Succession Planning Strategies for Small Family-Owned Businesses
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Some business owners lose young, skillful midlevel leaders to competitors because of limited training to prepare a potential successor for senior leadership roles. Family business owners lack succession strategies to transfer business operations to a juniorleader that can lead to business closure and increased community unemployment. Using the transformational leadership framework, the purpose of this multiple case study was to explore the succession planning strategies that small family-owned business owners use to train the next generation of leaders in the southeastern region of the United States. The data sources included a semistructured interview with two business owners and leadership training manuals for planned succession.
Format:Paperback
Language:English
ISBN:1805258117
ISBN13:9781805258117
Release Date:April 2023
Publisher:Henry Cary
Length:100 Pages
Weight:0.32 lbs.
Dimensions:0.2" x 6.0" x 9.0"
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