Impact of Generational Change on Change Management Strategy in Family Businesses

Essay from the year 2012 in the subject Business economics - Business Management, Corporate Governance, grade: 1,0, University of Edinburgh (Business School), course: Change Management, language: English, abstract: This essay examines the issue of organisational change and its management, with specific regard to succession and generational change in family businesses. This short essay attempts to analyse the bringing about of organisational change in family businesses, with specific regard to the impact of succession and generational change upon organisational change management strategies. The essay discusses the rationale for organisational change, describes relevant change management models and furthermore takes up the limitations and challenges of succeeding generations to respond to changing environments and manage change. Use is made of various change management models and succession theories for the evaluation of this study.