The suitability of the business model currently used in the family business, Hedge Farm, for the transition of the business between generations

Hdl Handle:
http://hdl.handle.net/10034/305482
Title:
The suitability of the business model currently used in the family business, Hedge Farm, for the transition of the business between generations
Authors:
Clark, Anna C.
Abstract:
This study considers the research question “The suitability of the business model currently used in the family business, Hedge Farm, for the transition of the business between generations.” The research aims are: a) To understand contemporary literature on family business models. b) To understand contemporary literature on succession in family businesses. c) To identify the business model used by family business Hedge Farm including the position of the business with respect to the succession process. d) To evaluate the business model of family business Hedge Farm for the transition of businesses between generations. e) To draw conclusions and make recommendations on the business model for the transition the business between generations. This will be based on analysis of the current observed business model, and the theory, based on the findings of aims a, b, c and d. This case study research is predominantly interpretive in its philosophy. Both deductive and inductive techniques were used during the research. After a literature review was completed a conceptual model and set of interview questions were developed. The semi structured interviews were conducted with all members of the case study to gain a rich insight into the organisation. The data collected was analysed inductively and grouped into a number of categories. The findings from the research suggest that a number of aspects relating to the business model at Hedge Farm will need to change as part of the succession process and it is likely that this will occur through a staged process. It was concluded that the incumbent’s reluctance to let go of the business, poor communication between business members and lack of planning for succession were factors resisting succession. Despite these there was shared agreement who will be the successor and some limited evidence that changes were beginning to occur.
Advisors:
Black, Kate
Publisher:
University of Chester
Publication Date:
May-2013
URI:
http://hdl.handle.net/10034/305482
Type:
Thesis or dissertation
Language:
en
Appears in Collections:
Masters Dissertations

Full metadata record

DC FieldValue Language
dc.contributor.advisorBlack, Kateen
dc.contributor.authorClark, Anna C.en
dc.date.accessioned2013-11-18T09:43:32Zen
dc.date.available2013-11-18T09:43:32Zen
dc.date.issued2013-05en
dc.identifier.urihttp://hdl.handle.net/10034/305482en
dc.description.abstractThis study considers the research question “The suitability of the business model currently used in the family business, Hedge Farm, for the transition of the business between generations.” The research aims are: a) To understand contemporary literature on family business models. b) To understand contemporary literature on succession in family businesses. c) To identify the business model used by family business Hedge Farm including the position of the business with respect to the succession process. d) To evaluate the business model of family business Hedge Farm for the transition of businesses between generations. e) To draw conclusions and make recommendations on the business model for the transition the business between generations. This will be based on analysis of the current observed business model, and the theory, based on the findings of aims a, b, c and d. This case study research is predominantly interpretive in its philosophy. Both deductive and inductive techniques were used during the research. After a literature review was completed a conceptual model and set of interview questions were developed. The semi structured interviews were conducted with all members of the case study to gain a rich insight into the organisation. The data collected was analysed inductively and grouped into a number of categories. The findings from the research suggest that a number of aspects relating to the business model at Hedge Farm will need to change as part of the succession process and it is likely that this will occur through a staged process. It was concluded that the incumbent’s reluctance to let go of the business, poor communication between business members and lack of planning for succession were factors resisting succession. Despite these there was shared agreement who will be the successor and some limited evidence that changes were beginning to occur.en
dc.language.isoenen
dc.publisherUniversity of Chesteren
dc.subjectbusiness modelen
dc.subjectchange managementen
dc.subjectfamily businessen
dc.titleThe suitability of the business model currently used in the family business, Hedge Farm, for the transition of the business between generationsen
dc.typeThesis or dissertationen
dc.type.qualificationnameMBAen
dc.type.qualificationlevelMasters Degreeen
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