Designing strategies for managing family business succession during the transitional period : Case of ACCEC
Liu, Zhong (2013)
Liu, Zhong
Kemi-Tornion ammattikorkeakoulu Lapin ammattikorkeakoulu
2013
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2013120720357
https://urn.fi/URN:NBN:fi:amk-2013120720357
Tiivistelmä
This research aims at researching the current situation and obstacles facing Anyi County Construction Engineer company. In addition, the research seeks to find out how to manage the business succession in the family business during the transitional period of the case company. Furthermore, the objective of my research is to provide guidelines for implementing family business succession in the transitional period by designing a strategy for the case company. This research was commissioned by the owner of the case company.
I studied previous research and literature on the concept of Family business and Family business succession in this Thesis work. Besides, the theories on the topics of Family business or Family enterprises are used in my study for the theoretical discussions of this Thesis work, i.e. The compact review of core characteristics are in family businesses and the corporate governance occurs in family businesses. This research gathered these related sources in order to find out the current situation be faced in the family business in general review. Furthermore, how to implement family business succession is based on the theories of the rights of family businesses and the power of transmission of the family businesses.
This qualitative research was conducted as a single case study for the case company called ACCEC. This research draws from the exploratory research approach. Besides, I used the relevant printed documentation for the analyses in this research. In addition, I interviewed the CEO and the secretary of the CEO in ACCEC separately, in order to find out the different perspectives and expectations concerning the family business succession in relation to the theoretical discussions. Moreover, with the help of the theoretical discussions and the two interviews, the quantitative research was conducted by the questionnaire survey to find out the current situation that is associated with the case company and discover the expectations of family business succession from the employees' perspectives.
The results of this research highlights the current situation of the family business in ACCEC. The results of the research are valuable for the case company. The outcomes of this research pointed out that there are mainly two obstacles concerning the family business succession in ACCEC, i.e. The case company does not have a proper successor, the family governance issues have an impact on the family business succession of ACCEC. In other words, the family governance issues of ACCEC which are aspects of the poor management mode and feudal family culture.
On the basis of this research finding, the analysis tool ‘A confrontation matrix’ is applied to provide strategies for the successor plan and put forward suggestions for tackling the family governance issues for the case company in the transitional period.
I studied previous research and literature on the concept of Family business and Family business succession in this Thesis work. Besides, the theories on the topics of Family business or Family enterprises are used in my study for the theoretical discussions of this Thesis work, i.e. The compact review of core characteristics are in family businesses and the corporate governance occurs in family businesses. This research gathered these related sources in order to find out the current situation be faced in the family business in general review. Furthermore, how to implement family business succession is based on the theories of the rights of family businesses and the power of transmission of the family businesses.
This qualitative research was conducted as a single case study for the case company called ACCEC. This research draws from the exploratory research approach. Besides, I used the relevant printed documentation for the analyses in this research. In addition, I interviewed the CEO and the secretary of the CEO in ACCEC separately, in order to find out the different perspectives and expectations concerning the family business succession in relation to the theoretical discussions. Moreover, with the help of the theoretical discussions and the two interviews, the quantitative research was conducted by the questionnaire survey to find out the current situation that is associated with the case company and discover the expectations of family business succession from the employees' perspectives.
The results of this research highlights the current situation of the family business in ACCEC. The results of the research are valuable for the case company. The outcomes of this research pointed out that there are mainly two obstacles concerning the family business succession in ACCEC, i.e. The case company does not have a proper successor, the family governance issues have an impact on the family business succession of ACCEC. In other words, the family governance issues of ACCEC which are aspects of the poor management mode and feudal family culture.
On the basis of this research finding, the analysis tool ‘A confrontation matrix’ is applied to provide strategies for the successor plan and put forward suggestions for tackling the family governance issues for the case company in the transitional period.