Transition dilemma in a closely held family business: A case of Excel Transporters

Joshi, Manoj; Sinha, Amit Kumar; Dixit, Shailja; Shukla, Balvinder

doi:10.24310/ejfbejfb.v8i1.4939

Cited by 3 publications

(2 citation statements)

References 22 publications

(1 reference statement)

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“…The successor may not strive for the best and feels deprived of other career opportunities (Calabrò et al, 2018;Waldkirch et al, 2018). When there are other potential successors within the family, the role of the potential chosen successor needs to be accepted and respected by the other family members (Friedmann, 1991;Joshi et al, 2018;Byrne et al, 2018). Otherwise, there are power imbalances within the family business, and there may even be no progress in the succession process due to fear, aversion, and envy (Avloniti et al, 2014).…”

Section: Familymentioning

confidence: 99%

Taking the helm at the family operation under the watchful eye of the predecessor: Succession in European horticulture and agriculture

Mair¹,

Rombach²,

Systems³

2020

Europ.J.Hortic.Sci

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Section: Familymentioning

confidence: 99%

Taking the helm at the family operation under the watchful eye of the predecessor: Succession in European horticulture and agriculture

Mair¹,

Rombach²,

Systems³

2020

Europ.J.Hortic.Sci

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“…Rather than close the business, many owners prefer to sell to potential external individual or transfer the stake to a family member or employee (Maco, Csizmadia & Heldrich, 2015;Martins, Martin & Mabbet, 2002). For instance, family business literature (Berns & Klarner, 2017;Joshi, Sinha, Dixit, & Shukla, 2018) describe succession plan as the transfer of business ownership and leadership from a predecessor to a successor. Garman and Glawe (2004) similarly described succession as "a structured process involving the identification and preparation of a potential successor to assume a new role".…”

Section: Introductionmentioning

confidence: 99%

Evaluation of Ownersâ€™ Characteristics and Succession Practice among Small and Medium Size Manufacturing Enterprises in Ekiti State, Nigeria

Jide

Fields

Arogundade

et al. 2019

JEBS

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This study evaluated ownersâ€™ characteristics and succession practice among manufacturing Small and Medium Enterprises (SMEs) in Ekiti State, Nigeria. It assessed the correlation between achieved characteristics (educational level and experience) of owners of manufacturing enterprises and choice of succession practice; and the extent to which ownersâ€™ situational characteristics (health, spouse, childrenâ€™s readiness) influenced the choice of succession practice. The study employed descriptive design and the population comprised of 136 founders and succeeding owners of registered manufacturing SMEs in Ekiti State. To obtain a sample of 100 participants, stratified sampling techniques were used and Descriptive statistics were also used to profile the respondentâ€™s demography. Pearson Product Moment Correlation (PPMC) was employed to determine the association between the demographic and achieved characteristics of owners and succession practice. While multiple regressions were used to analyze learnable and situational characteristics and succession practice the studyâ€™s findings revealed that ownersâ€™ characteristics, expressed as: demographic characteristics, being female (r=0.315, p=0.012); achieved characteristics, higher education (r=0.300. p=0.017) and average experience (r=0.272, p=0.031); learnable characteristics, need for achievement (Î²=0.334, p=0.007) and leadership (Î²=0.288,p=0.035); and situational characteristics of wife (Î²=-0.256,p=0.04) and children (Î²=0.284, p=0.018), were significant variables that influenced succession practice among SMEsâ€™ owners. It concluded that practice and belief in succession practices among SMEs owners is strongly influenced by education, experience, and the desire to leave a legacy. Recommendations include that government should encourage graduates to establish SMEs and managers should strive for organized and dependable families and train their children, to ensure successful succession.

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Women in family business succession: a systematic literature review and future research agenda

Boukhabza,

Ouhadi

2023

Manag Rev Q

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Transition dilemma in a closely held family business: A case of Excel Transporters

Cited by 3 publications

References 22 publications

Taking the helm at the family operation under the watchful eye of the predecessor: Succession in European horticulture and agriculture

Taking the helm at the family operation under the watchful eye of the predecessor: Succession in European horticulture and agriculture

Evaluation of Ownersâ€™ Characteristics and Succession Practice among Small and Medium Size Manufacturing Enterprises in Ekiti State, Nigeria

Women in family business succession: a systematic literature review and future research agenda

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