Role Transition

Role Transition in family entrepreneurship refers to the changes in responsibilities and positions that family members experience as they work together in a business. As the business evolves, roles may shift—such as a parent moving from a leadership position to a more advisory role when passing the business to their children. This transition can affect relationships and dynamics within the family, influencing communication and decision-making. Successfully managing these transitions is crucial for maintaining harmony and ensuring the continuity and growth of the family business across generations.