Buch, Englisch, Band V210259, 76 Seiten, Paperback, Format (B × H): 148 mm x 210 mm, Gewicht: 122 g
Reihe: Akademische Schriftenreihe
Buch, Englisch, Band V210259, 76 Seiten, Paperback, Format (B × H): 148 mm x 210 mm, Gewicht: 122 g
Reihe: Akademische Schriftenreihe
ISBN: 978-3-656-38661-2
Verlag: GRIN Verlag
This study draws on a positivist, deductive research paradigm, and the use of quantitative methods and data analysis, to examine how important it is for family business to have successors trained in the particular field they are entering. In so doing, it focuses on the skills, education, knowledge, experience, and commitment of the potential successor. A sample of 15 family business successors and future successors in Saudi Arabia's city of Jeddah was used. Data was collected through use of questionnaires sent to identified incumbents and potential successors and subsequently analyzed through use of quantitative statistical data analysis instruments such as SPSS and presented inform of graphs and tables. It was backed by secondary data from previous research and books.
The findings, showed that indeed, it is critically important to have successors, trained in the field the family business operates in and that successor attributes do affect the eventual performance of the firm, either positively or negatively. In particular, the research identified accounts knowledge and education as one of the asymptotic skills, a successor ought to posses. The paper recommends among others, that proper succession planning be adopted by family businesses while transferring business to the next generation and strongly recommend family businesses owners to evaluate successor attributes such as knowledge, competency, training and performance in preparing for succession.