Sage Journals: Discover world-class research

Abstract

A key issue for many family-owned businesses (FOBs) is intergenerational management succession.This article investigates the dynamics of the succession process for FOBs that have already taken the succession decision and have selected their successors.The primary goal of the study is to delineate the factors behind the succession process by investigating selection, training and entry mode of successors as well as the involvement of family members and stakeholders in the succession process. Data from the predecessors of 408 FOBs in Turkey reveals a number of insightful findings regarding major characteristics of the FOB succession process including the views of predecessors on the succession process, successor selection criteria and the post-succession period.This is the first systematic study to deal with the succession process in Turkish FOBs, which previously has been informed only by anecdotal evidence.

Planification de la succession dans les entreprises familiales Témoignage de Turquie Ekrem Tatoglu Université de Bahcesehir, Turquie Veysel Kula Université de Afyon Kocatepe, Turquie Keith W. Glaister Université de Sheffield, R.-U. Pour un grand nombre d entreprises familiales (EF) la succession intergénérationnelle est une question de réflexion déterminante. Le présent article examine la dynamique du processus de succession pour les EF qui ont déjà pris une décision en ce qui concerne la succession de l entreprise et qui ont donc nommé leurs éventuels successeurs. En fait, le but que se propose avant tout cette étude est de définir les facteurs sur lesquels s appuie le processus de succession, en étudiant les modes de sélection, de formation et d admission des éventuels successeurs ainsi que le degré d implication de divers membres de la famille et des différentes parties intéressées dans ledit processus de succession. Des informations recueillies enTurquie auprès des prédécesseurs de 408 entreprises familiales — au nombre desquelles les opinions d un certain nombre de prédécesseurs concernés par le processus de succession, les critères de sélection desdits successeurs et la prise en compte de la période de post-succession - ont abouti à tout un ensemble de conclusions perspicaces sur les traits majeurs du processus de succession des EF. Nous avons là la première étude systématique qui traite du processus de succession dans les entreprises familiales turques, -processus qui jusqu à présent n avait été documenté que par des témoignages empiriques.

Planificación de la sucesión en las empresas familiares Testimonio de Turquía Ekrem Tatoglu Universidad de Bahcesehir, Turquía Veysel Kula Universidad de Afyon Kocatepe, Turquía Keith W. Glaister Universidad de Sheffield, RU La sucesión intergeneracional para cargos de dirección es la cuestión clave para muchas empresas familiares. Este artículo investiga la dinámica del proceso de sucesión para las empresas familiares que ya han decidido sobre la sucesión y elegido a sus sucesores. El objetivo principal de este estudio es definir los factores sobre los que se basa el proceso de sucesión examinando la selección, formación y modo de entrada de los sucesores, además del grado de participación de la familia y de las partes interesadas en el proceso de sucesión. Los datos de los predecesores de 408 empresas familiares en Turquía revelan una serie de conclusiones perspicaces respecto a las características principales del proceso de sucesión de las empresas familiares con inclusión de los pareceres de los predecesores sobre el proceso de sucesión, los criterios para la selección de sucesores y el período postsucesión. Éste es el primer estudio sistemático que trata del proceso de sucesión en las empresas familiares turcas, que antes había estado documentado solamente por relatos anecdóticos.

Nachfolge-Planung in Familienunternehmen Belege aus der Türkei Ekrem Tatoglu Bahcesehir Universität, Türkei Veysel Kula Afyon Kocatepe Universität, Türkei Keith W. Glaister Universität von Sheffield, Großbritannien Ein wichtiges Thema für viele Familienunternehmen ist die generationenbezogene Managementnachfolge. Dieser Artikel untersucht die Dynamik der Nachfolge in Familienunternehmen, die die Nachfolgefrage schon geklärt haben und eine Entscheidung über den Nachfolger getroffen haben. Das Hauptziel dieser Studie ist, die entscheidenden Faktoren hinter dem Nachfolgevorgang durch die nähere Untersuchung von Auswahl, Ausbildung und die Art, wie die Nachfolger in das Unternehmen gelangen, sowie die Einbeziehung anderer Familienmitglieder und Interessenvertreter innerhalb des Unternehmens in die Nachfolgeauswahl zu schildern. Daten von Vorgängern aus 408 Familienunternehmen in der Türkei zeigen einige aufschlussreiche Erkenntnisse über die Hauptcharakteristiken der Nachfolge in Familienunternehmen auf, einschließlich der Ansichten von Vorgängern auf die Nachfolgevorgang, Auswahlkriterien für Nachfolger und die Zeit nach der Nachfolge. Dies ist die erste systematische Studie, die sich mit dem Nachfolgevorgang in türkischen Familienunternehmen befasst, nachdem Studien zuvor nur durch anekdotische Einzelberichte gestützt wurden.

Keywords

family-owned business predecessor succession planning successor;Turkey

Get full access to this article

View all access options for this article.

References

Bachkaniwala, D. , Wright, M. and Ram, M. (2001) `Succession in South Asian Family Businesses in the UK , International Small Business Journal 19(4): 15—27.

Barach, J.A. , Gantisky, J. , Carson, J.A. and Doochin, B.A. (1988) `Entry of the Next Generation: Strategic Challenge for Family Business , Journal of Small Business Management 26(2): 49—56.

Beckhard, R. and Dyer, W.G. (1983) `Managing Continuity in the Family-owned Business , Organizational Dynamics 12(1): 5—12.

Bhalla, A. , Henderson, S. and Watkins, D. (2006) `A Multiparadigmatic Perspective of Strategy , International Small Business Journal 24(5): 515—37.

Bjuggren, P. and Sund, L. (2001) `Strategic Decision Making in Intergenerational Succession of Small- and Medium Size Family-owned Businesses , Family Business Review 14(1): 11—23.

Borwick, C. (1993) `Eight Ways to Assess Succession Plans , HRMagazine (May): 109—14.

Brown, R.B. and Coverley, R. (1999) `Succession Planning in Family Businesses: A Study from East Anglia, UK , Journal of Small Business Management 37(1): 93—7.

Bugra, A. (1994) State and Business in Modern Turkey: A Comparative Study. New York: State University of New York University Press.

Davis, P.S. and Harveston, P.D. (1998) `The Influence of Family on the Family Business Succession Process: A Multi-Generational Perspective , Entrepreneurship Theory and Perspective 22(3): 31—49.

10.

Fahed-Sreih, J. and Djoundourian, S. (2006) `Determinants of Longevity and Success in Lebanese Businesses: An Exploratory Study , Family Business Review 19(3): 225—34.

11.

Fox, M. , Nilakant, V. and Hamilton, R.T. (1996) `Managing Succession in Family-owned Businesses , International Small Business Journal 15(1): 15—25.

12.

Francis, B.C. (1993) `Family Business Succession Planning , Journal of Accountancy 176(2): 49—51.

13.

Gunduz, L. and Tatoglu, E. (2003) `A Comparison of the Financial Characteristics of Group Affiliated and Independent Firms in Turkey , European Business Review 15(1): 48—54.

14.

Handler, W.C. (1990) `Succession in Family Firms: A Mutual Role Adjustment between Entrepreneur and Next-generation Family Members , Entrepreneurship Theory and Practice 15(1): 37—51.

15.

Handler, W.C. (1991) `Key Interpersonal Relationships of Next-generation Family Members in Family Firms , Journal of Small Business Management 29(3): 21—32.

16.

Handler,W.C. and Kram, K.E. (1988) `Succession in Family Firms:The Problem of Resistance , Family Business Review 1(4): 361—81.

17.

Huang, TungChun (1999) `Who Shall Follow?: Factors Affecting the Adoption of Succession Plans in Taiwan , Long Range Planning 32(6): 609—15.

18.

Iseri, A. and Demirbag, M. (1999) `Overcoming Stereotyping: Beyond Cultural Approach , Middle East Business Review 3(1): 1—21.

19.

Janjuha-Jivrav, S. and Woods, A. (2002) `Successional Issues within Asian Family Firms , International Small Business Journal 20(1): 77—92.

20.

Kabasakal, H. and Bodur, M. (2002) `Arabic Cluster: A Bridge between East and West , Journal of World Business 37(1): 40—54.

21.

Kets de Vries, M.F.R. (1993) `The Dynamics of Family Controlled Firms: The Good News and the Bad News , Organizational Dynamics 21(3): 59—71.

22.

Kozan, M.K. and Ilter, S.S. (1994) `Third Party Roles Played by Turkish Managers in Subordinates Conflicts , Journal of Organizational Behavior 15(5): 453—66.

23.

Kula, V. (2005) `The Impact of the Roles, Structure and Process of Boards on Firm Performance: Evidence from Turkey , Corporate Governance: An International Review 13(2): 265—77.

24.

Kuratko, D.F. , Hornsby, J.S. and Montagno, R.V. (1993) `Family Business Succession in Korean and US Firms , Journal of Small Business Management 31(2): 132—6.

25.

Lauter, G.P. (1969) `Sociological-Cultural and Legal Factors Impeding Decentralization of Authority in Developing Countries , Academy of Management Journal 12(3): 367—78.

26.

Lauter, G.P. (1970) `Advanced Management Process in Developing Countries: Planning in Turkey , California Management Review 12(3): 7—12.

27.

Marcoulides, G.A. , Yavas, B.F. , Bilgin, Z. and Gibson, C.B. (1998) `Reconciling Culturalist and Rationalist Approaches: Leadership in the United States and Turkey , Thunderbird International Business Review 40(6): 563—83.

28.

Martin, L. (2001) `More Jobs for the Boys?: Succession Planning in SMEs , Women in Management Review 16(5): 222—31.

29.

Morris, M.H. , Williams, R.W. and Nel, D. (1996) `Factors Influencing Family Business Succession , International Journal of Entrepreneurial Behaviour & Research 2(3): 68—81.

30.

Motwani, J. , Levenburg, N.M. , Schwarz, T.V. and Blankson, C. (2006) `Succession Planning in SMEs , International Small Business Journal 24(5): 471—95.

31.

Palmer, J.J. (2000) `Internet Access in Bahrain: Business Patterns and Problems , Technovation 20(8): 451—8.

32.

Pasa, S.F. , Kabasakal, H. and Bodur, M. (2001) `Society, Organizations and Leadership in Turkey , Applied Psychology 50(4): 559—89.

33.

Ram, M. and Jones, T. (2002) `Exploring the Connection: Ethnic Minority Businesses and the Family Enterprise , in D. E. Fletcher (ed.) Understanding the Small Family Business , pp. 157—67. London: Routledge .

34.

Ramazanoglu, H.A. (1985) `A Political Analysis of Emergence of Turkish Capitalism, 1839—1950 , in H. A. Ramazanoglu (ed.) Turkey in World Capitalist System, pp. 222—48. Gower: Aldershot.

35.

Sharma, P. , Chua, J.H. and Chrisman, J.J. (2000) `Perceptions About the Extent of Succession Planning in Canadian Family Firms , Canadian Journal of Administrative Sciences 17(3): 233—44.

36.

Skinner, G.W. (1964) `A Test Case in Turkey , California Management Review 6(3): 53—66.

37.

Sozen, S. and Shaw, I. (2002) `The International Applicability of “New” Public Management: Lessons from Turkey , International Journal of Public Sector Management 15(6): 475—86.

38.

Stavrou, E.T. (2003) `Leadership Succession in Owner-managed Firms through the Lens of Extraversion , International Small Business Journal 21(3): 331—47.

39.

Terril, W.A. (1965) `Management Organizations and Methods in Turkey , Human Organization 24(2): 96—104.

40.

Trompenaars, F. and Hampden-Turner, C. (1998) Riding the Waves of Culture: Understanding Cultural Diversity in Global Business, 2nd edn. New York: McGraw-Hill.

41.

Venter, E. , Boshoff, C. and Maas, G. (2005) `The Influence of Successor-Related factors on the Succession Process in Small and Medium-Sized Businesses , Family Business Review 18(4): 283—303.

42.

Yurtoglu, B. (2000) `Ownership Structure of Turkish Listed Firms , The ISE Finance Award Series 1: 55—76.

43.

Ward, J.L. (1987) Keeping the Family Business Healthy. San Francisco, CA: Jossey-Bass.

44.

Westhead, P. (2003) `Succession Decision-making Outcomes Reported by Private Family Companies , International Small Business Journal 21(4): 369—401.

Succession Planning in Family-owned Businesses

Abstract

Keywords

Get full access to this article

References