The Three Dilemmas of Succession

Abstract

The three dilemmas of succession will subsequently be explored as follows. Section 2.2. analyzes the nature of the family firm by looking at the different roles that individuals play in the organization. Section 2.3 shows that these roles often impose conflicting demands on the individuals, thereby leading to the fundamental dilemma of the family business, and explores the role dilemmas that arise between individuals during succession. Section 2.4 demonstrates that the same dilemmas are also experienced internally by the individuals in the firm.