Entrepreneurship and the family firm. Entrepreneurship: Theory and Practice, 19(1), 9–23.Google Scholar
  27. IFC. (2008). Family business governance handbook. Washington, DC: International Finance Corporation.Google Scholar
  28. Jehn, K. A., & Mannix, E. A. (2001). The dynamic nature of conflict: A longitudinal study of intragroup conflict and group performance. Academy of Management Journal, 44(2), 238–51.CrossRefGoogle Scholar
  29. Kamei, K., & Dana, L.-P. (2012). Examining the impact of new policy facilitating SME succession in Japan: From a viewpoint of risk management in family business. International Journal of Entrepreneurship and Small Business, 16(1), 60–70.CrossRefGoogle Scholar
  30. Kepner, E. (2004). The family and the firm: A co-evolutionary perspective. Family Business Review, 4(4), 445–461.CrossRefGoogle Scholar
  31. Koiranen, M. (2002). Over 100 years of age but still entrepreneurially active in business: Exploring the values and family characteristics of old Finnish family firms. Family Business Review, 15(3), 175–188.CrossRefGoogle Scholar
  32. Kotter, J. P., & Heskitt, J. L. (1992). Corporate culture and performance. New York: Free Press.Google Scholar
  33. KPMG. (2013). Family business survey 2013: Performers, resilient, adaptable, sustainable. Melbourne: Family Business Australia.Google Scholar
  34. Lansberg, S. I. (1983). Managing human resources in family firms: The problem of institutional overlap. Organizational Dynamics, 12(1), 39–46.CrossRefGoogle Scholar
  35. Lansberg, I. S. (1988). The succession conspiracy. Family Business Review, 1(2), 119–143.CrossRefGoogle Scholar
  36. Lansberg, I. S., Perrow, E. L., & Rogolsky, S. (1988). Family business as an emerging field. Family Business Review, 1(1), 1–8.CrossRefGoogle Scholar
  37. Leach, P. (2011). Family businesses: The essentials. London: Profile Books.Google Scholar
  38. Lipman, F. D. (2010). The family business guide, everything you need to know to manage your business from legal planning to business strategies. New York: Palgrave Macmillan.Google Scholar
  39. Longenecker, J. G., Moore, C. W., & Petty, J. W. (2000). Small business management: An entrepreneurial emphasis (11th ed.). Cincinnati, OH: South-Western College Publishing.Google Scholar
  40. Mandl, I. (2008). Overview of family business relevant issues. Vienna: Austrian Institute for SME Research.Google Scholar
  41. Molly, V., Laveren, E., & Deloof, M. (2010). Family business succession and its impact on financial structure and performance. Family Business Review, 23(2), 131–147.CrossRefGoogle Scholar
  42. Morris, M. H., Williams, R. O., Allen, J. A., & Avila, R. A. (1997). Correlates of success in family business transitions. Journal of Business Venturing, 12(5), 385–401.CrossRefGoogle Scholar
  43. Poutziouris, Z. P. (2001). The views of family companies on venture capital: Empirical evidence from the UK small to medium-size enterprising economy. Family Business Review, 14(3), 277–291.CrossRefGoogle Scholar
  44. Poza, E. J. (2010). Family business (3rd ed.). Mason, OH: Cengage Learning.Google Scholar
  45. Poza, E. J., & Daugherty, M. S. (2013). Family business (4th ed.). Mason, OH: Cengage Learning.Google Scholar
  46. Ramadani, V., Bexheti, A., Rexhepi, G., Ratten, V., & Ibraimi, S. (2017, forthcoming). Succession issues in Albanian family businesses: An exploratory research. Journal of Balkan and Near Eastern Studies, 19(3).Google Scholar
  47. Ramadani, V., & Hoy, F. (2015). Context and uniqueness of family businesses. In L.-P. Dana & V. Ramadani (Eds.), Family businesses in transition economies (pp. 9–37). Cham: Springer.Google Scholar
  48. Sardeshmukh, S. R., & Corbett, A. C. (2011). The duality of internal and external development of successors: Opportunity recognition in family firms. Family Business Review, 24(2), 111–125.CrossRefGoogle Scholar
  49. Schein, E. H. (1985). Organizational culture and leadership: A dynamic view. San Francisco, CA: Jossey-Bass.Google Scholar
  50. Sharma, P. (2004). An overview of the field of family business studies: Current status and directions for the future. Family Business Review, 17(1), 1–36.CrossRefGoogle Scholar
  51. Sharma, P., & Hoy, F. (2013). Family business roles. In R. L. Sorenson, A. Yu, K. H. Brigham, & G. T. Lumpkin (Eds.), The landscape of family business. Cheltenham: Edward Elgar.Google Scholar
  52. Sharpe, A. (2014). Aligning family and business culture: How to create competitive advantage. Tharawat Magazine, 15, 16–19.Google Scholar
  53. Shi, H. X., & Dana, L.-P. (2013). Market orientation and entrepreneurship in Chinese family business: A socialisation view. International of Journal Entrepreneurship and Small Business, 20(1), 1–16.CrossRefGoogle Scholar
  54. Shuklev, B., & Ramadani, V. (2012). Small business and entrepreneurship. Tetovo: South-East European University (in Albanian language).Google Scholar
  55. Sorenson, L. R. (1999). Conflict management strategies used by successful family businesses. Family Business Review, 12(4), 325–339.CrossRefGoogle Scholar
  56. Tagiuri, R., & Davis, J. (1996). Bivalent attributes of the family firm. Family Business Review, 9(2), 199–208.CrossRefGoogle Scholar
  57. Venter, E., van der Merwe, S., & Farrington, S. (2012). The impact of selected stakeholders on family business continuity and family harmony. Southern African Business Review, 16(2), 69–96.Google Scholar

Copyright information

© Springer International Publishing AG 2017

Authors and Affiliations

  • Robert D. Hisrich
    • 1
  • Veland Ramadani
    • 2
  1. 1.College of Business Administration Kent State UniversityKentUSA
  2. 2.Faculty of Business and EconomicsSouth-East European UniversityTetovoMacedonia

Personalised recommendations