Succession planning and family business performance in SMEs
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 des...
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| Format: | Article |
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Emerald Group Publishing
2017
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| _version_ | 1796863147827527680 |
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| author | Mokhber, Mozhdeh Abdul Rasid, Siti Zaleha Vakilbashi, Amin Mohd. Zamil, Noraiza Yee, Woon Seng |
| author_facet | Mokhber, Mozhdeh Abdul Rasid, Siti Zaleha Vakilbashi, Amin Mohd. Zamil, Noraiza Yee, Woon Seng |
| author_sort | Mokhber, Mozhdeh |
| collection | ePrints |
| description | 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. |
| first_indexed | 2024-03-05T20:22:22Z |
| format | Article |
| id | utm.eprints-80087 |
| institution | Universiti Teknologi Malaysia - ePrints |
| last_indexed | 2024-03-05T20:22:22Z |
| publishDate | 2017 |
| publisher | Emerald Group Publishing |
| record_format | dspace |
| spelling | utm.eprints-800872019-03-05T02:03:21Z http://eprints.utm.my/80087/ Succession planning and family business performance in SMEs Mokhber, Mozhdeh Abdul Rasid, Siti Zaleha Vakilbashi, Amin Mohd. Zamil, Noraiza Yee, Woon Seng HD28 Management. Industrial Management 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. Emerald Group Publishing 2017 Article PeerReviewed 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 https://dx.doi.org/10.1108/JMD-12-2015-0171 DOI:10.1108/JMD-12-2015-0171 |
| spellingShingle | HD28 Management. Industrial Management Mokhber, Mozhdeh Abdul Rasid, Siti Zaleha Vakilbashi, Amin Mohd. Zamil, Noraiza Yee, Woon Seng Succession planning and family business performance in SMEs |
| title | Succession planning and family business performance in SMEs |
| title_full | Succession planning and family business performance in SMEs |
| title_fullStr | Succession planning and family business performance in SMEs |
| title_full_unstemmed | Succession planning and family business performance in SMEs |
| title_short | Succession planning and family business performance in SMEs |
| title_sort | succession planning and family business performance in smes |
| topic | HD28 Management. Industrial Management |
| work_keys_str_mv | AT mokhbermozhdeh successionplanningandfamilybusinessperformanceinsmes AT abdulrasidsitizaleha successionplanningandfamilybusinessperformanceinsmes AT vakilbashiamin successionplanningandfamilybusinessperformanceinsmes AT mohdzamilnoraiza successionplanningandfamilybusinessperformanceinsmes AT yeewoonseng successionplanningandfamilybusinessperformanceinsmes |