The primary purpose of this unit is to investigate what precisely takes place in a family business and within the family during the transitional period between generations, when one generation or another is obviously in charge of the company, but members of both generations continue to actively participate in the company's day-to-day operations and management.
There is a trend, among professional researchers and consultants who investigate family businesses, to assert that the sooner the family management is moved to objective, professional management that focuses on external, emotionless assessment of policies and managerial decisions, the better. This is because there is a perception that family management is more susceptible to conflicts of interest than other types of management. They claim that taking such a step secures the best business procedures and helps avoid combining them with the personal interests of family members, which can lead to nepotism as well as incorrect decisions regarding the firm.
On the other hand, the vast majority of family businesses are more concerned with issues of family and personal psychology than they are with issues of pure commercial logic. In spite of the challenges and issues that may arise during the process, the majority of firms' original founders and owners have the intention of passing their businesses on to succeeding generations. When this happens, generational transition and company growth frequently occur together.
Your post provides a descriptive overview of the primary purpose of investigating the transitional period in family businesses. It also identifies a trend among professional researchers and consultants who assert that objective, professional management is better than family management due to conflicts of interest. However, it also acknowledges that family businesses are more concerned with family and personal psychology.
The post seems myopic in the sense that it does not provide any real examples or evidence to support the claims made. It is also somewhat normative in that it presents a dichotomy between professional and family management without exploring the nuances of each.
The post is analytical to some extent in that it presents opposing views and arguments, but it does not offer a comprehensive analysis of the issues or provide a synthesis of the arguments.
The post does not add much value beyond a basic overview of the topic, as it does not delve deeper into the issues or provide any new insights.
One area of concern is the lack of real examples, evidence, or credible published, peer-reviewed citations to support the claims made. This detracts from the credibility of the post and leaves readers without any evidence to evaluate the claims made.