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The Organizational Resilience in Family Firms Studies: Role and Impact in Generational Succession

The Organizational Resilience in Family Firms Studies: Role and Impact in Generational Succession
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Author(s): Marzia Ventura (University Magna Græcia of Catanzaro, Italy), Anna Maria Melina (University Magna Græcia of Catanzaro, Italy), Walter Vesperi (University of Messina, Italy) and Rocco Reina (University Magna Græcia of Catanzaro, Italy)
Copyright: 2020
Pages: 20
Source title: Handbook of Research on the Strategic Management of Family Businesses
Source Author(s)/Editor(s): Jesús Manuel Palma-Ruiz (Universidad Autónoma de Chihuahua, Mexico), Ismael Barros-Contreras (Universidad Austral de Chile, Chile) and Luca Gnan (University of Rome "Tor Vergata", Italy)
DOI: 10.4018/978-1-7998-2269-1.ch006

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Abstract

This research analyses how Strategic Planning impacts the organizational resilience in Family Firm. Several contributions show that succession planning in FF has become a particularly sensitive topic over time, where the actors involved had to redefine roles and relations, especially during their generational succession like the moment of the greatest crisis in a firm's life. Theorists and researchers agree that the continuity of businesses from one generation to the next depends highly on succession planning. To achieve this aim, the significance and impact of resilience during this phase is analyzed and discussed in this chapter to offer new insight and perspective to the studies of resilience in FFs.

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