The IRMA Community
Newsletters
Research IRM
Click a keyword to search titles using our InfoSci-OnDemand powered search:
|
Succession Planning in Family-Owned Business Evidence From an Emerging Economy
Abstract
Family-owned businesses (FOBs) play an important role in the economy of a country through the creation of jobs. However, most FOBs lack strategies regarding succession planning in both developed and developing economies. This study explores the strategies that are used by FOBs to prepare future leaders. Drawing on qualitative research design, this study employed a multiple case study approach and selected 13 cases by employing a purposive sampling technique from the FOBs of Pakistan. Semi-structured interviews were conducted with the successors of FOBs. The findings reveal that succession planning is pivotal for the development of business and the successful transition of FOB from one generation to another. Most of the respondents fully understand the importance of succession planning for the sustainability of the business. However, in some cases, socioemotional aspects of generational succession planning require strategies that concurrently focus on successor suitability, the consensus of the family, mode of transition, leadership, and challenges faced by the FOBs.
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.
|
|
|