Family business transition : advice & cases on transition, succession & split
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Abstract
The authors of this book, Dr. Arif Iqbal Rana and Dr. Rameez Khalid, highlighted effectively how family businesses operate successfully in Pakistan. Their theoretical and practical knowledge and experience provide a basis from which family businesses can learn and operate creating sustainable and successful family business in Pakistan. They illustrate that, if family businesses are not managed appropriately, it may result in business failure and family conflict. The authors illustrated that if the family business is managed successfully, more socio-economic stability can be created. One of the critical issues highlighted for long-term success of family businesses is succession planning. Family businesses are especially vulnerable in the transition phase from one generation to the next. A smooth transition is often difficult to achieve. A lack of confidence, uncertainty and emotional baggage stemming from the child/parent relationship may ruin the most straightforward succession process. The authors provided clear examples on how successful succession can be achieved. The authors have written this book in such a format that it may act as practical guide for leaders within a family business.
Keywords
Family-owned business enterprises, Family business
Table of Contents
Family Business: Mainstream or Quaint? -- Typologies of Family Businesses -- Interrelationship between Scale Economies, Agencies Costs and Ownership Structure -- Why 'Strategic Split' is the Best for most Successions -- Third Generation and Beyond: Professionalizing the Business Family -- Third Generation and Beyond: Professionalizing the Family Business -- Third Generation and Beyond: Professionalizing the Management style.
Publication Date
2025
ISBN/ISSN
9789699759352
Recommended Citation
Khalid, R., & Rana, A. (2025). Family business transition : advice & cases on transition, succession & split. IBA Press. Retrieved from https://ir.iba.edu.pk/iba-press/16
