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The Transition to Professional Management: Mission Impossible?

192 citations0/0 files storedAmerican Journal of Small Business

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Entrepreneurship Studies and Influences Leadership and Management in Organizations Family Business Performance and Succession

Abstract

This article presents a conceptual model of the transition process when changing from entrepreneurial management to functional management. It may provide a tool for predicting the success or failure of such a change.

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1966Handbook of Organizations.1961A theory of economic development.1969Critical stages of small business growth

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2009An Agency Theoretic Analysis of the Professionalized Family Firm 2004Family ownership and productivity: the role of owner-management 2003An introduction to theories of family business 2010Small Firm Growth 2013The Effect of Family Business Professionalization as a Multidimensional Construct on Firm Performance 2012Knowledge management and succession planning in SMEs 1999What Can the Family Contribute to Business? Examining Contractual Relationships 2012Family Firm Types Based on the Professionalization Construct

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