of the successor generation. A failure to develop leadership skills in members of successor generations, in turn, frequently is attributed paternalistic and autocratic leadership by founders of family-owned businesses.
Team-based management has been suggested as a solution to the problems associated with the development of the necessary leadership skills in members of successor generations. More than one-half of family business owners, in a recent United States survey, said they would prefer the next generation to manage and jointly own the family's business.
Team-based management need not mean that a business founder must relinquish leadership responsibilities, but team-based management does mean that the founder of the business functions as a part of a management team, albeit the leader of that team. The evidence is persuasive, however, that team-based management is now widely embraced by family-owned businesses in the United States.
The purpose of this study was to examine
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