Family business succession – not the whole story
Family firms are in fashion. Everyone seems to like them – management thinkers as they…
In recent years, small and medium-sized enterprises (SMEs) have emerged from the periphery in government policy, and institutional as well as academic research, not least because of their acknowledged contribution to modern economies as employers. Indeed, in this context, SMEs are seen to have led the recovery following the 2008 financial crisis. It was around this time that SMEs started to face a different and challenging obstacle: that of attracting top executive talent. The latest survey of financing conditions faced by SMEs, run jointly by the European Commission and the ECB finds that “the second most pressing problem is the availability of skilled staff or experienced managers: the problem is most…