Abstract
This paper is about business transfer in family businesses companies. The problem of succession in family businesses in Portugal gets special interest given the high number of these companies. The field study uses interviews from five cases studies which were in a succession process. To help in the succession process is important to take into account the succession plan role and all problems that can happen during the process. The succession plan is the most important instrument in the succession process. It should be done on time to prepare conveniently whom is the successor, when and how the succession takes place. Even though, our evidence suggests that succession can be successful, even without a formal succession plan.
Highlights
Businesses are about 65% to 80% of the enterprises worldwide [1]
Our study discusses the topic of family business and its importance in regional development and competitiveness in Portugal
This study investigates how the succession process is conducted within the companies using the frameworks presented by other researchers
Summary
Businesses are about 65% to 80% of the enterprises worldwide [1]. this is a topic of particular relevance to study.Our study discusses the topic of family business and its importance in regional development and competitiveness in Portugal. Businesses are about 65% to 80% of the enterprises worldwide [1] This is a topic of particular relevance to study. In a study by IAPMEI [2]in February 2008, indicates that SMEs account for 99.6% of business units - companies - of the country, creating three quarters (75.2%) of the total jobs, and representing more than half of the total sales (56.4%).
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
