IRMA-International.org: Creator of Knowledge
Information Resources Management Association
Advancing the Concepts & Practices of Information Resources Management in Modern Organizations

Strategies for Sustainable Succession Planning in Family Business

Strategies for Sustainable Succession Planning in Family Business
View Sample PDF
Author(s): Lucy Tan-Artichat (IIS, Ramkhamhaeng University, Thailand)and Joseph F. Aiyeku (Salem State University, USA)
Copyright: 2013
Pages: 13
Source title: Small and Medium Enterprises: Concepts, Methodologies, Tools, and Applications
Source Author(s)/Editor(s): Information Resources Management Association (USA)
DOI: 10.4018/978-1-4666-3886-0.ch076

Purchase

View Strategies for Sustainable Succession Planning in Family Business on the publisher's website for pricing and purchasing information.

Abstract

This study investigates the extent of influence of succession planning on Thai FOBs focusing on SMEs, and the attributes/characteristics of the successors to achieve a successful family business. SMEs were identified using Thai government classifications. A total of 449 usable questionnaires were obtained from Thai FOB owners/managers in Bangkok and vicinity. Most of the firms surveyed were small FOBs. The results show that there is a higher degree of success between FOBs that have succession plan and those that do not. The results also revealed five new factors concerning Thai family-owned businesses (SMEs) succession planning. The five factors are shown in this chapter.

Related Content

Ramsés Cabrera-Gala, Sandra Lopes Miranda. © 2026. 34 pages.
Catarina Fernandes, Eduardo Milhões Pinheiro. © 2026. 42 pages.
Mohammadsadegh Omidvar, Iza Gigauri. © 2026. 38 pages.
Olena Chupyr, Gulzira Yestekova, Milen Mitkov, Olha Hetman, Teodora Dimitrova. © 2026. 30 pages.
Iryna Sedikova, Ihor Savenko, Iryna Honcharova, Denys Sedikov, Daria Shalahinova, Hanna Palvashova. © 2026. 30 pages.
Sónia Calado, Cláudia Miranda Veloso. © 2026. 38 pages.
Olena Sushchenko, Alina Danileviča, Georgi Rusenov, Oleksandra Olshanska. © 2026. 32 pages.
Body Bottom