Family business succession: Analysis of the drivers of success based on entrepreneurship theory

Porfírio, José; Felício, J. Augusto; Carrilho, Tiago

doi:10.1016/j.jbusres.2019.11.054

Cited by 94 publications

(100 citation statements)

References 48 publications

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“…Another reason why people may start an entrepreneurial career is family tradition, when young people as successors take over the management of family businesses. However, even in this case, the motivation of successors may be influenced by the fact that they perceive business as an opportunity and that they have no choice (Porfírio, Felício, & Carrilho, 2019). If the successors lack high levels of psychological ownership of their business, their innovative production also significantly decreases (Rau, Werner, & Schell, 2019).…”

Section: Literature Reviewmentioning

confidence: 99%

The influence of personal characteristics on entrepreneurial intentions: International comparison

Reissová¹,

Šimsová²,

Sonntag³

et al. 2020

EBER

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Section: Literature Reviewmentioning

confidence: 99%

The influence of personal characteristics on entrepreneurial intentions: International comparison

Reissová¹,

Šimsová²,

Sonntag³

et al. 2020

EBER

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“…Within the research results, it can be evinced that on average, people from Ibague that fall back on family support for the development of business initiatives amount to barely 33.7%; while the vast majority do not know what would be the position of their family towards entrepreneurship. This factor is quite clear, since the family plays a fundamental role in the development of entrepreneurs (Nordqvist & Melin, 2010;Basco et al, 2019;Porfírio et al, 2020;Bauweraerts & Colot, 2017), which also implies that it is a major factor, so that entrepreneurs give up on different business projects.…”

Section: Resultsmentioning

confidence: 99%

Culture as an Obstacle for Entrepreneurship

Morales

Aguilar

Morales

2020

Preprint

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This research was aimed to identify the main reasons why entrepreneurs in the city of Ibagué, who structure business ideas and participate in contests and/or calls, do not continue the entrepreneurial process until the creation of their companies. After applying the beforehand validated instrument to more than 100 students from the Universidad de Ibagué and expert advisers from the department of Tolima, made up of universities, entrepreneurs, and public-private institutions, with interests in entrepreneurship; it was possible to recognize that the main reason, why entrepreneurs generate ideas, but not companies, is the cultural factor. The foregoing is based on the fact that Tolima has been a quintessential agricultural department and this situation has contributed greatly to the fact that the entrepreneurial spirit has not been developed in people. Within the research results it was detected that in contrast with other cities of Colombia, like Manizales and Medellín, Ibagué has not been able to consolidate a solid entrepreneurial ecosystem due to the lack of coordination among private, public and academic sectors, and on the other side, the majority of people from Ibagué do not have family support for the development of their initiatives, being fundamental components for the creation of enterprises. Among the recommendations proposed in the study is the construction of an entrepreneurial ecosystem, because it will allow the participation of the Triple Helix by providing opportunities to all entrepreneurs in the region; in addition, it is considered important that educational institutions, both schools and universities, promote the development of entrepreneurial skills and competencies in individuals involving their families.

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“…Konflik yang berkepanjangan juga dapat berdampak pada keberlanjutan bisnis keluarga. Berdasarkan penelitian menurut Porfírio, et al (2020) sekitar 30% bisnis keluarga yang dapat bertahan hingga generasi kedua, kemudian sekitar 15% bisnis keluarga dapat bertahan hingga generasi ketiga dan hanya 3% bisnis keluarga yang dapat bertahan hingga generasi keempat. Sebuah perusahaan keluarga harus memiliki komitmen yang kuat satu sama lainnya, yakni saling terlibat dalam membangun perusahaan keluarga tidak boleh salah satunya mengabaikan.…”

Section: Pendahuluanunclassified

Tingkat Pendidikan Dan Motivasi Kesiapan Suksesor Pada Bisnis Keluarga

Sari¹,

Doriza²,

Zulfa³

2021

JKKP

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Bisnis keluarga merupakan bisnis yang diturunkan pendiri kepada generasi berikutnya. Tetapi tidak banyak bisnis keluarga khususnya di Indonesia yang memikirkan dan merencanakan proses suksesi. Pendidikan dan motivasi pada kesiapan suksesor merupakan bagian proses suksesi yang sangat penting dalam bisnis keluarga. Pendidikan yang tinggi diharapkan agar anak mampu mengembangkan ilmunya dalam berbagai bidang dan memenuhi keinginannya. Dalam bisnis keluarga, jika anak memiliih mengembangkan bisnis keluarga dengan ilmu yang dimiliki serta motivasi dan potensi yang ada padanya maka pendiri akan membimbingnya dengan baik. Penelitian ini bertujuan untuk mengetahui tingkat pendidikan dan motivasi kesiapan suksesor pada bisnis keluarga. Penelitian ini akan dilakukan pada generasi kedua dari pemilik usaha kuliner berasal dari budaya Betawi yang sudah menetap di DKI Jakarta. Penelitian ini menggunakan pendekatan kualitatif dan metode Interpretative Phenomenological Analysis yang pengumpulan datanya dilakukan dengan observasi, wawancara, dan dokumentasi. Hasil penelitian menunjukkan bahwa terdapat satu responden yang menyelesaikan pendidikannya hingga sarjana agar dapat menjadi suksesor dan kedua responden lainnya hanya sampai tingkat SMA untuk menjadi suksesor selain itu ketiga responden memiliki motivasi yang berbeda-beda dalam mempersiapkan diri sebagai suksesor. Maka sebaiknya, sebelum menentukan suksesor pendiri harus menetapkan secara tegas terkait syarat pendidikan dan melihat bagaimana motivasi kesiapan secara matang pada diri suksesor agar bisnis keluarga dapat terus bertahan dan tidak mengalami kegagalan. Abstract A family business is a business that the founders pass on to the next generation. But not many family businesses, especially in Indonesia, think about and plan the succession process. Education and motivation for successor readiness is a very important part of the succession process in a family business. High education is expected so that children can develop their knowledge in various fields and fulfill their desires. In the family business, if the child chooses to develop a family business with the knowledge they have and the motivation and potential that is in him, the founder will guide him well. This study aims to determine the level of education and motivation for successor readiness in the family business. This research will be conducted on the second generation of culinary business owners who come from Betawi culture who have settled in DKI Jakarta. This study used a qualitative approach and the Interpretative Phenomenological Analysis method, where data collection was carried out by observation, interviews, and documentation. The results show that the level of education is not a special requirement in the Betawi family business, although it is believed that the higher the level of education the successor has, the more knowledgeable both theoretically and practically about business are gained. In addition, in the beginning, to become a successor, of course the founder also saw the motivation of the readiness of successors who already know and are directly involved in helping founders manage the family business.

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Family business succession: Analysis of the drivers of success based on entrepreneurship theory

Cited by 94 publications

References 48 publications

The influence of personal characteristics on entrepreneurial intentions: International comparison

The influence of personal characteristics on entrepreneurial intentions: International comparison

Culture as an Obstacle for Entrepreneurship

Tingkat Pendidikan Dan Motivasi Kesiapan Suksesor Pada Bisnis Keluarga

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