scholarly journals Family Business Succession in Different National Contexts: A Fuzzy-Set QCA Approach

2019 ◽  
Vol 11 (22) ◽  
pp. 6309 ◽  
Author(s):  
José António Porfírio ◽  
Tiago Carrilho ◽  
Joseph Hassid ◽  
Ricardo Rodrigues
Keyword(s):  
Family Business ◽  
Fuzzy Set ◽  
Qualitative Comparative Analysis ◽  
Family Businesses ◽  
Expectation States ◽  
Succession Plan ◽  
Limited Applicability ◽  
Expectation States Theory ◽  
Business Succession ◽  
Family Business Succession

Family business succession is a key topic that has attracted considerable attention from researchers, especially in the last decade. Most research, however, is based on case studies with limited applicability and fails to present comparisons across international contexts that highlight differences in succession processes. We apply expectation states theory to analyze a sample of 128 observations in two Southern European countries, Portugal and Greece. We study configurations of successors’ characteristics, family business characteristics, the existence (or absence) of a succession plan, and successors’ motivation to succeed. Our aim is to reveal how these issues affect successors’ perceptions of preparation for succession using fuzzy-set qualitative comparative analysis (fsQCA). Family businesses are a dominant organizational form all over the world, and succession issues are critical for the sustainability of family businesses. Our findings suggest that different configurations of conditions influence successors’ perceptions of preparation for family business succession. Moreover, we verify the influence of cultural differences on these processes. This research helps fill a gap in the literature, showing the role of a set of characteristics in successors’ perceptions of preparation for family business succession. Our conclusions provide insight into the types of policies that can promote successful family business succession.

scholarly journals Sex and Gender in Family Business Succession Research: A Review and Forward Agenda From a Social Construction Perspective

2017 ◽  
Vol 30 (3) ◽  
pp. 219-241 ◽  
Author(s):  
Teresa Nelson ◽  
Christina Constantinidis
Keyword(s):  
Family Business ◽  
Sex And Gender ◽  
Expectation States ◽  
Socially Constructed ◽  
Expectation States Theory ◽  
Points Of View ◽  
And Gender ◽  
Business Succession ◽  
Family Business Succession ◽  
Gender Lens

This article focuses on how family business succession research has engaged and may be further enriched by application of a gender lens as socially constructed. We analyze the succession literature developing a gender terms vocabulary and five themes of historical engagement. Finding a lack of theoretical grounding, we apply the construct of gender, through expectation states theory, revising the Sharma and Irving model of successor commitment to examine how a socially constructed view of gender shifts and opens up points of view. We then present a forward looking agenda to motivate future scholarship.

Cultural values and their implications to family business succession

2019 ◽  
Vol 10 (4) ◽  
pp. 281-292 ◽  
Author(s):  
Grisna Anggadwita ◽  
Werda Bagus Profityo ◽  
Dini Turipanam Alamanda ◽  
Anggraeni Permatasari
Keyword(s):  
Cultural Values ◽  
Family Business ◽  
Family Businesses ◽  
Chinese Family ◽  
Content Type ◽  
The Family ◽  
Succession Process ◽  
Business Succession ◽  
Family Business Succession ◽  
Practical Implications

Purpose The family business is one of the business entities that contribute to the economy of a country. Succession in the family business occupies a strategic position, especially in maintaining the company’s sustainability. The Chinese family business has unique characteristics in maintaining and growing its business with the cultural values that underlie how their business. The purpose of this paper is to discuss the cultural values of Chinese ethnic and their implications in the succession process in small family businesses in Bandung, Indonesia. Design/methodology/approach This research uses a qualitative method with the in-depth interview method as a data collection technique. The sampling technique uses purposive sampling, while to test the validity of research data using a triangulation technique. A total of four small Chinese-owned family businesses participated as informants in this study. The study will identify the stage of succession process in the Chinese family business. Findings There are several stages identified in the succession planning of small Chinese-owned family business in Bandung which include succession antecedents, succession activities and desired outcomes. The results showed that small Chinese-owned family business in Bandung has not applied the rules and procedures in the succession process. Most of the Chinese family business in this research still holds Confucianism culture; they prioritize boys as business successors, who have a greater responsibility rather than successor with other gender. Practical implications Several implications are discussed. One of them is the Chinese family business holding cultural values in the process of family business succession. Originality/value This research is expected to provide theoretical and practical implications for academics and family companies with similar cases.

Succession in the Family Business: Challenges for Successors from an Entrepreneurial Perspective

2014 ◽  
Vol 15 (4) ◽  
pp. 279-284 ◽  
Author(s):  
Daniela Weismeier-Sammer ◽  
Isabella R. Hatak
Keyword(s):  
Family Business ◽  
Family Businesses ◽  
Teaching Case ◽  
The Family ◽  
Succession Process ◽  
Business Succession ◽  
Business Challenges ◽  
Family Business Succession

Kronmann Wholesale and Retail is an outstanding family business with more than 300 years of history. This teaching case tells the story of two cousins who follow their fathers into a business full of tradition. The case gives students the opportunity to gain insights into the complex succession process of family businesses, as well as the challenges with which successors are confronted in the course of family business succession.

Game Theory and Family Business Succession

2012 ◽  
Vol 26 (1) ◽  
pp. 51-67 ◽  
Author(s):  
Tim Blumentritt ◽  
Timothy Mathews ◽  
Gaia Marchisio
Keyword(s):  
Game Theory ◽  
Family Business ◽  
Family Businesses ◽  
Business Succession ◽  
Succession Events ◽  
Family Business Succession ◽  
Primary Contribution

One of the most significant challenges to enduring family businesses is the process of passing the leadership of a firm from one generation to another. This article introduces game theory as a model for examining succession as a set of rational but interdependent choices made by individuals about a firm’s leadership. Its primary contribution is demonstrating the application of game theory to understanding the decisions and outcomes of succession events.

Family Business Succession: Founders from Disadvantaged Communities in South Africa

2011 ◽  
Vol 25 (4) ◽  
pp. 277-287
Author(s):  
Eslyn B.H. Isaacs ◽  
Christian Friedrich
Keyword(s):  
South Africa ◽  
South African ◽  
Family Business ◽  
Developed Countries ◽  
Family Businesses ◽  
Disadvantaged Communities ◽  
Succession Plan ◽  
Business Failures ◽  
Business Succession ◽  
Stability And Resilience

It is estimated that 50–70% of all South African businesses are family-owned and that these businesses form the backbone of the South African economy, their qualities providing stability and resilience in the changing society of the nation. Succession is one of the biggest challenges for family business owners. Research shows that only 33% of all family businesses progress from the first to the second generation and only 16% progress to the third generation. This is because in many small and medium-sized family businesses there is no formal succession plan and no appropriate governance structures are in place. Matters may also be complicated by destructive conflicts, with more than one family member believing that he or she is best equipped to take over as leader. In most developed countries family business research is receiving the same attention as, for example, entrepreneurship, but in South Africa neither topic has yet come of age. Of the 23 registered universities and technical universities in South Africa, only one offers a full semester-based module on family business, while four of the other institutions offer around two credit modules, of which succession is a small part. It is clear from the investigation reported here that unless the topic of succession receives more attention unclear succession plans, incompetence and/or lack of preparedness of successors and family rivalries will continue to result in unsuccessful successions and business failures.

scholarly journals Family Business Transgenerational Continuity in Transition Economies: Towards a Conceptual Model

2013 ◽  
Vol 4 (2) ◽  
pp. 150-167
Author(s):  
Olga Štangej ◽  
Vida Škudienė
Keyword(s):  
Soviet Union ◽  
Conceptual Model ◽  
Transition Economies ◽  
Family Business ◽  
Former Soviet Union ◽  
Outcome Measurement ◽  
Family Businesses ◽  
And Performance ◽  
Business Succession ◽  
Family Business Succession

Within classification of emerging economies, Lithuania as part of the former Soviet Union belongs to the group of transition economies. In this paper, we discuss how theorizing leadership succession may contribute to the key strategic questions of succession arising among family businesses in transition economies. The purpose of this study is to revisit the phenomenon of family business succession and linkages among the goals of succession and performance measures of family business. Our study aims at providing three contributions to the current literature. First, it highlights the role of transgenerational continuity of family businesses in transition economies. Second, it revisits the concept of succession through identification of the third – leadership – dimension alongside management and succession. Third, it provides a conceptual model of family business succession outcome measurement and implications for further research.

scholarly journals The Determinants of a Successful Family Business Succession in Indonesia: A Multiple Case Study

2018 ◽  
Vol 1 (2) ◽  
pp. 87
Author(s):  
Suresh Kumar ◽  
Qireina Prameswari
Keyword(s):  
Family Business ◽  
Significant Proportion ◽  
Family Businesses ◽  
Related Factors ◽  
Business Context ◽  
Multiple Case ◽  
Business Succession ◽  
Relationship Of ◽  
Family Business Succession

<p>Family businesses play an important role in both developed and developing countries. They employ a majority of workforce establishing the newest jobs and generating a significant proportion of the gross domestic product. About 96% of the 165,000 companies established in Indonesia are family businesses. However, the survival rate of passing through the stage of second generations in family business is very low. This research has been conducted to analyse the determinants of successful family business successions. Qualitative research method was used to study four families. The conclusion from the study was that the determinants of successful family business succession are managing a complex relationship of successors and incumbent related factors, family context, business context, and having a structured agreement system.</p>

scholarly journals Family Business Succession: What’s Motivation Got to Do With It?

2019 ◽  
pp. 089448651989475 ◽  
Author(s):  
Marylène Gagné ◽  
Connor Marwick ◽  
Stéphanie Brun de Pontet ◽  
Carsten Wrosch
Keyword(s):  
Intrinsic Motivation ◽  
Family Business ◽  
Family Businesses ◽  
Global Business ◽  
Local Economies ◽  
Psychological States ◽  
Successful Business ◽  
Business Structures ◽  
Business Succession ◽  
Family Business Succession

Family businesses represent 80% of global business structures, but the low rate of successful transgenerational succession can have drastic implications for employees and local economies. A 12-year longitudinal study of 89 Canadian family businesses revealed that successors’ confidence and perceptions of incumbent support predicted successor intrinsic motivation to take over the business, which in turn predicted whether the business was successfully transferred 12 years later. Incumbent support and intrinsic motivation mediated the relation between incumbent trust in the successor and successful business succession. This study demonstrates the dual importance of incumbent and successor psychological states in determining succession outcomes.

scholarly journals Family business succession in the Mazovia Region in Poland – needs and barriers

2019 ◽  
Vol 50 (1) ◽  
pp. 81-90
Author(s):  
Ludmiła Walaszczyk
Keyword(s):  
Family Business ◽  
Family Businesses ◽  
Business Activity ◽  
Local Authorities ◽  
The Family ◽  
The Future ◽  
Succession Process ◽  
Business Succession ◽  
Family Business Succession

Every year many companies disappear from the market due to the fact that there is no possibility to find the successor, who could take over the business activity. The owners do not wish to transfer their business to the heirs, not even mentioning the external successors. Thanks to the indication of needs and barriers of the family business successions, it will be possible to develop tools and services, which will improve the succession process in family companies and will help to maintain family companies in the future. In the article, the author presents the latest state of knowledge about the needs of and barriers to the succession of family businesses in the Mazovia Region in Poland. The author focuses on the results of unstructured interviews with entrepreneurs from family companies and representatives of local authorities.

scholarly journals BISNIS KELUARGA TANPA “PUTERA MAHKOTA”

2018 ◽  
Vol 11 (1) ◽  
Author(s):  
Andreas Heryjanto
Keyword(s):  
Family Business ◽  
Succession Planning ◽  
Business Owners ◽  
Family Conflicts ◽  
Succession Plan ◽  
The Family ◽  
Family Harmony ◽  
Business Succession ◽  
Fatal Consequence ◽  
Family Business Succession

<p>Business viability is a main goal of family business. However, leaders are usually reluctant to let<br />off their power, even tend to be in charge beyond the age of retirement. The most fatal consequence of<br />reluctancy to hand over the leadership to his successor is the occurrence of "Prince Charles Syndrome".<br />Viability of family business requires a mature succession plan, maintaining family harmony, the<br />responsibility and unity of ownership, and maintaining superior resources. Succession plan becomes a<br />crucial issue in this family business. Succession planning should be a priority, by clarifying who the real<br />"Crowned Prince" appointed to continue the family business. In order for business viability to running<br />well, the second generation as a business successor must be well prepared, i.e. the process of the tacit<br />knowledge transfer, the full involvement of the next generation, and the planned regeneration. It is<br />needed of the willingness and magnanimity of current business owners and leaders to gradually let off<br />business de-facto and de-jure to the "Crowned Prince". With well-prepared succession planning, it will<br />avoid potential prolonged family conflicts.<br />Keywords: Business viability, succession plan, family conflict</p>

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