Professionalization of Management and Succession Performance - A Vital Linkage

15 Pages Posted: 14 Feb 2007

See all articles by Raveendra Chittoor

Raveendra Chittoor

Indian School of Business (ISB), Hyderabad

Ranjan Das

Indian Institute of Management - Strategic Management Group

Abstract

Based on inductive reasoning - case evidence from Indian family business groups and the authors' experience with family businesses in India - this article explores the impact on succession performance of succession to a nonfamily professional manager as compared to a family member, commonly referred to as professionalization of management. An important distinction is drawn between family-owned and family managed businesses and family-owned and professionally managed businesses. Then, drawing from case studies on succession process in three Indian family business groups, the article puts forth five propositions pertaining to the impact of professionalization of management on succession performance. Several directions for further research are indicated.

Suggested Citation

Chittoor, Raveendra and Das, Ranjan, Professionalization of Management and Succession Performance - A Vital Linkage. Family Business Review, Vol. 20, No. 1, pp. 65-79, March 2007. Available at SSRN: https://ssrn.com/abstract=962992 or http://dx.doi.org/10.1111/j.1741-6248.2007.00084.x

Raveendra Chittoor (Contact Author)

Indian School of Business (ISB), Hyderabad ( email )

Hyderabad, Gachibowli 500 019
India

Ranjan Das

Indian Institute of Management - Strategic Management Group ( email )

E-110, NTB
Joka, Diamond Harbour Road
Calcutta, West Bengal 700104
India

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