Conclusion: Orientation Regarding Direction of Future Research and Strategies for Supporting Longevity

Abstract

In this concluding chapter we outline some desirable options for further research. Based on the findings presented in the previous chapters the need is emphasized to differentiate the research on the development of family owned enterprises according to age or generations respectively. Further we draw some tentative conclusions on the prerequisites for longevity. On the level of ownership this requires strengthening the cohesion forces and reducing the separation forces. On the level of business strategy we propose the priority of stabilizing the business and then of growth initiatives with the quest for profitability as the third requirement. Ultimately we summarize on the macroeconomic level how many starts of surviving businesses are required in order to maintain the structure of family businesses in the German economy for the future.