Authors :
JULIUS C. GETIGAN
Volume/Issue :
Volume 9 - 2024, Issue 6 - June
Google Scholar :
https://tinyurl.com/mr3xbxp9
Scribd :
https://tinyurl.com/2p9juwd8
DOI :
https://doi.org/10.38124/ijisrt/IJISRT24JUN1291
Note : A published paper may take 4-5 working days from the publication date to appear in PlumX Metrics, Semantic Scholar, and ResearchGate.
Abstract :
This qualitative multiple case study aimed to explore strategies that managers/owners of family-owned businesses
used to prepare future generations to assume managerial roles in the business. They were chosen through maximum
variation sampling. The experiences and coping strategies of the five cases were examined using in-depth interviews.
Triangulations of the gathered data was done in each case by interviewing their family members and friends and
examination of historical documents. It was analyzed using thematic analysis resulting to five emergent themes on
merchandizing business as regards succession planning: business continuity, hands-on training, formal education and
coaching, motivational leadership, and job description formulation. The emergent themes for coping mechanism included
the following: learning by doing, transparent selection process, and crisis management strategy. The five cases were not
generally similar as there were only two cases who have similar declaration on their experiences on merchandizing
business as regards to succession planning. As regards their coping strategies, one of the five cases adopted some
approaches different from the rest of the cases.
Keywords :
Business Management, Succession Planning, Family-Owned Merchandizing, Multiple Case Study, Philippines
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- Gallo, E. (2013). Investing in future generations: Evolution of the business skills trust.Journal of Financial Planning, 26(6), 44–-45. Retrieved from http://www.fpanet.org/journal
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This qualitative multiple case study aimed to explore strategies that managers/owners of family-owned businesses
used to prepare future generations to assume managerial roles in the business. They were chosen through maximum
variation sampling. The experiences and coping strategies of the five cases were examined using in-depth interviews.
Triangulations of the gathered data was done in each case by interviewing their family members and friends and
examination of historical documents. It was analyzed using thematic analysis resulting to five emergent themes on
merchandizing business as regards succession planning: business continuity, hands-on training, formal education and
coaching, motivational leadership, and job description formulation. The emergent themes for coping mechanism included
the following: learning by doing, transparent selection process, and crisis management strategy. The five cases were not
generally similar as there were only two cases who have similar declaration on their experiences on merchandizing
business as regards to succession planning. As regards their coping strategies, one of the five cases adopted some
approaches different from the rest of the cases.
Keywords :
Business Management, Succession Planning, Family-Owned Merchandizing, Multiple Case Study, Philippines