Death




Heinonen Jarna

Howorth Carole, Discua Cruz Allan

PublisherEdward Elgar

2024

Elgar Encyclopedia of Family Business

Elgar Encyclopedias in Business and Management

124

128

5

978-1-80088-871-5

978-1-80088-872-2

DOIhttps://doi.org/10.4337/9781800888722.ch27(external)

https://doi.org/10.4337/9781800888722(external)



The death of a family member and leader is a stressful event, which requires decision and actions to be taken in family and business spheres. In the family sphere family members need to cope with their grief due to the loss of the loved one, and in the business sphere the continuation of the family business needs to be secured by reorganising its leadership and ownership. The entry on death discusses how the family copes with its bereavement over the predecessor, who is oftentimes the main owner and CEO of the firm, and how the continuation of the family business can be secured after the death. The entry argues that it is important for family businesses to be prepared for the loss of the family business leader although death is oftentimes silenced as an unknown and mysterious phenomenon.



Last updated on 2024-26-11 at 10:59