Legitimacy Challenges in Terms of Succession Planning and Internationalization in Family Businesses
Keywords:
Family Business, Succession Planning, Legitimacy Challenges, Expanding Internationally
Abstract
Venture legitimacy refers to the generalised presumption or perception that a business entity's distinct procedures are proper and convenient or desirable within specific socially constructed systems of values and opinions. Entrepreneurial legitimacy is obtained by conforming to distinct normative, cognitive, and structural norms within entrepreneurship and communicating adherence to these norms. This concept has been widely used in entrepreneurship, including family businesses (FBs), which is the focus of this paper.
Published
2022-08-25
Section
Review Article
Copyright (c) 2022 International Journal of Advanced Engineering Research and Applications
![Creative Commons License](http://i.creativecommons.org/l/by-nc-nd/4.0/88x31.png)
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.