60-70 pages training material
2 levels - common part + specialities for the 2 target groups (entrepreneurs and MSc students)

Social and cultural aspects of succession and enterprise transmission:

• Succession's effect on business' survival and on employment;
• Effects inheritance discrepancies, how to form creative arrangements with offsprings who do not inherit;
• Socio-emotional capital and the role of trust and conditions necessary for the utilisation of social capital;
• Enhancing the ability of successive generations to acquire the skills to identify new market niches;
• The effect of the" generational shadow". This shadow shed by the founder may constrain the successor and can be of positive or negative impact. The legacy of the founder can influence the strategic behaviour of the successor;
• Planning for the succession: relation between firm size and a formal succession plan
• Evolutionary transformation of family firms: Differences between first generation firms and subsequent generational companies;
• Professionalization of family firms: creating suitable framework for improvements in the division of labour and accountability management;
• The distinguishing role of the family and its impact on the character of the firm in comparison with non family SMEs;
• Differentiation between manufacturing and service companies from point of view of succession. Impact on entrepreneurial outcomes;
• The role of national culture and changing family patterns for different succession types and their impact on entrepreneurial outputs. Different ownership and leadership visions;
• Differentiating role of more individualistic and more collectivist culture in succession;
• Negative effects of the coincidence of owner and manager of the business.