The harsh reality: 9 out of 10 of family businesses will never make it to the third generation.
This book investigates which factors are critical for the success of a succession. The study of
three family businesses in the third generation from Germany and the UK lead to four best
practices. From the results a new model for succession in family businesses was developed. The
qualitative study is one of the first that investigates the performance of successions with an
international perspective. This book is recommended for family business researchers family
business owners advisors and students interested in family business studies.
