Succession Issues among Family Entrepreneurs in the Countrie Gulf Palliam, Ralph.
By: Palliam, Ralph
Material type:
ArticlePublisher: 2009Subject(s): Gulf Countries | Family Business | Family Entrepreneurs | Innovation | Institution Building | Spirit Of Entrepreneurship, Institution | Entrepreneurshiphip Research | Eighth Biennial Conference On Contempora | Biennial Conference Papers
In:
Eighth Biennial Conference on Contemporary Issues in Entrepr ResearchEighth Biennial Conference on EntrepreneurSummary: An entrepreneurs's lack of succession planning can lead to several failures, loss of jobs and a ripple effect on the economy. Small family business succession is gaining increased prominence particularly in Europe and the United States. In Arab societies, research projects on family entrepreneurial activities as well as family business succession have, however, been non existent. The fundamental reason for this stems from a cultural setting where an individual is gauranteed to emerge as a successor particularly when Arab families have large number of siblings and strong extended family relations. As many Arab societies are embracing Western values in terms of marriage and number of children per family, the issues relative to family business succession that are considered in the West will become major issues in Arab societies. This empirical study explores the transferability of theoretical constructs developed in an Anglo-American culture to the Gulf Cooperation Council (GCC) States. Cultural effects on succession are examined collectively within these six countries forming the GCC States where harmonious rather than contentious familial relationships are prevalent. The extent...
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Ahmedabad (HO) | (Browse shelf) | Vol. , Issue. | Available | 019463 |
An entrepreneurs's lack of succession planning can lead to several failures, loss of jobs and a ripple effect on the economy. Small family business succession is gaining increased prominence particularly in Europe and the United States. In Arab societies, research projects on family entrepreneurial activities as well as family business succession have, however, been non existent. The fundamental reason for this stems from a cultural setting where an individual is gauranteed to emerge as a successor particularly when Arab families have large number of siblings and strong extended family relations. As many Arab societies are embracing Western values in terms of marriage and number of children per family, the issues relative to family business succession that are considered in the West will become major issues in Arab societies. This empirical study explores the transferability of theoretical constructs developed in an Anglo-American culture to the Gulf Cooperation Council (GCC) States. Cultural effects on succession are examined collectively within these six countries forming the GCC States where harmonious rather than contentious familial relationships are prevalent. The extent...
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