Indonesian family business leaders succession navigation

Sustainability in family business does not only serve economic purpose, it also serves as the glue to keep the family intact. The purpose of this study is to detail how family business leaders navigate intergenerational succession. Assuming Stewardship Theory, both leaders and successors have the sa...

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Main Author:	Salim, Linda
Format:	Thesis
Language:	eng eng eng
Published:	2019
Subjects:	HF5001-6182 Business
Online Access:	https://etd.uum.edu.my/9243/1/s95058_01.pdf https://etd.uum.edu.my/9243/2/s95058_02.pdf https://etd.uum.edu.my/9243/3/s95058_references.docx
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id	my-uum-etd.9243
record_format	uketd_dc
spelling	my-uum-etd.92432022-04-10T06:43:14Z Indonesian family business leaders succession navigation 2019 Salim, Linda Shariff, Mohd. Noor Ahmad Arshad, Darwina Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HF5001-6182 Business Sustainability in family business does not only serve economic purpose, it also serves as the glue to keep the family intact. The purpose of this study is to detail how family business leaders navigate intergenerational succession. Assuming Stewardship Theory, both leaders and successors have the same goal to maintain the family and the business. In the past, family business is thought to be unprofessional and unsustainable until management is professionalized. Recent study, however, revealed that management incompetence does not impact family business sustainability. This study uses multiple case studies with purposive sampling in Indonesia context. Participants are family business leaders with mixed profiles in the middle of succession. All participants manage family businesses above medium enterprise level, according to the Indonesian law, because it is more customary to replicate small and medium businesses, rather than aiming for succession. Findings from this study reveals that attitude toward conflict and benevolence of the participants highly influence their confidence in the succession process, which promotes the completion of succession process and ease of the process. In addition, this study looks into business goal integration into family goals and early grooming, to examine if succession plan is a prerequisite for sustainability. The finding challenges both the synchronization of family and business goals, as well as early grooming, as prerequisites to successful in family business succession. This study then sheds a light on power struggle and fear of uncertainty that influence participants’ confidence in succession process. Findings from this study helps family business stakeholders understand how leaders navigate intergenerational successions on their own terms, while understanding their emotional struggles during transition. Future research direction include further look into how benevolence and paternalism influence sustainability of a family business, as well as the unique family and power dynamic in business-owning families. 2019 Thesis https://etd.uum.edu.my/9243/ https://etd.uum.edu.my/9243/1/s95058_01.pdf text eng public https://etd.uum.edu.my/9243/2/s95058_02.pdf text eng public https://etd.uum.edu.my/9243/3/s95058_references.docx text eng public other doctoral Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng eng
advisor	Shariff, Mohd. Noor Ahmad Arshad, Darwina
topic	HF5001-6182 Business
spellingShingle	HF5001-6182 Business Salim, Linda Indonesian family business leaders succession navigation
description	Sustainability in family business does not only serve economic purpose, it also serves as the glue to keep the family intact. The purpose of this study is to detail how family business leaders navigate intergenerational succession. Assuming Stewardship Theory, both leaders and successors have the same goal to maintain the family and the business. In the past, family business is thought to be unprofessional and unsustainable until management is professionalized. Recent study, however, revealed that management incompetence does not impact family business sustainability. This study uses multiple case studies with purposive sampling in Indonesia context. Participants are family business leaders with mixed profiles in the middle of succession. All participants manage family businesses above medium enterprise level, according to the Indonesian law, because it is more customary to replicate small and medium businesses, rather than aiming for succession. Findings from this study reveals that attitude toward conflict and benevolence of the participants highly influence their confidence in the succession process, which promotes the completion of succession process and ease of the process. In addition, this study looks into business goal integration into family goals and early grooming, to examine if succession plan is a prerequisite for sustainability. The finding challenges both the synchronization of family and business goals, as well as early grooming, as prerequisites to successful in family business succession. This study then sheds a light on power struggle and fear of uncertainty that influence participants’ confidence in succession process. Findings from this study helps family business stakeholders understand how leaders navigate intergenerational successions on their own terms, while understanding their emotional struggles during transition. Future research direction include further look into how benevolence and paternalism influence sustainability of a family business, as well as the unique family and power dynamic in business-owning families.
format	Thesis
qualification_name	other
qualification_level	Doctorate
author	Salim, Linda
author_facet	Salim, Linda
author_sort	Salim, Linda
title	Indonesian family business leaders succession navigation
title_short	Indonesian family business leaders succession navigation
title_full	Indonesian family business leaders succession navigation
title_fullStr	Indonesian family business leaders succession navigation
title_full_unstemmed	Indonesian family business leaders succession navigation
title_sort	indonesian family business leaders succession navigation
granting_institution	Universiti Utara Malaysia
granting_department	Othman Yeop Abdullah Graduate School of Business
publishDate	2019
url	https://etd.uum.edu.my/9243/1/s95058_01.pdf https://etd.uum.edu.my/9243/2/s95058_02.pdf https://etd.uum.edu.my/9243/3/s95058_references.docx
_version_	1747828554964402176

Indonesian family business leaders succession navigation

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