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Published in:

Volume 7 Issue 11
November-2020
eISSN: 2349-5162

Unique Identifier

JETIR2011077

Page Number

577-580

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Title

DOES EARLY PREPARATION AND FAMILY RELATIONSHIP LEAD TO SUCCESSFUL SUCCESSION IN FAMILY-OWNED BUSINESS?

ISSN

2349-5162

Cite This Article

"DOES EARLY PREPARATION AND FAMILY RELATIONSHIP LEAD TO SUCCESSFUL SUCCESSION IN FAMILY-OWNED BUSINESS?", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.7, Issue 11, page no.577-580, November-2020, Available :http://www.jetir.org/papers/JETIR2011077.pdf

Abstract

An important element in Family owned Businesses is succession planning and it requires a thorough and quality understanding. It has become a concern that would elicit evaluation from various angles and thoughts including family, management of the business, and the different stakeholders. Recent indications suggest that the succession planning process in family companies is augmented by the ability of the existing ownership to allow the successor to be assigned, work on the agreement within family and acceptance of roles of individuals. There are varied opinions about the importance of each other's role. This makes it obvious for the need to align all the perspectives about the stakeholders' insight in the family firm.

Key Words

family business, family relationship, succession planning

Cite This Article

"DOES EARLY PREPARATION AND FAMILY RELATIONSHIP LEAD TO SUCCESSFUL SUCCESSION IN FAMILY-OWNED BUSINESS?", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 11, page no. pp577-580, November-2020, Available at : http://www.jetir.org/papers/JETIR2011077.pdf

Publication Details

Published Paper ID: JETIR2011077
Registration ID: 303279
Published In: Volume 7 | Issue 11 | Year November-2020
DOI (Digital Object Identifier):
Page No: 577-580
ISSN Number: 2349-5162

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Cite This Article

"DOES EARLY PREPARATION AND FAMILY RELATIONSHIP LEAD TO SUCCESSFUL SUCCESSION IN FAMILY-OWNED BUSINESS?", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 11, page no. pp577-580, November-2020, Available at : http://www.jetir.org/papers/JETIR2011077.pdf




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