One of the most significant challenges facing family businesses, and therefore the most studied, is how to successfully … probate process, the preparation of the successor and the importance of family harmony in family business successions. The … with the succession process. It also highlights that preparing the successor is an evolutionary process and that family …

Family businesses face a succession crisis where only 13% survive until the third generation (Lee-Chua, 2014). While … there is sufficient literature on family business succession planning , research on the motivations behind next …-generation engagement in family firms, especially for third-generation successors, is limited (Garcia, Sharma, De Massis, Wright & Scholes …