Cover Image

Family-owned businesses: towards a model of succession planning in Malaysia

Succession planning for businesses is highly essential. The essence of succession planning is crucial especially among small and medium businesses as they cannot afford to withstand various major setbacks for continuity and sustainability in developing and developed countries alike. Malaysia is not...

Full description

Saved in:
Bibliographic Details
Main Authors: Abdullah, Moha Asri, Abdul Hamid, Zarinah, Hashim, Junaidah
Format: Article
Language:English
Published: World Business Institute 2011
Subjects:
HF5381 Vocational guidance. Career development
Online Access:http://irep.iium.edu.my/3244/1/2011-Family_Owned_Business_Succession-I%27national_Review_of_Business%5B1%5D.pdf
http://irep.iium.edu.my/3244/
http://www.bizresearchpapers.com/View%20Articles_november94.htm
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.iium.irep.3244
record_format dspace
spelling my.iium.irep.32442013-07-02T01:26:09Z http://irep.iium.edu.my/3244/ Family-owned businesses: towards a model of succession planning in Malaysia Abdullah, Moha Asri Abdul Hamid, Zarinah Hashim, Junaidah HF5381 Vocational guidance. Career development Succession planning for businesses is highly essential. The essence of succession planning is crucial especially among small and medium businesses as they cannot afford to withstand various major setbacks for continuity and sustainability in developing and developed countries alike. Malaysia is not exceptional to this. This present paper focuses on succession planning in family-owned retailing and manufacturing businesses of East Cost Economic Region (ECER) in Malaysia. This paper attempts to delineate three succession issues in family business i.e., succession dilemma, successor attributes and succession plan. This paper argues that to a certain extent, SME owners face some dilemmas while various factors such as business challenges, managerial capabilities, trustworthiness, loyalty, flexibility etc. are related to succession attributes. The findings generally indicate that the respondents agree to adopt succession planning in their businesses even though only half of them have succession planning. A positive relationship among succession planning, successor attributes and succession dilemma is derived based on a correlation analysis. The succession planning model is established with successor attributes and succession dilemma as the determinants for succession planning. World Business Institute 2011-01 Article REM application/pdf en http://irep.iium.edu.my/3244/1/2011-Family_Owned_Business_Succession-I%27national_Review_of_Business%5B1%5D.pdf Abdullah, Moha Asri and Abdul Hamid, Zarinah and Hashim, Junaidah (2011) Family-owned businesses: towards a model of succession planning in Malaysia. International Review of Business Research Papers, 7 (1). pp. 251-264. ISSN 1832-9543 (O), 1837-5685 (P) http://www.bizresearchpapers.com/View%20Articles_november94.htm
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
topic HF5381 Vocational guidance. Career development
spellingShingle HF5381 Vocational guidance. Career development
Abdullah, Moha Asri
Abdul Hamid, Zarinah
Hashim, Junaidah
Family-owned businesses: towards a model of succession planning in Malaysia
description Succession planning for businesses is highly essential. The essence of succession planning is crucial especially among small and medium businesses as they cannot afford to withstand various major setbacks for continuity and sustainability in developing and developed countries alike. Malaysia is not exceptional to this. This present paper focuses on succession planning in family-owned retailing and manufacturing businesses of East Cost Economic Region (ECER) in Malaysia. This paper attempts to delineate three succession issues in family business i.e., succession dilemma, successor attributes and succession plan. This paper argues that to a certain extent, SME owners face some dilemmas while various factors such as business challenges, managerial capabilities, trustworthiness, loyalty, flexibility etc. are related to succession attributes. The findings generally indicate that the respondents agree to adopt succession planning in their businesses even though only half of them have succession planning. A positive relationship among succession planning, successor attributes and succession dilemma is derived based on a correlation analysis. The succession planning model is established with successor attributes and succession dilemma as the determinants for succession planning.
format Article
author Abdullah, Moha Asri
Abdul Hamid, Zarinah
Hashim, Junaidah
author_facet Abdullah, Moha Asri
Abdul Hamid, Zarinah
Hashim, Junaidah
author_sort Abdullah, Moha Asri
title Family-owned businesses: towards a model of succession planning in Malaysia
title_short Family-owned businesses: towards a model of succession planning in Malaysia
title_full Family-owned businesses: towards a model of succession planning in Malaysia
title_fullStr Family-owned businesses: towards a model of succession planning in Malaysia
title_full_unstemmed Family-owned businesses: towards a model of succession planning in Malaysia
title_sort family-owned businesses: towards a model of succession planning in malaysia
publisher World Business Institute
publishDate 2011
url http://irep.iium.edu.my/3244/1/2011-Family_Owned_Business_Succession-I%27national_Review_of_Business%5B1%5D.pdf
http://irep.iium.edu.my/3244/
http://www.bizresearchpapers.com/View%20Articles_november94.htm
_version_ 1643605104059744256
score 13.211869

Similar Items