Mark Fox is a doctrol student in the department of Managment, Univeristy of Canterbury, christchurch. New Zeland. V. Nilkant and R.T Hamilton are senior lecture and professor respectively in the same department. this paper is directed at those involved with family-owned business, families and busines which will inevitably face the stress of an inter generational transfer. The research lietrature is brought together to reveal the system of relationship through which such sucession must be mananged. suggestions fro improved managmement are offered and the paper concludes with a suggestion for the design of future research.
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