A Central Dogma of Family Business Succession from Corporate Gene Perspective

Abstract

The essence of family business succession is that family business genes are replicated between generations and then form organizational capacity via organizational routines. The replication of family business genes occurs in the family context and completes the transfer of genes through the interaction between the parents and offspring. The expression of family business genes consists of two parts, namely transcription and translation. The transcription process is realized through strategic routines, administrative routines and technical routines. The translation process involves the forming of organizational capabilities through organizational routines.