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Growth Path of Family Enterprises

  • Laura K. C. Seibold
  • Maximilian Lantelme
  • Hermut Kormann
Chapter

Abstract

This chapter will focus on the development needs of the second generation to become a business from a practical/action orientated perspective. The aim is to reveal some practical implications which could be helpful for the second or subsequent generations to find their own way in the sequence of generations. The demanding challenge in the long-term strategy of family owned business shaping the growth development. There is not a simple key success factor enabling a family and its company to pursue a growth path. It requires a special mindset and a fit in four major dimensions.

Keywords

Family owned businesses Development needs Reintegration of entrepreneurship Life cycle 

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Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  • Laura K. C. Seibold
    • 1
  • Maximilian Lantelme
    • 2
  • Hermut Kormann
    • 1
  1. 1.Zeppelin UniversityFriedrichshafenGermany
  2. 2.Accenture StrategyMunichGermany

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