Crisis and Turnaround in German Medium-Sized Enterprises An Integrat
Thomas Wittig aims at gaining additional insights into the crisis and turnaround process of SMEs, investigating both, the turnaround success and the impact of turnaround on the family role in family firms. Based on a specifically developed integrated conc
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Thomas Wittig
Crisis and Turnaround in German MediumSized Enterprises An Integrated Empirical Study
Familienunternehmen und KMU Edited by A. Hack, Berne A. Calabrò, Witten/Herdecke H. Frank, Vienna F. W. Kellermanns, Charlotte, Vallendar T. Zellweger, St. Gallen
Both Family Firms and Small and Medium Sized Enterprises (SME) feature a number of distinct behaviors and characteristics which could provide them with a competitive advantage in the market but could also lead to certain risks. The scientific series at hand presents research which provides an empirical and theoretical contribution to the investigation on these specific characteristics and their impact on business practice. The overall aim of this series is to advance the development of theory in the areas of family firm and SME management.
Edited by Professor Dr. Andreas Hack University of Berne Professor Dr. Hermann Frank Vienna University of Economics and Business Professor Dr. Thomas Zellweger University of St. Gallen
Professor Dr. Andrea Calabrò University of Witten/Herdecke Professor Franz W. Kellermanns, Ph.D. University of North Carolina, Charlotte WHU – Otto Beisheim School of Management, Vallendar, Germany
Thomas Wittig
Crisis and Turnaround in German MediumSized Enterprises An Integrated Empirical Study Foreword by Prof. Dr. Andreas Hack
Thomas Wittig Witten, Germany Dissertation Witten/Herdecke University, 2016
Familienunternehmen und KMU ISBN 978-3-658-16385-3 ISBN 978-3-658-16386-0 (eBook) DOI 10.1007/978-3-658-16386-0 Library of Congress Control Number: 2016956810 Springer Gabler © Springer Fachmedien Wiesbaden GmbH 2017 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper This Springer Gabler imprint is published by Springer Nature The registered company is Springer Fachmedien Wiesbaden GmbH The registered company address is: Abraham-Lincoln-Str. 46, 65189 Wiesbaden, Germany
Foreword
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Foreword Confucius found errors to be a fruitful ground for experience, for i
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