Critical Success Factors in Business Succession: The Indonesian Family Business

DOI

10.2991/aebmr.k.200514.017How to use a DOI?

Keywords

family business, succession, critical success factor, business continuance

Abstract

Despite the consequence of business succession in the family business, neglection of the study with regards to its crucial success factors is often. The critical success factors in succession with regards to the family business in Indonesia was explored to provide lessons that ease the succession process to be more valuable. This study employed a qualitative study approach with a structured interview to three family businesses involved in the food industry in Bogor, Indonesia. The results of this study clustered critical success of business succession into three factors, namely organization, successor, and predecessor. Each key success factor of business succession was associated with different attributes. The attributes of the organization were existence, development, family unity, and sustainability. The characteristics of the successor were the commitment, leadership, communication skills, and persistence manner as well. The attributes of the predecessor were the commitment, mentoring, persistence, and communication skill. This study found that the essential qualities of critical success factors were the commitment, leadership and mentoring process This study conduct an in-depth review to explore the technology relation based on the results found.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Nyayu Lathifah Tirdasari
AU  - Wawan Dhewanto
PY  - 2020
DA  - 2020/05/18
TI  - Critical Success Factors in Business Succession: The Indonesian Family Business
BT  - Proceedings of the First ASEAN Business, Environment, and Technology Symposium (ABEATS 2019)
PB  - Atlantis Press
SP  - 74
EP  - 78
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200514.017
DO  - 10.2991/aebmr.k.200514.017
ID  - Tirdasari2020
ER  -