Abstract
The article aims to explain the reasons and the methods for evaluating the vitality of the family businesses with a focus on a country where family businesses were violently interrupted by forty years of the socialist regime. The intention is to find out, in connection with the vitality of family businesses, whether it is possible to define the factors that enabled the subsequent continuity of this type of business, for instance, the sector that is relevant to the region. The authors draw on a resource-based view as well as the specifics of the family-owned business in an institutional context. They comment on the behaviour of family business from three perspectives – legal, managerial and economic. The intention of knowledge/evaluation system presented is to find the weaknesses in the family business structures in the Czech Republic, which opens the opportunity for the succession process and the subsequent professionalization of their solutions. The methodology is presented in ten case studies. The results of the evaluation showed considerable compliance with those assumptions defined in the literature on those family businesses that continued uninterrupted.
Highlights
In the transition economies after thirty years since the collapse of communism, family businesses (FB) face new challenges: handover and succession
This paper aims to present a developed knowledge system of typology and evaluation of the vitality of family businesses in the Czech environment, created about the identified research gap in the field of family business within the framework of published problems observed in the literature
The reason for a focus on family businesses in the Czech Republic resulted from a challenge that arose based on their development and succession
Summary
In the transition economies after thirty years since the collapse of communism, family businesses (FB) face new challenges: handover and succession. Based on a review of the literature, it is found that research on the problem of family business interruption in these specific countries is lacking (Dana & Ramadani, 2014). The authors inquire whether the family businesses from transition economies face the same problems mentioned in the literature as in other developed countries. The findings of the authors bring answers to the question: how to The reason for a focus on family businesses in the Czech Republic resulted from a challenge that arose based on their development and succession. Examples include many well-known family names: Bata (shoes for all), Popper (luxury shoes), Petrof (grand and upright pianos), and many others
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