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"Chiefdoms and family firm regimes: Variations on the same anthropological themes?"
Family owned and managed firms exhibit remarkable parallels to pre-industrial chiefdoms because the typical economic environment in which they exist limits them to a size and scale equivalent to that of a chiefdom. Using anthropological research this study inventories all known procedures of accommodating multiple heirs to the paramountcy of pre-industrial chiefdoms. It uses this exhaustive inventory to characterize the succession process in modern family owned and managed firms.
pre-print version of: Rogers, E.D., Carsrud, A.L. & Krueger, N.F. Chiefdoms and family firm regimes: Variations on the same anthropological themes. Family Business Review, 9(1): 15-27.1996.
Possibly the most fun article ever.