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Examining Young Entrant Motivations and their Connection to the Learning Organization of Family Businesses

Author

Listed:
  • Ildikó Marosi

    (Óbuda University)

  • Ferenc Katona

    (Óbuda University)

Abstract

One of the greatest challenges of family businesses is passing on ownership and/or management from one generation to another. The question of learning and teaching is unavoidable within this context. What kind of knowledge do the predecessor and the successor possess? Is the successor, who is probably the member of a younger generation, motivated to take over the business at all? What kind of tools do enterprises use to transfer knowledge? To answer the above questions, we conducted a research in the spring of 2014 with the help of 143 young people (between 18 and 33) with family business background. Based on the results, those young people who were planning to take over the family business seemed to be internally motivated, receiving further support from their family and organizational background. At the same time, they also seemed to be in the family socialization stage of the generational change process and they had not yet reached the stage of business socialization.

Suggested Citation

  • Ildikó Marosi & Ferenc Katona, 2015. "Examining Young Entrant Motivations and their Connection to the Learning Organization of Family Businesses," Proceedings- 11th International Conference on Mangement, Enterprise and Benchmarking (MEB 2015),, Óbuda University, Keleti Faculty of Business and Management.
    • Handle: RePEc:pkk:meb015:321-338
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    References listed on IDEAS

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    1. Rachid Zeffane, 2013. "Need For Achievement, Personality And Entrepreneurial Potential: A Study Of Young Adults In The United Arab Emirates," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 21(01), pages 75-105.
    2. Chrisman, James J. & Chua, Jess H. & Litz, Reginald, 2003. "A unified systems perspective of family firm performance: an extension and integration," Journal of Business Venturing, Elsevier, vol. 18(4), pages 467-472, July.
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