Psychological model of the successor of the family business based on cognitive process simulation

Nowadays, the economy of our society is in a period of transition, and there are many family businesses that also face the problem of successors' handover; moreover, whether the succession process is carried out smoothly will affect the success of the future development of the family business....

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Bibliographic Details
Published in:Cognitive systems research 2019-12, Vol.58, p.114-122
Main Authors: Shao, Jishu, Tang, Xuelian
Format: Article
Language:English
Subjects:
Cognitive science
Family business
Successor
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Summary:Nowadays, the economy of our society is in a period of transition, and there are many family businesses that also face the problem of successors' handover; moreover, whether the succession process is carried out smoothly will affect the success of the future development of the family business. In the real society, the wrong selection of the next successor in the family business and the failure of the successor in receiving enough preparations all can lead to the final collapse of the family business, which is common. This is no reason for people to think seriously about the successors. In this paper, based on the related theory of cognitive science, the psychological model of the successor of the family business and its influence on the internationalization of family business were studied and analyzed.
ISSN:1389-0417
1389-0417
DOI:10.1016/j.cogsys.2019.03.005