IDEAS home Printed from https://ideas.repec.org/a/asi/joasrj/2014p649-663.html
   My bibliography  Save this article

Succession Planning As an Economic Education to Improve Family Business Performance in East Java Province of Indonesia

Author

Listed:
  • Sentot Imam Wahjono

    (Department of Technopreneurship, Universiti Teknikal Malaysia Melaka, Malaysia)

  • Wahjoedi

    (Economic Faculty, State University of Malang, Indonesia)

  • Syafei Idrus

    (Economic and Business Faculty, Brawijaya University of Malang, Indonesia)

  • J.G. Nirbito

    (Economic Faculty, State University of Malang, Indonesia)

Abstract

The aim of this paper is to determine the role of succession planning as part of economic education in improving family business performance. Research carried out by using qualitative approach with in-depth interview and outside observation as a technique. The data source is owner of 3 family businesses (6 peoples) as key informants and 6 experts as expertise informants. The data were processed using content analysis. The finding of this research is business start-up from own money and saving and from human capital on entrepreneurship that learn from family; succession planning are necessary but not easy; succession planning conduct after family business growth bigger; succession planning can improve family business performance; economic education in family can make succession planning in family business smoothly. The implication of these finding is need for economic education implemented in the family business, besides the necessary expansion of economic education in society, school and formal level with more focus to the family business.

Suggested Citation

  • Sentot Imam Wahjono & Wahjoedi & Syafei Idrus & J.G. Nirbito, 2014. "Succession Planning As an Economic Education to Improve Family Business Performance in East Java Province of Indonesia," Journal of Asian Scientific Research, Asian Economic and Social Society, vol. 4(11), pages 649-663, November.
  • Handle: RePEc:asi:joasrj:2014:p:649-663
    as

    Download full text from publisher

    File URL: http://www.aessweb.com/download.php?id=2908
    Download Restriction: no

    File URL: http://www.aessweb.com/journals/5003/November2014
    Download Restriction: no

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:asi:joasrj:2014:p:649-663. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Qazi Muhammad Imran). General contact details of provider: http://www.aessweb.com/ .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.