October 2026
Intermediate
256 pages
10h 2m
English
Intergenerational succession in family firms represents a critical economic challenge, with approximately 186,000 German and 51,500 Austrian firms facing ownership transitions between 2026–2030. While traditional succession planning emphasizes financial and legal optimization, empirical evidence highlights emotional and psychological factors as decisive for success or failure. This chapter conceptualizes emotions as “invisible variables” that amplify complexity and disorder, disrupting linear planning and generating emergent patterns in succession processes.
Drawing on behavioral ...
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