The Influence of Successor-Related Factors on the Succession Process in Small and Medium-Sized Family Businesses

2005 ◽  
Vol 18 (4) ◽  
pp. 283-303 ◽  
Author(s):  
E. Venter ◽  
C. Boshoff ◽  
G. Maas

In this study, successor-related factors that can influence the succession process in small and medium-sized family businesses are empirically investigated. This study was undertaken in South Africa among 2,458 owner-managers and successors in 1,038 family businesses. These respondents were identified via a snowball-sampling technique. A total of 332 usable questionnaires were returned. The dependent variable in this study, namely, the perceived success of the succession process, is measured by two underlying dimensions: satisfaction with the process and continued profitability of the business. The empirical results indicate that the successor-related factors that influence satisfaction with the process are, on the one hand, the willingness of the successor to take over and the relationship between the owner-manager and successor, on the other hand. The continued profitability of the business is influenced by the willingness of the successor to take over the business, the preparation level of the successor, and the relationship between the successor and owner-manager. The relationship between the owner-manager and successor is in turn influenced by the extent to which interpersonal relationships in the family can be described as harmonious. Based on these findings recommendations for successful succession are offered.

Author(s):  
E. Venter ◽  
C. Boshoff ◽  
G. Maas

In this study, owner-manager-related factors that can influence the succession process in small and medium-sized family businesses are empirically investigated. The study was conducted among 2,458 owner-managers and successors in 1,038 family businesses identified via a snowball sampling technique. A total of 332 usable questionnaires was returned. The dependent variable in this study, namely the ‘perceived success of the succession process’, is measured by two underlying dimensions, namely the ‘satisfaction with the process’ and ‘continued profitability of the business’. The empirical results indicate that the owner-manager-related factors that influence ‘satisfaction with the process’ are the ‘relationship between the owner-manager and successor’, the ‘owner-manager's trust in the successor's abilities and intentions’ and ‘family harmony’. The ‘continued profitability of the business’ is influenced by the ‘relationship between the successor and owner-manager’ and the ‘trust that the owner-manager has in his or her successor's abilities and intentions’. The willingness of the owner-manager to hand over the business is in turn influenced by the extent to which he or she has ‘interests outside of the context of the family business’ and has ‘trust in the successor's abilities and intentions’. The extent to which there is ‘harmony among the family members’ will influence the ‘relationship between the owner-manager and successor’. Based on these findings, recommendations for successful successions are offered.


2014 ◽  
Vol 9 (1) ◽  
pp. 17-32 ◽  
Author(s):  
E Venter ◽  
C Boshoff

In this study family-related factors that can influence the succession process in small and medium-sized family businesses are empirically investigated.  The dependent variable in this study is measured by two underlying dimensions, namely satisfaction with the process and continued profitability of the business.  The empirical results indicate that the family-related factors that influence both the aforementioned dimensions are the mutual acceptance of roles, the relationship between the owner-manager and successor, and family harmony.  The continued profitability of the business is also influenced by the agreement to continue the business. The existence of family harmony in itself influences the relationship between the owner-manager and successor, the agreement to continue the business, as well as the mutual acceptance of roles.  The managerial implications of these empirical findings are discussed and recommendations offered.


2016 ◽  
Vol 10 (1) ◽  
Author(s):  
Dimitris Kiritsis

The aim of the study is twofold. On the one hand it concerns the measurement and the examination of the subjects’ self-concept and on the other the detection and justification of the role of family in its configuration. The study analyzed the data collected from the answers to a research questionnaire of 1344 15-and 16-year-old school students in the Prefecture of Thessaloniki, Greece) with the use of a stratified random sampling technique. The first important finding concerned the high degree of the general self-concept of the adolescents. Among the seven specific sectors of the general self-concept a major variation was noted, with the higher average to be traced in the relationship that the students have configured with their peers and the lower one in the valuation of their academic competence. The second important finding was the ascertainment of the essential contribution of the family.


2017 ◽  
Vol 36 (3) ◽  
pp. 330-347 ◽  
Author(s):  
Mozhdeh Mokhber ◽  
Tan Gi Gi ◽  
Siti Zaleha Abdul Rasid ◽  
Amin Vakilbashi ◽  
Noraiza Mohd Zamil ◽  
...  

Purpose The purpose of this paper is to examine the impact of preparation level of heirs and the relationship between family and business members on the performance of family business in small- and medium-sized enterprises (SMEs) in Malaysia. Design/methodology/approach A quantitative research design involving the use of a survey questionnaire was implemented to investigate the influences of succession planning factors on the performance of family business in SMEs. The survey was conducted on 50 family business successors in Malaysian SMEs. Findings The result showed that the two studied factors – preparation level of heirs and the relationship between family and business members – have a positive impact on the performance of family business. Research limitations/implications The research concentrated on the performance of family business in SMEs in Malaysia’s southern region. The generalization therefore must be made very cautiously to the overall Malaysian SMEs. Practical implications The findings help family businesses to better understand the importance of the preparation level of heirs and the relationship between family and business members on business performance. This study shows the importance of key factors influencing succession planning so that the successor to the family business can bring the family firm to the next stage of success. Originality/value This study serves as a reference or guide for the management of family businesses to better understand the important factors for effective succession planning. It considers the best possible preparation and family-related factors affecting the end results of business, particularly in Malaysian SMEs.


2020 ◽  
pp. 42-50
Author(s):  
Aygul Fazlyeva ◽  
Aliya Akhmetshina

Children, brought up in foster families, experience various problems (diffi culties in interpersonal relationships with parents, diffi culties in communicating with peers, emotional instability), which lead to confl icts, quarrels, running away from home, destructive phenomena, etc. One of the eff ective forms of working with children brought up in foster families is individual counselling. Individual counselling is used by various specialists (psychologists, educators, psychotherapists), where a special place is taken by a social educator. His or her activity involves the implementation of social-protective, preventive, educational, informational, advisory functions. In the process of organizing individual counseling, the social educator takes into account the social situation of the family and the child, personal characteristics, social conditions, social and cultural characteristics and the nature of the relationship with the social environment. To organize individual counseling, a social educator needs to master various and eff ective techniques, and take into account a number of recommendations. An analysis of the literature and practical socio-pedagogical experience led to an understanding of the insuffi cient degree of elaboration of this issue. The purpose of this article was the solution to this problem.


2020 ◽  
Vol 4 (4) ◽  
pp. 314
Author(s):  
Ida Rochanawati ◽  
Agusti Efi

Many of Bunda's Tourism Diploma graduates are still unemployed because some are less interested in becoming self-employed. It because students are not motivated to become entrepreneurs, and the family environment is not yet supported. This study aimed to measure: the relationship between entrepreneurial learning outcomes, entrepreneurial motivation, and family environment with interest in entrepreneurship. This type of research is descriptive correlational. This research population is all students of the Hospitality study program of the Bunda Padang Tourism Academy, batch 2017 and 2018, totaling 61 students. The sample in this study were 61 students using the total sampling technique. The data collection instrument used a questionnaire using a Likert scale and data analysis methods, including simple correlation and multiple correlations. Research is expected to increase students' entrepreneurial knowledge through attitudes, knowledge, and skills to overcome entrepreneurial tasks' complexity, providing real experiences for students to carry out entrepreneurial practices.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Augusto Dalmoro Costa ◽  
Aurora Carneiro Zen ◽  
Everson dos Santos Spindler

PurposeThe purpose of this paper is to investigate the relationship between family succession, professionalization and internationalization in family businesses within the Brazilian context.Design/methodology/approachThe paper presents a multiple-case study method with three Brazilian family businesses that have at least two generations of the owning family involved in the business and an international presence of at least three years. In-depth interviews and secondary data were undertaken with family and non-family members of each case.FindingsThe authors' results show that a family business can boost its internationalization by introducing both succession planning and professionalization on international activities. As family members tend to be more risk-averse and focused on keeping the family business within the family, professionalization is a way of improving the firm's ability to expand internationally. This process tends to lead to lower performance by the firm for the first few months or the first year after the investment, but afterward, international performance tends to grow exponentially.Originality/valueOnly a few studies have been concerned on the relationship of these three dimensions. Thus, the research takes into account that professionalization and succession lead family businesses to improve their internationalization strategies.


2019 ◽  
Vol 1 (1) ◽  
pp. 1-6
Author(s):  
Margareta H. Nurti ◽  
Engelina Nabuasa ◽  
Helga J. N. Ndun

Diabetes mellitus (DM) is a chronic disease requiring continuous care and sustainable self-management. It also needs adequate family support to prevent acute complications and reduce chronic complications. The purpose of this study was to analyze the relationship between family support with the dietary management of DM patients in the working area of Pasir Panjang Health Center Kupang City Year 2017. The research method was an analytical survey with a cross-sectional approach. The population in this study was all new cases of diabetes collected from January to July 2017 of which a sample of 53 people selected using a random sampling technique. The results showed that the appreciation support p = 0,000 < p = 0,05, instrumental support p = 0,000 < p = 0,05, informational support p = 0,000 < p = 0,05 and emotional support p = 0,000 < p = 0,05 were associated with the dietary rules behavior of the diet of DM patients. Health center needs to involve the family in health promotion programs related to dietary management for DM patients.


Author(s):  
Farhat Munir ◽  
Aizza Anwar ◽  
Daisy Mui Hung Kee

The COVID-19 pandemic has forced millions of students to stay indoors and adapt to the new normal, namely distance learning at home, placing online learning in the spotlight. However, students’ motivation for online learning and its effectiveness in skill development during the COVID-19 pandemic has not been widely studied. This study examined the relationship between students’ fear of COVID-19 and students’ social presence in online learning while investigating the parallel mediating role of student psychological motivation and cognitive problem-solving skills related to online learning. The participants were 472 university students in Malaysia and Pakistan. An online data collection technique using Google Forms was employed. Faculty members of the universities were asked to share the survey with their students. Moreover, using a snowball sampling technique, students were requested to share the survey with their friends. SPSS Statistics (Version 21)  was employed to do preliminary data analysis, AMOS (Version 21) software was used to conduct confirmatory factor analysis using a maximum likelihood estimation, and Hayes’ PROCESS model was used to examine proposed hypotheses. The results show that only cognitive problem solving mediates the relationship between fear of COVID-19 and students’ social presence in online learning in Malaysian samples. In Pakistan, cognitive problem solving and psychological motivation mediate the relationship between fear of COVID-19 and students’ social presence in online learning. The study found that developing cognitive problem-solving skills and providing psychological motivation could enhance their engagement with online learning.


2017 ◽  
Vol 30 (6) ◽  
pp. 957-977 ◽  
Author(s):  
Moses Mpiima Kibirango ◽  
John C. Munene ◽  
Waswa J. Balunywa ◽  
Jovent K. Obbo

Purpose The purpose of this paper is to examine, explain, predict and guide the processes, mechanisms and outcomes of intrapreneurial behaviour to provide evidence that novelty ecosystems mediate the relationships between generative influence, positive deviance and intrapreneurial behaviour. It also enlightens the capacity of replicating the intrapreneurial best practices. Design/methodology/approach The study uses an integrated approach of entrepreneurship and complexity theories. Its subjects were full-time designated university employees in the Republic of Kenya. A total number of 244 employees were selected using snowball sampling technique from ten public and private universities in the Kenya. A self-administered questionnaire was used to collect data. Findings The structural equation modelling path analysis and the bootstrapping results confirmed full mediation of novelty ecosystems in the relationship between generative influence and intrapreneurial behaviour. The findings, further, verified that novelty ecosystems partially mediate the relationship between positive deviance and intrapreneurial behaviour. Research limitations/implications Subjective appraisals were used, despite the fact that studied variables are ultimately based on what employees perceive. Future research should generate and include more objective measures. Practical implications Intrapreneurial behaviour can only be explained and predicted through novelty ecosystems. University leaders need to fully understand and facilitate novelty ecosystems. Social implications A deeper understanding of the power of generative influence, positive deviance and novelty ecosystems will not be fully realized until researchers devote as much energy and attention to facilitation as has been devoted to conflict. Originality/value This study extends existing intrapreneurial research into complexity approach.


Sign in / Sign up

Export Citation Format

Share Document