Paper on family business in the wine industry. The attention is focused on long lasting family wineries in Italy. The paper analyses the family governance models in the wine industry with reference to the oldest firms operating in Tuscany (long lasting wineries). Tuscan wine firms show a strong ability to manage succession over a number of generations. We will endeavour to identify the critical variables in the family governance models of wine companies. We will point out the specific system of succession in the wine industry, which takes on distinctive characteristics compared with the dynamics of other small and medium Tuscan firms. Finally, with reference to two representative family firms, we will underline some specifics in the mechanisms of governance in long lasting Tuscan wineries able to guarantee the continuity of the family model. To do this we use a qualitative approach, realizing interviews with managers and owners of each company. The analysis evidences two principles: 1) The family business doesn‟t seem a transitory element of governance models in wine firms in Tuscany; even in the presence of a renewal of the existing actors; the family model appears to be a permanent structure in the industry, able to adapt to a changing scenario. 2) The Tuscan wine firms seem to have identified efficient mechanisms in managing the generational transition process working with old and new generations, internal managers and external consultants. These first reflections are useful both to those operating in the industry and to researchers, and are worthy of further future study to overcome the following limitations: number of firms analyzed; variables considered; lack of international comparative analysis

Zanni, L., Montezemolo, S., & Devigili, L. (2008). Long lasting wineries: managing family business and succession in Tuscany region. In Proceedings of 4th International Conference of the Academy of Wine Business Research (pp.1-31). Tipografia Senese.

Long lasting wineries: managing family business and succession in Tuscany region

ZANNI, LORENZO;
2008

Abstract

Paper on family business in the wine industry. The attention is focused on long lasting family wineries in Italy. The paper analyses the family governance models in the wine industry with reference to the oldest firms operating in Tuscany (long lasting wineries). Tuscan wine firms show a strong ability to manage succession over a number of generations. We will endeavour to identify the critical variables in the family governance models of wine companies. We will point out the specific system of succession in the wine industry, which takes on distinctive characteristics compared with the dynamics of other small and medium Tuscan firms. Finally, with reference to two representative family firms, we will underline some specifics in the mechanisms of governance in long lasting Tuscan wineries able to guarantee the continuity of the family model. To do this we use a qualitative approach, realizing interviews with managers and owners of each company. The analysis evidences two principles: 1) The family business doesn‟t seem a transitory element of governance models in wine firms in Tuscany; even in the presence of a renewal of the existing actors; the family model appears to be a permanent structure in the industry, able to adapt to a changing scenario. 2) The Tuscan wine firms seem to have identified efficient mechanisms in managing the generational transition process working with old and new generations, internal managers and external consultants. These first reflections are useful both to those operating in the industry and to researchers, and are worthy of further future study to overcome the following limitations: number of firms analyzed; variables considered; lack of international comparative analysis
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11365/24688
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