Universiti Teknologi Malaysia Institutional Repository

Succession planning and family business performance in SMEs

Mokhber, Mozhdeh and Abdul Rasid, Siti Zaleha and Vakilbashi, Amin and Mohd. Zamil, Noraiza and Yee, Woon Seng (2017) Succession planning and family business performance in SMEs. Journal of Management Development, 36 (3). pp. 330-347. ISSN 0262-1711

Full text not available from this repository.

Official URL: https://dx.doi.org/10.1108/JMD-12-2015-0171

Abstract

Purpose: The purpose of this paper is to examine the impact of preparation level of heirs and the relationship between family and business members on the performance of family business in small- and medium-sized enterprises (SMEs) in Malaysia. Design/methodology/approach: A quantitative research design involving the use of a survey questionnaire was implemented to investigate the influences of succession planning factors on the performance of family business in SMEs. The survey was conducted on 50 family business successors in Malaysian SMEs. Findings: The result showed that the two studied factors – preparation level of heirs and the relationship between family and business members – have a positive impact on the performance of family business. Research limitations/implications: The research concentrated on the performance of family business in SMEs in Malaysia’s southern region. The generalization therefore must be made very cautiously to the overall Malaysian SMEs. Practical implications: The findings help family businesses to better understand the importance of the preparation level of heirs and the relationship between family and business members on business performance. This study shows the importance of key factors influencing succession planning so that the successor to the family business can bring the family firm to the next stage of success. Originality/value: This study serves as a reference or guide for the management of family businesses to better understand the important factors for effective succession planning. It considers the best possible preparation and family-related factors affecting the end results of business, particularly in Malaysian SMEs.

Item Type:Article
Uncontrolled Keywords:Family business performance, Small- and medium-sized enterprises (SMEs), Succession planning
Subjects:H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions:International Business School
ID Code:80087
Deposited By: Fazli Masari
Deposited On:05 Mar 2019 10:03
Last Modified:05 Mar 2019 10:03

Repository Staff Only: item control page