What is it about?
An interpretative phenomenological analysis (IPA) was adopted for detailed structural analysis of in-depth interview as it aims to explore meaning of participants' experiences. A total of ten individuals participated in the study. Seventeen superordinate themes emerged from participants' personal statements and experiences. The themes are grouped into four aspects: namely, characteristics of predecessor and successor, succession process, firm and family and succession output. These aspects were found to be different between X and millennial cohort successors. They then form an empirical model of intra-family succession from both perspectives.
Featured Image
Photo by Austin Distel on Unsplash
Why is it important?
This study enriches the theory of family firm by considering generational effect of successors on intra-family succession. As millennial cohort successors prefer to go directly into business (experiential learning) and are driven by non-material motives (passion-driven), predecessors are expected to utilize them in the process of nurturing and development.
Perspectives
Read the Original
This page is a summary of: Intra-family succession insights: the presence of millennial cohort successors, Journal of Family Business Management, May 2020, Emerald,
DOI: 10.1108/jfbm-07-2019-0052.
You can read the full text:
Resources
Contributors
The following have contributed to this page