?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.title=Democratic+Management+Succession+in+Balkan+Family+Businesses%3A+Appointment+of+Family+and+nonfamily+Members+in+Leadership+Roles&rft.creator=Markopoulos%2C+Evangelos&rft.creator=Ukperaj%2C+Denis&rft.creator=Vanharanta%2C+Hannu&rft.description=Given+that+the+nomination+of+family+and+nonfamily+members+to+top+senior+positions%0D%0Amay+set+personal+interests+against+corporate+ones%2C+this+may+lead+to+serious+problems%0D%0Ain+the+firm%E2%80%99s+strategic+direction+when+the+two+are+not+compatible.+Consequently%2C+potential+successors+should+be+assessed+across+different+domains+to+determine+who+is%0D%0Athe+best+fit+for+a+leadership+role.+Accordingly%2C+this+paper+introduces+the+Democratic%0D%0AEmployee+Connect+Model+(DECM)%2C+a+step-gated+framework+that+can+provide+a+potential%0D%0Asolution+for+family+businesses+when+planning+for+management+succession.+It+comprises+six+steps%2C+which+will+guide+family-owned+enterprises+during+this+crucial+process.%0D%0AThe+six+steps+of+the+model+align+with+the+Company+Democracy+Model+to+democratically+identify+the+most+suitable+candidate+in+the+succession+process%2C+which+is+often%0D%0Adriven+by+personal+and+family+interests.+The+paper+also+presents+research+limitations%0D%0Athat+can+be+considered+for+future+research.&rft.subject=Family+business%2C+Succession%2C+Entrepreneurship%2C+People%2C+Economy%2C+Society%2C+Governance%2C+Management%2C+Leadership%2C+Balkan%2C+Company+democracy%2C+Organizational+culture&rft.publisher=AHFE+International&rft.date=2022&rft.type=Proceedings+paper&rft.language=eng&rft.source=+++++In%3A++Creativity%2C+Innovation+and+Entrepreneurship.++(pp.+pp.+185-195).++AHFE+International+(2022)+++++&rft.format=text&rft.identifier=https%3A%2F%2Fdiscovery.ucl.ac.uk%2Fid%2Feprint%2F10153329%2F1%2FMarkopoulos_Democratic%2520Management%2520Succession%2520in%2520Balkan%2520Family%2520Businesses-%2520Appointment%2520of%2520Family%2520and%2520Nonfamily%2520Members%2520in%2520Leadership%2520Roles_VoR.pdf&rft.identifier=https%3A%2F%2Fdiscovery.ucl.ac.uk%2Fid%2Feprint%2F10153329%2F&rft.rights=open