Management and development differences of family businesses between two different generations Online publication date: Tue, 08-May-2018
by Veton Jahmurataj
International Journal of Transitions and Innovation Systems (IJTIS), Vol. 6, No. 2, 2018
Abstract: Family businesses encounter the same success factors as all other companies, as such they need to develop a managing system and seek their position in the market in order to ensure a sustainable development. Family businesses face different challenges and, finding a mechanism to manage differences and conflicts have always been a challenge for these businesses. In this regard, many of these differences are caused by conflicts and misunderstandings between different generations and understanding the differences between generations may help family businesses creating a sustainable, long-term and competitive business. This paper presents quantitative data to address management and development differences of family businesses between two different generations (in contexts where family business is led by founders and successors) and comparing the development of these businesses between two periods of time.
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