Family Business Case Study

4590 Words19 Pages
Factors influencing the sustainability of Family Business 1.1 Overview This chapter covers the background of study, which is the factors influencing the sustainability of the family business like small medium-sized enterprise in Malacca. The family businesses are the important part of the business which it contributes so much of strategic planning and succession planning to business. In meanwhile, the explanation is provided in the justification of the study and the scope of this research is also identified. Lastly, we also defined some element which contributes to sustainability of family business. 1.2 Background of Research The family business is defined as the majority of the decision of the commercial organization is making or influencing…show more content…
The education level of their offspring provided by their parents in term of formal and informal (M. Morris, R. Williams, D. Nel et al, 2012). Another that, the training or the years of work experience in the company or outside company. As we know entrepreneurship (business course) was offered in many universities. So, the knowledge and concepts of business provided in universities can help the heirs avoid the risks in management (I. Bili, A. Prka, G. Vidovi, 2011). From the previous studies level of preparation of heirs has been discussing the impact toward continuity of family business operates. The preparation level of heirs exists and identified as the variable affect the continuity of the family business…show more content…
Morris Roy W. Williams Deon Nel. (1996). Factors influencing family business succession. International Journal of Entrepreneurial Behavior & Research , volume 2 (3), pages 68-81. and N. Buang, Ganefri, S. Sidek. (2013). Family Business succession of SMEs and post-transition business performance. Asian Social Science , volume 9 (12 SPL ISSUE), pages 79-92. There are 3 parts in the questionnaire form. The first is the introduction which clearly informs the respondents the purpose of the research. Besides it also conveys to the respondent the positive thought and motivate them honestly answer the questions in the questionnaire so the information provided by them is more frankly and less biases. The second part is question about factors influencing the sustainability of family business. All of the question form is guiding from the table above to obtain the primary information of this study needed. The third part is demographic data of the respondents like their age, gender, net income or job status. All of this information is important like net income and job status for explanation and justification of intention of heirs’ takeover the family business. In the meanwhile,
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