Sustainability Aspects of Generational Change in the Leadership of Small and Medium Enterprises in Hungary

Tenth International Scientific-Business Conference LIMEN Leadership, Innovation, Management and Economics: Integrated Politics of Research

Katalin DiΓ³ssi ORCID

Roland Seese - University of Sopron, Alexandre Lamfalussy Faculty of Economics, Sopron, Bajcsy-Zsilinszky u. 4, 9400 Hungary ORCID

Keywords:

DOI:

10.31410/LIMEN.2024.17

Abstract:

Generational change in small and medium-sized enterprises (SMEs) is an influential moment that carries great implications for sustainability. This study explores the sustainability dimensions of generational transitions within Hungarian SMEs, focusing on the challenges and opportunities of this process. Drawing on qualitative interviews with family business owners and their successors, the research highlights the integration of sustainable business practices as a critical factor during ownership and leadership handovers. Findings reveal that while many SMEs face risks such as loss of institutional knowledge, generational change also presents opportunities to develop sustainable practices. The study emphasizes the importance of strategic succession planning and fostering intergenerational collaboration to meet environmental, social and governance (ESG) goals.

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Tenth International Scientific-Business Conference LIMEN Leadership, Innovation, Management and Economics: Integrated Politics of Research - LIMEN 2024 - International Scientific-Business Conference – LIMEN 2024: Vol 10. Conference Proceedings , December 5, 2024

Conference Proceedings published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia

ISBN: 9788680194929 , ISSN: 26836149 , DOI: 10.31410/LIMEN.2024

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission.

Suggested Citation

DiΓ³ssi, K., & Seese, R. (2025). Sustainability Aspects of Generational Change in the Leadership of Small and Medium Enterprises in Hungary. International Scientific-Business Conference – LIMEN 2024: Vol 10. Conference Proceedings (pp. 17-21). Association of Economists and Managers of the Balkans, Belgrade, Serbia. https://doi.org/10.31410/LIMEN.2024.17

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