The father, the son and the refreshed spirit : strategic renewal after family business succession in the context of the textile, clothing, leather an…

2005

This study describes the strategic renewal of family business after succession in the textile, clothing, leather and footwear industry (T/C) in light of three examples. Family firms often have an individual approach to developing capabilities for new generations. A turbulent environment, internal resources and the capabilities of the management all have an impact on strategic decisions. The research is a multiple case study of three cases. In each of the companies the succession process, the different roles of the successor, the critical incidents and how they relate to the succession are described. In addition the capability for renewal, renewal process and its effects are introduced. All …