n Management Dynamics : Journal of the Southern African Institute for Management Scientists - The influence of organisational-related factors on the succession process in small and medium-sized family businesses
|Article Title||The influence of organisational-related factors on the succession process in small and medium-sized family businesses|
|© Publisher:||Southern African Institute for Management Scientists (SAIMS)|
|Journal||Management Dynamics : Journal of the Southern African Institute for Management Scientists|
|Publication Date||Jan 2007|
|Pages||42 - 55|
In this study organisational-related factors that can influence the succession process in small and medium-sized family businesses are empirically investigated. This study was undertaken in South Africa among 2 458 owner-managers and their successors in 1 038 family businesses. A total of 332 usable questionnaires were returned. The dependent variable in this study, namely the Perceived success of the succession process, is measured by two underlying dimensions, namely Satisfaction with the process and Continued profitability of the business. The empirical results indicate that the organisational-related factors that influence the Continued profitability of the business are, on the one hand, Management succession planning, and on the other hand, the use of Governance processes and planning. The Satisfaction with the process is influenced by the extent to which Management succession planning is conducted by the family business. The use of Governance processes and planning is in turn influenced by the extent to which the owner-manager has Trust in the successor's abilities and intentions, as well as the Willingness of the owner-manager to hand over the business.
Article metrics loading...