| Summary: | This study employs a business exit concept of a family-owned business and provides a deeper understanding on the success of the business. Furthermore, this study aims to determine the process of family succession prior to the continuity of the business owned by family members. This study is a qualitative study, employing case study design which sources were obtained from the CEO of Lombok Post-Indonesia. The data of this study were obtained through interviews and observation. The results showed that managing FOBs is a complicated and demanding task to do, especially within the event of choosing particular candidate for future succession since not every family member is intrested to engage in family-owned entreprises. Furthermore, FOBs does not always have any objectives to pass on the leadership to the family member unless they are ready and well- prepared with sufficient knowledge to take over the business.
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