Please use this identifier to cite or link to this item: http://hdl.handle.net/10603/251986
Title: Induction in Family Businesses A Study of Alternative Approaches
Researcher: MERCHANT PARIMAL R.
Guide(s): Debasis Mallik
Keywords: Family Businesses
Social Sciences,Economics and Business,Planning and Development
University: Birla Institute of Technology and Science
Completed Date: 2017
Abstract: The role of family businesses in creation of wealth in the world is well acknowledged. They constitute a large proportion of the global business enterprises. The vast majority of the family businesses are small or medium-sized firms. Ensuring continuity of the family business after the founder has been seen as a major challenge. Planning for succession, beginning with integration of the next generation family members into the family business, is an issue of critical importance. Induction is the process of initiating and grooming the younger generation members into the family business through an orderly process. Succession is an event, whereas induction is a process, spread over a considerable period of time, in which the inductee learns about the business. This study has focused on Indian family businesses in the Small and Medium Enterprise (SME) segment. An extensive literature review was carried out to identify the key drivers that contribute to effective succession. The literature on family business has focused to a large extent on the challenges to the continuity of the family business and the issue of succession. But the specific process of induction, as an area of research is yet to attract the attention of researchers. Thus this study aimed to focus on induction in family business succession, in the context of eastern culture and a developing economy. the objectives of this study were as follows: newline Empirically examine the influence of the factors affecting succession, as identified from the literature survey, on the effective induction in the Indian SME family businesses. newline Explore the causal relationship between the variables identified and the effectiveness of induction, in terms of positive influence on business, family and the inductee. newline Develop insights from the study that can help business families to manage the induction effectively. newlineTo begin with, based on the literature survey, the relevant variables were identified. On the basis of these,16 hypotheses were formulated. To test the hypotheses date
Pagination: 201
URI: http://hdl.handle.net/10603/251986
Appears in Departments:Economics & Finance

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