13 Jul 2013

Awareness of “Ownership Succession” and Family Business Continuity

Currently, there are numerous scholarly articles on the succession but it is surprising that no or
few papers have discussed the awareness of succession and its impacts. Therefore, this study focused on the
awareness of the family business owners, the attitude of the owners towards intra-succession as means of
business continuity, and how their awareness relate to their preparation for the ownership succession and the
continuity of their business. To achieve these, 17 owners were interviewed with different backgrounds, lines of
business and generations of Family Business (FB), though they all live in Finland. Interestingly, the results
revealed that the awareness relates to succession preparation and the business continuity.

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