This qualitative phenomenological study explored the various experiences and understandings of the key differentiators that predict family-owned businesses’ success from the first generation to the third generation. The sample used in this study consisted of ten public family-owned businesses and ten private family-owned businesses. The study utilized open-ended interviews and empirical research to identify relevant themes, trends and relationships. Three clusters of themes emerged: growth, entitlement and differentiation. The study identified those concepts that would explain the historical trajectory of the public and private family-owned companies. Leadership continuity drives succession planning, and leadership is the starting point for successor training, education, and development. The continued survival and growth of the organization depend on employing the right people, in the right position, at the right time. The future of succession planning is an important issue for all firms due to demographic factors, such as the rising number of employees reaching retirement age and the dwindling number of younger workers replacing them.
|School:||University of Phoenix|
|School Location:||United States -- Arizona|
|Source:||DAI-A 78/02(E), Dissertation Abstracts International|
|Subjects:||Business administration, Entrepreneurship, Individual & family studies|
|Keywords:||Business leadership, Business owners, Entrepreneurship, Family-owned business, Small businesses, Succession planning|
Copyright in each Dissertation and Thesis is retained by the author. All Rights Reserved
The supplemental file or files you are about to download were provided to ProQuest by the author as part of a
dissertation or thesis. The supplemental files are provided "AS IS" without warranty. ProQuest is not responsible for the
content, format or impact on the supplemental file(s) on our system. in some cases, the file type may be unknown or
may be a .exe file. We recommend caution as you open such files.
Copyright of the original materials contained in the supplemental file is retained by the author and your access to the
supplemental files is subject to the ProQuest Terms and Conditions of use.
Depending on the size of the file(s) you are downloading, the system may take some time to download them. Please be