A Study on the Succession Model of Family Businesss

Abstract

Family business has to face issues such as ownership issue, governance structure issue and succession issue, etc. in enterprise development history. Among them, the succession issue is an important transition point in enterprise’s survival and development. It is thus thought of as one of the most important strategic and decision making issues in the enterprise. This article aims at investigating the succession model of Family business. First, reviews are done on the meaning of Family business. Next, reviews and comments are made on the related models of the succession of Family business. It can be seen from the research that the ways of succession of Family business can be divided into process point of view and psychological point of view. Finally, main conclusions of this article are summarized and perspectives are also made on the future researches.