By Léo-Paul Dana, Veland Ramadani (eds.)
This e-book offers the reader a accomplished knowing of the improvement of relatives enterprise in transitional economies. all through jap Europe, post-Communist international locations transitioning to market-based economies are acquiring numerous effects as a result of assorted coverage techniques. professional contributions during this booklet draw from a wealth of knowledge during this context and contain thought-provoking coverage prescriptions for the long run. This e-book concentrates at the demanding situations to foretell the course rising markets will take, rather while facing the wide-ranging social and financial occasions occurring in post-Communist jap Europe. This reference quantity for policymakers, educators, traders, and researchers additionally presents a much-needed and well timed survey of relatives companies within the transitioning markets of post-Communist Europe.
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Extra resources for Family Businesses in Transition Economies: Management, Succession and Internationalization
7): 1. Initiation phase. In this phase, the owner of the family business, respectively the predecessor is master and commander, where he is primarily occupied with the current and total management of the business. In the initial phase the predecessor has the intention of 1 day ceding the business to his or her successor(s), and in this phase there are few chances for the successor(s) to be involved in the business. 2. Integration phase. In the second phase the successor will be integrated in the business.
The complexity of family businesses arises as a result of the interconnectedness of two separate systems of family and business where each one has different needs and wants, with uncertain boundaries, different roles and different rules.
In this chapter are treated topics such as: history of Albi Group, its business entities, development over the years, governance and succession planning. The editors and the contributors of this book hope that this collection brings an attractive and noteworthy contribution to the field of family businesses, above all in terms of elucidating the substance of these businesses in specific economies, such are the transitional ones. While transition has proven to be an important topic in academic literature, family business in transition economies have been at the margin of research; yet these are important economic players.