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- Title
To Nurture or Groom? The Parent-Founder Succession Dilemma.
- Authors
McMullen, Jeffery S.; Warnick, Benjamin J.
- Abstract
Family business and human resource management scholars suggest that firms whose leaders experience affective commitment are more likely to achieve their goals. Building on self-determination theory, we propose a model in which parent-founders promote affective commitment in child-successors by supporting their psychological needs for competence, autonomy, and relatedness within the family business. We conclude by exploring the ethical implications of different parenting approaches in encouraging intrafamily succession.
- Subjects
FAMILY business succession; SUCCESSION planning; INHERITANCE &; succession; PARENTING research; EXECUTIVE succession
- Publication
Entrepreneurship: Theory & Practice, 2015, Vol 39, Issue 6, p1379
- ISSN
1042-2587
- Publication type
Article
- DOI
10.1111/etap.12178