Process Analytical Study of Entrepreneurial Behavior in Family Businesses

Abstract

This paper reviews previous research on succession in family business from the perspective of the successor in the entrepreneurial activity process. This research paper reveals new issues of succession in family business, and tries to show the direction of future research. Business succession has been considered as the most important issue in previous research work on family businesses. Therefore, there have been many studies in the area of business succession in research work on family businesses. Dynamics of Innovation Entrepreneurial orientation is important for family businesses, as the behavior of the next generations and the process of succession have been overlooked. This research paper attempts to integrate both research on succession in family business and research on family entrepreneurship by entrepreneurship. As a result, this paper suggests the following ideas: Dependence of resources on prior management, Successor recognition of business Opportunities, redefinition of the business domain per successor, and acquisition of the successor depend on the deployment of resources.