Succession in Family Restaurant Business: An Intergenerational Perspective

DOI

10.2991/aebmr.k.210510.042How to use a DOI?

Keywords

Family Business, Succession, Successor, Former Owner, Restaurant Business

Abstract

This study aims at examining the succession process of family restaurants in Surabaya from the perspective of its former owners and successors. It was conducted to determine the succession planning of the former owners and successors to maintain their family business and to investigate the obstacles faced during the process. This study employs a qualitative method by studying two family restaurants in Surabaya where three informants from each restaurant were interviewed. It was found that in a Family Business Enterprise (FBE) type, formal succession planning was not necessary because the businesses were fully managed by the successors’ family members. In addition, family values, hobbies, and passion were found to be fundamental aspects to be considered in the succession of family business planning.

Copyright

© 2021, 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  - Rahel Julita
AU  - Anastasya Silvana Asali
AU  - Serli Wijaya
PY  - 2021
DA  - 2021/05/10
TI  - Succession in Family Restaurant Business: An Intergenerational Perspective
BT  - Proceedings of the 2nd International Conference on Business and Management of Technology (ICONBMT 2020)
PB  - Atlantis Press
SP  - 261
EP  - 267
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210510.042
DO  - 10.2991/aebmr.k.210510.042
ID  - Julita2021
ER  -