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Succession has been recognized as one of the major problems of family businesses and, for this reason, has become one of the most researched topics in the family business research field [2, 48, 50]. Family businesses represent an important share in the structure of all firms. According to research findings, more than 70% of all firms worldwide [45] are family ones, most of them being micro, small or medium-sized firms (SMEs). According to some research results, such as [20, 32], between 40% and 80% of Slovenian businesses are family SMEs, with the majority owned by the first generation of the family [17]. Recently, the discussion in Slovenia has focused on the problem of transferring family firms to the next generation. Family SMEs established in the 1990s are approaching the critical phase of transferring firms to the next generation. Owners/managers of these firms, mostly founders, have practically no experience in managing the succession process due to the lack of a succession tradition in Slovenia. As Slovenia is one of the innovation followers with a below average performance, the enhance‐ ment of innovativeness and entrepreneurial orientation of successors and their firms is of crucial importance for the future of Slovenia as an innovative society.

Educating Succeeding Generation Entrepreneurs in Family Businesses – The Case of Slovenia