Session 7: Family firms and succession Flashcards
1
Q
The F-Pec Scale
A
Eine validierte Skala zur Messung des Familieneinflusses ist der sogenannte F-PEC
2
Q
The F-Pec Scale Aufbau
A
- F-PEC Power Subscale
- F-PEC Experience Subscale
- F-PEC Culture Subscale
3
Q
F-PEC Power Subscale
A
- Ownership
- Governance
- Management
4
Q
F-PEC Experience Subscale
A
- Generation of ownership
- Generation active in manag.
- Generation active on governance board
5
Q
F-PEC Culture Subscale
A
- Overlap between family values and business values
- Family business commitment
6
Q
The three circle model of family business
A
- Ownership
- Business
- Family
7
Q
Incumbent
A
• Motivation
⁻ Unwilling to lose control
⁻ Hesitated to choose
successor
8
Q
Successor
A
• Motivation
⁻ Willingness to take over the firm
⁻ Committed to the firm
9
Q
Why do firm owners give their company into a foundation?
A
- Returning money to society
- No children
- Avoiding family conflicts
