000			00955nab a22001217a 4500
008			160615b1996 xxu||||| |||| 00| 0 eng d
100			_aKirby, David A
245			_aSuccession management in family firms in Northeast England _cKirby, David A.
260			_c1996
300			_a75 - 85
520			_aMuch emphasis is placed on family firms' need to plan well in advance for succession and to adopt such formal procedures as advisory councils and written succession plans. A study of 35 family firms in the North East of England suggests that few firms neither believe in the efficacy of such plans nor plan the succession process beyond five years. Since these companies have an average age of 60 years and are being run chiefly by CEOs from the second or subsequent generations of family membership, perhaps a formal management of the succession process is not as critical to business success as some have suggested.
773			_aFamily Business Review _dMar
999			_c43534 _d43534