Succession Planning in Family SMEs in Saudi Arabia: A Descriptive Study

Alrubaishi, Dalal

doi:10.1007/978-3-319-57630-5_12

Cited by 4 publications

(2 citation statements)

References 49 publications

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“…Family business owners had different motivations for engaging in SP (family harmony and business continuity) (Gilding et al, 2013;Grable et al, 2015;Okoro, Iheanachor, 2020). However, most of these businesses did not have formal or written succession plans (Seaman et al, 2013;Jain, Jain, 2014;Alrubaishi, 2017). Due to this deficiency, a vast majority of family businesses do not even reach the second generation of continuity; only about 10% get to the third generation (Giuliani, 2016;Vincent, 2017;Umans et al, 2020).…”

Section: Theme 1: Assessing the Level Of Sp In Different Contextsmentioning

confidence: 99%

Succession Planning as a Critical Management Imperative: a Systematic Review

Obianuju¹,

Ibrahim²,

Zubairu³

2021

mmr

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This paper conducted a systematic review of succession planning (SP) articles published over the last decade. The Systematic Quantitative Assessment Technique was used to identify 174 SP articles. The review covered five key issues: 1) Time distribution, 2) Geographic distribution, 3) Article type, 4) Data collection methods, and 5) Themes explored. The findings revealed that interest in SP fluctuated over the last decade, and that South America and Oceania were the least represented by SP scholarship. The spread between conceptual and empirical SP articles were skewed towards the former, and survey was the most popular data collection method. Five themes were identified, with the most striking finding being that that if the ‘going concern’ principle of organizations is to be achieved, management must make deliberate efforts to formalize the SP process with the clear understanding that it is a continuous, transparent and participatory process, and thus a crucial management imperative.

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Section: Theme 1: Assessing the Level Of Sp In Different Contextsmentioning

confidence: 99%

Succession Planning as a Critical Management Imperative: a Systematic Review

Obianuju¹,

Ibrahim²,

Zubairu³

2021

mmr

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“…When they do, it only pertains to internal operations with little connection to the realities of the operating environment. The alarming lack of succession planning in Saudi SMEs (the majority of which are sole proprietorships) was also noted by Alrubaishi (2017), placing the likelihood of their long-term survival and viability at high risk. Saudi SMEs face several issues, including a lack of strategic planning and difficulties conducting business, particularly those owned and managed by non-Saudis.…”

Section: Introductionmentioning

confidence: 99%

The Relationship between Strategic Planning, Strategic Flexibility and Firm Performance in SMES of Saudi Arabia: Mediating Role of Strategic Flexibility

Alzahrani¹,

Suleiman²,

Jouda³

2023

IJAREMS

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The small and medium enterprises (SMEs) sector plays a significant role in any economy, particularly in a competitive global business environment. However, the SMEs sector could achieve its targets only if it embraced proven strategic management practices. Therefore, this study investigates the mediating role of strategic flexibility on the relationship between strategic planning and firm performance within the context of SMEs in Saudi Arabia. The resource-based view and contingency theories support the study's framework and conclusions. A cross-sectional survey was used to collect the primary data from a sample of 400 owners and managers of medium-sized enterprises in Saudi Arabia. Hypotheses were tested using the Structural Equation Modeling (SEM) method. The study tested the correlation and mediation analysis using PLS-SEM. The study found a significant relationship between strategic planning and firm performance. Also, there is a relationship between strategic planning and strategic flexibility. The association between strategic flexibility and firm performance is also significant for medium enterprises in Saudi Arabia. The results also revealed that strategic flexibility mediates the relationship between strategic planning and firm performance. The study's finding contributes to the planning-

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Family Business in Saudi Arabia

Aloulou

Alshaeel²

2022

Contributions to Management Science

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Succession Planning in Family SMEs in Saudi Arabia: A Descriptive Study

Cited by 4 publications

References 49 publications

Succession Planning as a Critical Management Imperative: a Systematic Review

Succession Planning as a Critical Management Imperative: a Systematic Review

The Relationship between Strategic Planning, Strategic Flexibility and Firm Performance in SMES of Saudi Arabia: Mediating Role of Strategic Flexibility

Family Business in Saudi Arabia

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