What is it about?
This paper presents a framework to explore the idea of wicked problems, its relevance to succession planning in family businesses and its implications for practice and policy.
Featured Image
Why is it important?
Contemporary strategic-planning processes don’t help family businesses cope with some of the big problems they face. Owner managers admit that they are confronted with issues, such as those associated with succession and inter-generational transfer that cannot be resolved merely by gathering additional data, defining issues more clearly, or breaking them down into small problems. Preparing for succession is often put off or ignored, many planning techniques don’t generate fresh ideas and implementing solutions is often fraught with political peril.
Perspectives
Read the Original
This page is a summary of: Strategy for succession in family owned small businesses as a wicked problem to be tamed, Vezetéstudomány / Budapest Management Review, November 2016, Corvinus University of Budapest,
DOI: 10.14267/veztud.2016.11.02.
You can read the full text:
Contributors
The following have contributed to this page