From Family Business to Global Business: A Theory of Organizational Transition to Sustainable Growth

Abstract

Successful, large organizations do not .materialize. out to of thin air, some of them begin as family firms. Transitioning from a small entreprise into a larger organization is challenging to both the founding entrepreneur and the firm. While theorists have shown that a transition occurs, and have identified some of the behavioral aspects influencing the entrepreneur, less is known about how the structures and processes are put into place. This paper presents a conceptual framework with five factors to enable a longitudinal transition, and to understand how the entrepreneurial structure can successfully give rise be transited to sustainable growth.