Succession in Family Business: The Case of the Czech Republic
Succession in Family Business: The Case of the Czech Republic

Author(s): Aleš Kubíček, Petra Štamfestová
Subject(s): Gender Studies, National Economy, Business Economy / Management, Micro-Economics, Economic development, Socio-Economic Research
Published by: Masarykova univerzita nakladatelství
Keywords: family business; succession; gender in family business;
Summary/Abstract: Transfer of ownership and leadership is still very actual topic abroad, but also in the Czech Republic. Succession is a long-term process of planning and managing while its aim is to ensure business continuity across the generations. As a family business grows older, the number of possible successors increases and also increases the risk of potential conflicts among them. Therefore, it is necessary to analyse principles that make succession successful. This article deals with family business succession. The aim of this article is to point out the importance of managing and planning the succession process in family businesses and to find out the main problems in succession. Theoretical part discusses what family business and succession are and also the current state of knowledge about the role of women in succession process. The literature review and an example from the Czech Republic emphasizes main issues that are influencing this longterm process. Focusing on these particular factors can help to families to make the succession more effective.

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