Business Succession as an Evolutionary Process

Most family business succession studies focus narrowly on the succession event itself or on some of the changes in leadership and performance that occur soon before or after the succession event. Much less common, however, is a study that provides a systematic analysis of the long-term changes that occur in governance philosophies between pre- and post-succession periods. A recent study, Pre- and

Most family business succession studies focus narrowly on the succession event itself or on some of the changes in leadership and performance that occur soon before or after the succession event. Much less common, however, is a study that provides a systematic analysis of the long-term changes that occur in governance philosophies between pre- and post-succession periods. A recent study, “Pre- and Post-Succession Governance Philosophies in Entrepreneurial Family Firms,” by Lloy

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