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Title: An Empirical Study of Career Choices of Successors in Family Managed Businesses in Indian Context
Researcher: Agarwal, Rajiv G.
Guide(s): D Souza, Keith
Keywords: Economics, Career Choices, Family Managed Businesses
University: Birla Institute of Technology and Science
Completed Date: 2016
Abstract: Indian Family Businesses play an important role in the Indian Economy as they contribute over 66% of the total GDP in India (KPMG, 2010). Therefore, their long term survival becomes important. Succession is critical for the survival of these firms beyond the founding generations (Sharma, 2008) In recent times, there has been a spate of successors who are choosing alternative options and preferring not to join the traditional family businesses (Ward, 2000). And this trend seems to be growing, with increasingly, the trend for most or all offspring aspiring to work for the family business, going from expected, to an option, to unusual, over the last few generations Gersick (2015). There have been numerous studies done internationally, which have explained various factors influencing the successors choices but there have been very few studies done in the Indian context. newlineKeeping this in mind, the need was felt to investigate the factors that influence the newlinecareer choices of successors in family businesses in the Indian environment. newlineThe career choices were defined as one of two alternatives - joining the family business or not joining it. A comprehensive literature survey was done to ascertain the extent of current knowledge in this area. The factors influencing career choices of successors in family managed businesses were identified from previous studies and consolidated for this study. Further, additional variables were added, where it was observed that the existing variables were not adequate. A total of seventeen variables were chosen for this research. An empirical, exploratory and descriptive research design was selected and a research model was developed. The research design has taken into consideration the research by Zellweger, Sieger and Halter (2011) who studied career choice intentions amongst newlinecollege students, basing their model on the theory of planned behavior (Ajzen, 1991) newline(which seeks to explain entrepreneurship by focusing extensively on entrepreneurial newlineintentions). Zellweger et al. stated that self-ef
Pagination: 192p.
Appears in Departments:Economics & Finance

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