MAIK SANTOS | Universidade do Porto (original) (raw)

Papers by MAIK SANTOS

Family Business are extremely important for the world´s economy, and have been the target of many... more Family Business are extremely important for the world´s economy, and have been the target of many academic studies, due to its complexity, either in the continuity sense, or its innovative capacity. These business have marking phases of their existence, the one with more problems being the succession phase. Therefore, the need to understand these business deeper was felt needed, namely the kinds and ways of succession to understand why some innovate more than others. It is important to understand what the effect of innovative succession carried out, is, by Family Business. This was developed through a case study, with eight family business of the furniture cluster, with different models (siblings partnership, cousins consortiums and exceptional cases) and types (unplanned, rushed, natural immersion and planned) of succession. The results showed the innovation of each type and model of succession, and it was concluded that, in global terms, there is a collective effort from all, to the convergence of innovation, essentially and in internationalization terms, trying to raise the international presence. What stood out, was, the best preparation and convergence for the innovation in the siblings partnership model, and the assertiveness in innovating provided by the hybrid succession process in the natural immersion succession type. On the other hand, the cousins consortiums succession presented difficulties in creating strategies which could provide innovation, the same way, the rushed succession showed a present limitation for innovation. It seems, that this study gathered all necessary information to answer to the question of the investigation, and which will contribute to future researches and family companies which might come to look for ways to reduce risks of non-continuity and maximize its efforts for a bigger innovative capacity.

Family Business are extremely important for the world´s economy, and have been the target of many... more Family Business are extremely important for the world´s economy, and have been the target of many academic studies, due to its complexity, either in the continuity sense, or its innovative capacity. These business have marking phases of their existence, the one with more problems being the succession phase. Therefore, the need to understand these business deeper was felt needed, namely the kinds and ways of succession to understand why some innovate more than others. It is important to understand what the effect of innovative succession carried out, is, by Family Business. This was developed through a case study, with eight family business of the furniture cluster, with different models (siblings partnership, cousins consortiums and exceptional cases) and types (unplanned, rushed, natural immersion and planned) of succession. The results showed the innovation of each type and model of succession, and it was concluded that, in global terms, there is a collective effort from all, to the convergence of innovation, essentially and in internationalization terms, trying to raise the international presence. What stood out, was, the best preparation and convergence for the innovation in the siblings partnership model, and the assertiveness in innovating provided by the hybrid succession process in the natural immersion succession type. On the other hand, the cousins consortiums succession presented difficulties in creating strategies which could provide innovation, the same way, the rushed succession showed a present limitation for innovation. It seems, that this study gathered all necessary information to answer to the question of the investigation, and which will contribute to future researches and family companies which might come to look for ways to reduce risks of non-continuity and maximize its efforts for a bigger innovative capacity.