What is Peripheral Legitimated Participation

This chapter investigates if and how the knowledge sharing process between the generations involved in business succession is actually accomplished. Furthermore, this chapter addresses if the next-generation family members are (adequately) trained to develop the proper knowledge and skills for their future role as entrepreneurs. Findings suggest that, even in SMEs, the entrepreneurs and their children often perform different jobs, developing different skills, and undermining the knowledge sharing process. Moreover, the training/learning (both formal and informal) process of the next generation does not appear to help in the development of entrepreneurial skills. Finally, it is suggested that the knowledge sharing process faces major criticism when a daughter of the business family is involved.