MES Management Journal
Vol. 3 No. 3 (2024): MES Management JournalĀ 

Navigating Generational Transitions: Leadership Succession and Sustainability in Family Businesses

Kurniawan, Daniel (Unknown)



Article Info

Publish Date
18 Nov 2024

Abstract

This study delves into the multifaceted dynamics influencing leadership succession and sustainability in family businesses, focusing on key variables such as intergenerational cooperation, family relationships, intrinsic motivation of successors, the controlling generation, and the presence of good governance. Employing a comprehensive literature review methodology, relevant academic sources were analyzed to construct a conceptual model that synthesizes theoretical and empirical insights. The findings highlight the essential role of strong intergenerational collaboration and robust governance structures in promoting smooth succession and long-term business viability. However, inherent challenges such as generational conflicts and lack of formalized succession plans pose risks to continuity. This study contributes a framework that underscores the importance of balancing familial values with strategic business objectives to sustain family firms across generations.

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Journal Info

Abbrev

mesman

Publisher

Subject

Religion Economics, Econometrics & Finance Industrial & Manufacturing Engineering Social Sciences

Description

MES Management Journal is a peer-reviewed national journal published by Masyarakat Ekonomi Syariah (MES) Bogor in collaboration with Institut Agama Islam Nasional (IAI-N) Laa Roiba Bogor, Ikata Ahli Ekonomi Islam (IAEI), and Intelectual Association for Islamic Studies (IAFORIS) . This journal ...