The Role of Personality System Succession Pattern in Family Business in Indonesia
Journal Title: Scholars Journal of Economics, Business and Management - Year 2017, Vol 4, Issue 12
Abstract
Abstract:The fact shows that 30 percent of family business can survive in second generation of family ownership, and only 15 percent survive in third generation. This indicates that it is important to study important factors that are the key of successful transition in family business. The aim of this study is to analyze the existence of personality system succession pattern that includes successor qualification, entrepreneurial orientation, willingness to take over responsibility and personality traits, management and leadership is influential in the effort to sustain success in family business in Indonesia. There are 52 second generation family businesses used as sample in this study, using Partial Least Square analysis it was discovered that personality system succession pattern includes: successor qualification, entrepreneurial orientation, willingness to take over responsibility and personality traits, management and leadership skills has a positive and significant impact, in the effort to sustain success in family business ( Study on Medium Scale Second Generation Family Business in Indonesia). Keywords:Family business, personality system, succesor qualification, entrepreneurial orientation, willingness to take over responsibility, personality traits, management and leadership skill,success in family business.
Authors and Affiliations
Christina Whidya Utami
Keywords
Related Articles
- EP ID EP385983
- DOI -
- Views 97
- Downloads 0
Investigate the relationship between Intellectual Capital and Return on Assets and Return on Equity of the companies accepted in the Tabriz stock exchange
Abstract: The lack of reflection of the value of intellectual financial reports is one of the most traditional accounting systems failling. In today’s knowledge based industry while the role of intellectual capital in cr...
Adaptability of “Twelfth Five-Year” Plan for Energy Industry to Environmental Protection
Abstract: In China, long-term contradiction and short-term problems of energy development are intertwined currently, and the international pressure of climate change is increasing. This paper will discuss whether could w...
Financial Sector Reforms on the Stock Market: Nigerian Experience (1996-2013)
Abstract: Capital markets in developed economies by undertaking a series of reforms thought to foster development of domestic securities markets. Financial reforms are primarily driven by the need to achieve the objectiv...
Non-Performing Loans and Economic Growth
Non-Performing loans are the big challenge for the Banking sector. This study examined this serious issue by developing the relationship between the Non-Performing Loans and the Economic Growth. For this, the data of Eco...
Impact of Internet Advertising upon Consumers of Madhya - Pradesh
Now days, Internet advertising is a popular and simple way to make consumers aware about the products and services. Internet advertising refers to a paid form of promotion that uses digital media such as the internet. Al...