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Transgenerational professionalization of family firms: the role of next generation leaders

Research output: Contribution in Book/Report/Proceedings - With ISBN/ISSNChapter (peer-reviewed)

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Publication date2015
Host publicationDeveloping next generation leaders for transgenerational entrepreneurial family enterprises
EditorsPramodita Sharma, Nunzia Auletta, Rocki-Lee DeWitt, Maria José Parada, Mohar Yusof
Place of PublicationCheltenham
PublisherEdward Elgar
Pages99-125
Number of pages27
ISBN (Print)9781784717865
Original languageEnglish

Publication series

NameSTEP GLOBAL
PublisherEdward Elgar
Volume2

Abstract

This study deals with transgenerational professionalization. This concept revolves around the professionalization of family firms during their life cycle and particularly in the transfer of leadership from one generation to the next. It offers an emerging research framework based on the study of an Italian family firm that has diversified and thrived through the professionalization of family members. The findings prove relevant for the continuity of innovative and entrepreneurial family firms. This study highlights that in family firm generational succession, professionalization and entrepreneurship go hand in hand.