STRATEGIES FOR SUCCESSFUL FAMILY-OWNED BUSINESS

This study aimed at explaining the strategies of success in running family-owned enterprise to enable the next generation to develop the company which had been established by previous generations. This was a qualitative research with a case study approach conducted on military equipment business inT...

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Main Authors: Achmad Zaki, Mintarti Rahayu, Christin Susilowati
Format: Article
Language:English
Published: University of Brawijaya 2018-06-01
Series:Jurnal Aplikasi Manajemen
Subjects:
Online Access:http://jurnaljam.ub.ac.id/index.php/jam/article/view/1275
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author Achmad Zaki
Mintarti Rahayu
Christin Susilowati
author_facet Achmad Zaki
Mintarti Rahayu
Christin Susilowati
author_sort Achmad Zaki
collection DOAJ
description This study aimed at explaining the strategies of success in running family-owned enterprise to enable the next generation to develop the company which had been established by previous generations. This was a qualitative research with a case study approach conducted on military equipment business inTulungagung Regency. The results of this study indicated that the strategies of success in family-owned companies were through the process of selection of candidates for the next generation of the company and handing over all power to the elected candidates. Conflicts emerged inside the process of selection or determination of business leaders but through meetings orde liberation with all members of the second generation and produced an agreement that three of the six children of the family went into the organizational structure to manage the business. While the other three children set up their own business, however, the three children were still related to the development of family companies.
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spelling doaj.art-a58cb5931a8f43cc9746dd93db49406d2022-12-22T01:19:29ZengUniversity of BrawijayaJurnal Aplikasi Manajemen1693-52412302-63322018-06-0116210.21776/ub.jam.2018.016.02.04910STRATEGIES FOR SUCCESSFUL FAMILY-OWNED BUSINESSAchmad Zaki0Mintarti Rahayu1Christin Susilowati2Master of Management Faculty of Economic and Business Universitas BrawijayaFaculty of Economic and Business Universitas BrawijayaFaculty of Economic and Business Universitas BrawijayaThis study aimed at explaining the strategies of success in running family-owned enterprise to enable the next generation to develop the company which had been established by previous generations. This was a qualitative research with a case study approach conducted on military equipment business inTulungagung Regency. The results of this study indicated that the strategies of success in family-owned companies were through the process of selection of candidates for the next generation of the company and handing over all power to the elected candidates. Conflicts emerged inside the process of selection or determination of business leaders but through meetings orde liberation with all members of the second generation and produced an agreement that three of the six children of the family went into the organizational structure to manage the business. While the other three children set up their own business, however, the three children were still related to the development of family companies.http://jurnaljam.ub.ac.id/index.php/jam/article/view/1275SuccessionFamily Business
spellingShingle Achmad Zaki
Mintarti Rahayu
Christin Susilowati
STRATEGIES FOR SUCCESSFUL FAMILY-OWNED BUSINESS
Jurnal Aplikasi Manajemen
Succession
Family Business
title STRATEGIES FOR SUCCESSFUL FAMILY-OWNED BUSINESS
title_full STRATEGIES FOR SUCCESSFUL FAMILY-OWNED BUSINESS
title_fullStr STRATEGIES FOR SUCCESSFUL FAMILY-OWNED BUSINESS
title_full_unstemmed STRATEGIES FOR SUCCESSFUL FAMILY-OWNED BUSINESS
title_short STRATEGIES FOR SUCCESSFUL FAMILY-OWNED BUSINESS
title_sort strategies for successful family owned business
topic Succession
Family Business
url http://jurnaljam.ub.ac.id/index.php/jam/article/view/1275
work_keys_str_mv AT achmadzaki strategiesforsuccessfulfamilyownedbusiness
AT mintartirahayu strategiesforsuccessfulfamilyownedbusiness
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