Article | Management area | Year 2016
 

Knowledge Creation Aiding Family Business Succession Plan

by Kalin Pipattanantakurn; Vichita Ractham
  
  International Journal of Business & Management Science 6(1), p.63-84

Abstract

Family business is the main contributor for most economy. Their survival rate and continuity are very critical toward growing economy. Currently, one of the biggest problem faces in family business is how to cope with succession process. This paper aims to use knowledge creation process to help improve family business succession process. A qualitative method using semi-structured interviews with predecessors and successors was conducted. The result highlights the importance of Socialization during first phase in succession plan process. [ABSTRACT FROM AUTHOR] Copyright of International Journal of Business & Management Science is the property of International Journal of Business & Management Science and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)