The intention of this work lies in assessing the risks of loss of intellectual capital during the generational turnover process. Specifically, the study aims to investigate the interactive dynamic existing between the established entrepreneurial knowledge, constituting the “traditional values”, that can be transferred by the outgoing entrepreneur, and new entrepreneurial knowledge, introduced and developed by the incoming entrepreneur, that generally is a source of change. The proposed model, functional to the management of entrepreneurial knowledge transfer, represents an evolution of intents already expressed in economic literature, as it’s included in the list of examined factors, the internal and external relations, in addition to the knowledge profile of entrepreneur and his successor and the organisational structure. The introduction inside the model of the above mentioned variable is strictly connected to the awareness that “the tie value” between strategic players, including the bond value existing within the family, represents a key factor for ensuring the continuity of economic activity and the preservation of family business traditions. The study concludes that the application of the model, even though with the limitations associated with its limited practical application, allows the management of the manner and the timing of the transfer of strategic knowledge from the entrepreneur to his successor.
A Conceptual Model for Measuring the Risk of Failure in the Strategic Phase of the Generational Turnover in Family Businesses
TURCO, Mario
2015-01-01
Abstract
The intention of this work lies in assessing the risks of loss of intellectual capital during the generational turnover process. Specifically, the study aims to investigate the interactive dynamic existing between the established entrepreneurial knowledge, constituting the “traditional values”, that can be transferred by the outgoing entrepreneur, and new entrepreneurial knowledge, introduced and developed by the incoming entrepreneur, that generally is a source of change. The proposed model, functional to the management of entrepreneurial knowledge transfer, represents an evolution of intents already expressed in economic literature, as it’s included in the list of examined factors, the internal and external relations, in addition to the knowledge profile of entrepreneur and his successor and the organisational structure. The introduction inside the model of the above mentioned variable is strictly connected to the awareness that “the tie value” between strategic players, including the bond value existing within the family, represents a key factor for ensuring the continuity of economic activity and the preservation of family business traditions. The study concludes that the application of the model, even though with the limitations associated with its limited practical application, allows the management of the manner and the timing of the transfer of strategic knowledge from the entrepreneur to his successor.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
