THE STAGES OF TRANSFERRING KNOWLEDGE IN SMALL FAMILY BUSINESS SUCCESSIONS

 The present paper seeks to build understanding of family business succession by focusing on knowledge transfer between the older generation and the younger generation. Following the literature on resources, competences and knowledge management, we suggest that the introduction of the second generation in a family business involves the transfer of both explicit and intrinsic knowledge, i.e. tacit knowledge. An interesting question is: what are the routes to acquire these different types of knowledge and what role does single-loop and double-loop learning have in family business succession?