THE DEVELOPMENT TENDENCIES OF THE FAMILY-OWN TECHNOLOGY-BASED BUSINESSES IN ROMANIA

The paper is focused on several issues faced by Romanian founders or leaders of the family-own technology-based businesses, in terms of the future of their business. The article objective is represented by the risks that arise with the beginning of the succession process. In addition, the paper highlights the general development trends of family businesses based on technology, tendencies that successors have to take into account, and which can be major barriers to the decision to succeed in managing the business. An important part of the trends are generated by the political factor through inconsistent and unpredictable legislation, as well as by the requirements of a demanding competitive market with difficult to anticipate tendencies. An important part of the article is dedicated to specific problems that technology leaders in Romania have to overcome, issues caused by the political factor by inconsistent and unpredictable legislation, as well as to the requirements of a highly demanding and highly anticipated competitive market. The article is based on the study of specialized articles, as well as on the syntheses of surveys carried out by companies specialized in analyzing the phenomena specific to family businesses. The findings from this article can be useful to young technological entrepreneurs, technical education graduates who want to develop their own startups in the areas of competence, and people who want to develop a technology-based business.