Who Will Be Next?: The Challenge of Family Business Planning

Who Will Be Next?: The Challenge of Family Business Planning

Elena Khoury (Birzeit University, Palestine) and Maria C. Khoury (Independent Researcher, Palestine)
Copyright: © 2014 |Pages: 16
DOI: 10.4018/978-1-4666-5067-1.ch014
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Abstract

This case is about a family business, Taybeh Brewing Company (TBC), with strategic and succession planning issues including the need to prepare the second generation of decision makers to take over. It covers the centralization of control and issues that arise when it is time for a founder of a company to relinquish control or share in the decision making process. It also deals with the lack of interest by the second generation to continue what others initiated as a family legacy. The business has been approached to become listed on the stock exchange, but the owners have not made a decision. By reading about the small family business, students can learn about business structure that is proper for a company’s future, the pitfalls of founder’s syndrome, and succession planning, which according to Muna and Khoury (2012) becomes imperative for the first and second generations to take seriously.

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