Nurturing the Next-Generation Family Entrepreneurs in the Business Family

2021 ◽  
pp. 253-264
Author(s):  
Jia Bao ◽  
Saisai Wu ◽  
Jess Chua
Keyword(s):  
Next Generation ◽  
Generation Family ◽  
Business Family

Perceived Parental Care and Next-Generation Family Members’ Succession Intentions: The Sequential-Mediating Role of General Self-Efficacy and Perceived Person-Job Fit

2021 ◽  
pp. 1-39
Author(s):  
Fei Zhu ◽  
Haibo Zhou
Keyword(s):  
Family Business ◽  
Self Efficacy ◽  
Parental Behavior ◽  
Family Members ◽  
Next Generation ◽  
Job Fit ◽  
Generation Family ◽  
Business Succession ◽  
General Self Efficacy ◽  
Family Business Succession

ABSTRACT Whereas the existing literature on the relationship between parental behavior and family business succession mainly focuses on parental behavior in the business domain, we highlight the importance of parental behavior in the family domain. Integrating attachment theory, the family business succession literature, and person-job fit literature, our study proposes a theoretical framework hypothesizing that general self-efficacy and perceived person-job fit mediate the association between perceived parental care (an underrepresented family-domain-specific parental behavior) and next-generation family members’ succession intentions. This framework is tested by data from two surveys and further verified by qualitative interviews of next-generation family members. Multivariate analysis results suggest that next-generation family members’ general self-efficacy and perceived person-job fit played a sequential-mediating role in the relationship between perceived parental care and next-generation family members’ succession intentions. Our interviews not only confirm these results but also reveal new insights, particularly into the specific Chinese context in the study of family business succession.

Effects of parental entrepreneurial performance on the mode of entrepreneurial entry by the next-generation family members: evidence from an emerging economy

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Sarah Watiri Muigai ◽  
Edward Mungai ◽  
S. Ramakrishna Velamuri
Keyword(s):  
Small Business ◽  
Family Business ◽  
Family Members ◽  
Business Owners ◽  
Small Business Owners ◽  
Next Generation ◽  
Content Type ◽  
Entrepreneurial Entry ◽  
Generation Family ◽  
Formal Employment

PurposeThe purpose of the paper is to examine the effects of perceived parental entrepreneurial rewards, or PPERs (i.e. the offspring's perception of the degree of parental success in entrepreneurship), on the corporate venturing (CV) mode of entrepreneurial entry and the interaction effects of family business involvement (FBI) and formal employment on the association between PPER and CV by the next-generation family members.Design/methodology/approachA survey was administered to a sample of 738 small business owners in Kenya; of which, 440 small business owners were selected because they grew up in a family business context. A probit model was used to examine the main and interaction effects.FindingsPPERs significantly influenced CV. FBI improves the positive relationship whereas formal employment reduces the effects of PPER on CV.Practical implicationsFamilies in business need to improve conversations with their children to include discussions concerning the intrinsic and extrinsic rewards of running a family business, which may shape not only the entrepreneurial entry path of their offspring but also the willingness to establish businesses that may grow and lead to continuity of the family business of origin.Originality/valueThe study investigates the effect of being embedded in a business family in shaping the CV mode of entrepreneurial entry by the next-generation family members who may not, on the one hand, find independent own founding an attractive option and for whom, on the other hand, the succession mode of entry may not be an option.

The Succession Experience of the Next Generation

1992 ◽  
Vol 5 (3) ◽  
pp. 283-307 ◽  
Author(s):  
Wendy C. Handler
Keyword(s):  
Family Members ◽  
Family Firm ◽  
Next Generation ◽  
Generation Family ◽  
The Future ◽  
Biographical Study ◽  
Specific Factors

Literature indicates that succession is critical to the future of a family firm. However, little is known about how the next generation actually experiences the process of succession. An in-depth biographical study of thirty-two next-generation family members indicates specific factors critical to succession. The findings are delineated in a framework that portrays these influences, their relationships, and the effect they have on the succession experience of next-generation family members.

scholarly journals THE FIRST GENERATION'S TACIT KNOWLEDGE TRANSFER

2018 ◽  
Vol 7 (2) ◽  
pp. 95-104
Author(s):  
Teddy Saputra
Keyword(s):  
Qualitative Research ◽  
Knowledge Transfer ◽  
Tacit Knowledge ◽  
First Generation ◽  
Next Generation ◽  
Tacit Knowledge Transfer ◽  
Generation Family

This study aims to see and learn when, how and what are the transfer of tacit knowledge between the senior generation and the next generation of first generation family companies in Surabaya. This is qualitative research. The study found that the transfer of tacit knowledge was planned and initiated by the senior generation. Transfers are carried out by observation, experiencing and reflection methods where unique senior generation knowledge such as trust in certain value values is transferred to the next generation which is then studied by the next generation to become a separate value.

The Origins and Development of Socioemotional Wealth Within Next-Generation Family Members: An Interpretive Grounded Theory Study

2019 ◽  
Vol 32 (4) ◽  
pp. 396-424 ◽  
Author(s):  
Linda Murphy ◽  
Jolien Huybrechts ◽  
Frank Lambrechts
Keyword(s):  
Grounded Theory ◽  
Family Members ◽  
Theory Approach ◽  
Next Generation ◽  
Socioemotional Wealth ◽  
Life Paths ◽  
The Family ◽  
Generation Family ◽  
Key Events ◽  
Grounded Theory Approach

Adopting an interpretive grounded theory approach, we find that key events in the early lives of next-generation family members fuel a sense of belonging and identity, which lies at the heart of their socioemotional wealth. As next-generation family members interact more with the family business, they interpret nonfinancial aspects of the firm as an answer to a larger variety of affective needs, which broadens and strengthens their interactive socioemotional wealth frame of mind. In line with our life course theory lens, we observe how key events that build up socioemotional wealth greatly influence the life paths of next-generation family members.

Factors That Influence the Next Generation's Decision to Take Over the Family Farm

1995 ◽  
Vol 8 (2) ◽  
pp. 99-120 ◽  
Author(s):  
Colette Dumas ◽  
Jean Pierre Dupuis ◽  
Francine Richer ◽  
Louise St.-Cyr
Keyword(s):  
Rapid Change ◽  
Future Research ◽  
Family Farm ◽  
Next Generation ◽  
Family Farms ◽  
Family Farming ◽  
The Family ◽  
Generation Family ◽  
Specific Factors ◽  
Factors Of Influence

The survival of family farms is threatened by rapid change, intense international competition, and a resulting reduction of interest in perpetuating the family farm. What influences the next generation to pursue family farming, in spite of the difficulties? Do these factors differ between men and women? An in-depth, descriptive, and exploratory study of thirty next generation family farm members indicates specific factors critical to their decision to pursue the family farm succession. The findings are depicted in a framework that portrays these factors of influence and the effect they have on the succession decision of the next generation. Implications for practice and future research are also presented.

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