No abstract

No abstract

No abstract

JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@jstor.org.

Given the importance of succession planning in family‐owned businesses, our research is focused on identifying the key dimensions that could comprise a family business self‐efficacy scale. We employed an explorative qualitative research methodology by querying a group of family business presidents to describe the skills critical for success. Using a resource‐based perspective and relevant family business succession literature, we organized this feedback into a framework depicting the key challenges associated with leadership succession. The presidents’ comments highlight a set of general and family business skill requirements that fall into the domains of social and human capital.