The Future for family businesses: 2nd-generation succession at company X
Family businesses form a crucial component of the global economy, contributing to employment and economic growth. Unlike other types of businesses, family businesses are distinctive in their ownership and management structures. This dynamic creates a unique blend of familial relationships and busine...
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| Tipo de recurso: | tesis de maestría |
| Fecha de publicación: | 2023 |
| País: | España |
| Institución: | Universitat Politècnica de Catalunya (UPC) |
| Repositorio: | UPCommons. Portal del coneixement obert de la UPC |
| Idioma: | inglés |
| OAI Identifier: | oai:upcommons.upc.edu:2117/406913 |
| Acceso en línea: | https://hdl.handle.net/2117/406913 |
| Access Level: | acceso abierto |
| Palabra clave: | Family-owned business enterprises Empreses familiars Àrees temàtiques de la UPC::Economia i organització d'empreses |
| Sumario: | Family businesses form a crucial component of the global economy, contributing to employment and economic growth. Unlike other types of businesses, family businesses are distinctive in their ownership and management structures. This dynamic creates a unique blend of familial relationships and business considerations, resulting in a complex set of challenges and opportunities. Understanding the intricacies of family businesses is crucial for comprehending their significance and implementing strategies that ensure their longevity and prosperity. This master thesis studies the singularities of family businesses, followed by a practical case on Company X. The company, which has been operating for 60+ years in the real estate sector in Nation 1, faces now a decisive moment for its future. Currently immersed in the succession of its ownership to the second generation of the business family, important decisions about its continuity need to be taken in the near future. More specifically, this thesis delves deep in the history of the company which led to the current business model. The challenges the company is currently facing are analysed, followed by an approach about its desired future business model. To be implemented, several questions need to be tackled in the process of transformation that Company X will soon go through. What is its raison d’être of Company X? Should the company be continued or liquidated? Should it stay in the real estate business? How should its business model look like in the future? The will of Company X’s shareholders, the constrains imposed by the legal and fiscal environment in Nation 1, the real estate market conditions and the ownership form of the company will define important considerations to answer to these questions. |
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