Does the values of the founder/owner and successor in the family business change in the life cycle of the company and in the process of succession?
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Yes, but the rate of change varies according to the characteristics and nature of the family, which can be learned through the exploratory study.
Without a change the business is dissolved. The original owner had its relationships, business strategy, the way how to handle clients, suppliers, employees, and capital. If all of these are in harmony, his business was working properly.
Assuming that the successor is different than the founder was, the important business things cannot be in harmony anymore. So to ensure the necessary level of balance the business has to change. Sometimes it is about faster growing, changes in the strategy or a new company culture (I have seen some shifting business after the founder left). If there are no changes, the second most frequent case that the business is diminishing, going to bankruptcy or sold. The slightest possibility to survive without change. it would mean the successor can and wants to continue the business on the same way, although he is younger, has a different information base, other connections and knowledge. This has very-very low chance, gut number, below 5% of the companies can survive without change after a succession process.
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