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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Format: | Article |
Language: | English |
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University of Brawijaya
2018-06-01
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Series: | Jurnal Aplikasi Manajemen |
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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. |
first_indexed | 2024-12-11T05:28:56Z |
format | Article |
id | doaj.art-a58cb5931a8f43cc9746dd93db49406d |
institution | Directory Open Access Journal |
issn | 1693-5241 2302-6332 |
language | English |
last_indexed | 2024-12-11T05:28:56Z |
publishDate | 2018-06-01 |
publisher | University of Brawijaya |
record_format | Article |
series | Jurnal Aplikasi Manajemen |
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 AT christinsusilowati strategiesforsuccessfulfamilyownedbusiness |