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Strategic Aspects of Non-Family SMEs Succession

Strategic Aspects of Non-Family SMEs Succession

Susanne Durst, Simon Katzenschlager
Copyright: © 2014 |Pages: 23
ISBN13: 9781466659629|ISBN10: 1466659629|EISBN13: 9781466659636
DOI: 10.4018/978-1-4666-5962-9.ch014
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MLA

Durst, Susanne, and Simon Katzenschlager. "Strategic Aspects of Non-Family SMEs Succession." Handbook of Research on Strategic Management in Small and Medium Enterprises, edited by Kiril Todorov and David Smallbone, IGI Global, 2014, pp. 282-304. https://doi.org/10.4018/978-1-4666-5962-9.ch014

APA

Durst, S. & Katzenschlager, S. (2014). Strategic Aspects of Non-Family SMEs Succession. In K. Todorov & D. Smallbone (Eds.), Handbook of Research on Strategic Management in Small and Medium Enterprises (pp. 282-304). IGI Global. https://doi.org/10.4018/978-1-4666-5962-9.ch014

Chicago

Durst, Susanne, and Simon Katzenschlager. "Strategic Aspects of Non-Family SMEs Succession." In Handbook of Research on Strategic Management in Small and Medium Enterprises, edited by Kiril Todorov and David Smallbone, 282-304. Hershey, PA: IGI Global, 2014. https://doi.org/10.4018/978-1-4666-5962-9.ch014

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Abstract

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

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