Open AccessRELEVANCE OF BUSINESS TRANSFERS AS A FUNDAMENTAL PILLAR OF RESILIENT ECONOMIES AND OUTLINE OF CURRENT DEVELOPMENT BASED ON A RECENT SURVEY
Author(s) -
Max Hogeforster,
Svea Horn
Publication year - 2021
Publication title -
contemporary issues in business, management and economics engineering
Language(s) - English
Resource type - Conference proceedings
ISSN - 2538-8711
DOI - 10.3846/cibmee.2021.633
Subject(s) - relevance (law) , desk , originality , interdependence , process (computing) , value (mathematics) , pillar , business case , process management , computer science , knowledge management , management science , business , marketing , economics , engineering , political science , sociology , qualitative research , social science , structural engineering , machine learning , law , operating system
Purpose – the article shows the current state of the literature regarding business transfers presents the findings of a survey based on it, that can support the transfer process in the future.Research methodology – the article is based on three research methods: (a) desk research, (b) surveys and (c) economic analysis. The three methods are highly interdependent.Findings – the authors conclude that according to literature a lack of appropriate support and services for businesses going through a transfer exist. The survey highlights the challenges and demands that differ quite strongly between old and new member states.Research limitations – the number from the 283 participants who stated that they had already been involved in business transfers is above average and cannot be extrapolated to all companies.Practical implications – the practical implications of the study are highly relevant for decision-makers who want to create a structured approach to a sustainable support for business transfers in their countries.Originality/Value – the article is of high practical relevance. With regards to the evaluation of existing literature, there is a lack of current overviews like this one. The results of the current survey are of particularly importance for the practice of business transfers and their intensive support.