Toward an Integrative Model of Effective FOB Succession

Isabelle Le Breton-Miller; Danny Miller; Lloyd P. Steier

doi:10.1111/j.1540-6520.2004.00047.x

Toward an Integrative Model of Effective FOB Succession

Isabelle Le Breton-Miller¹; Danny Miller²; Lloyd P. Steier³

¹ University of Alberta and CEO of Organizational Effectiveness Research, Inc., in Montreal. · ² HEC Montreal, University of Alberta · ³ University of Alberta

Entrepreneurship Theory and Practice 2004

Given that less than 10% of family owned businesses (FOBs) survive into the third generation, the issue of top executive succession has received a good deal of attention. Unfortunately, the literature on the topic is fragmented, as it deals with different parts of the elephant. This synthetic effort tries to put together the pieces to (1) derive a more encompassing model of what it takes for a succession to succeed, (2) determine the trends, consensus findings, as well as the gaps in our conceptual and empirical knowledge, and (3) suggest areas for further research.

DOI: 10.1111/j.1540-6520.2004.00047.x
Volume: 28 (4)
Pages: 305-328
Language: en
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