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Research on 4E Model of Successor Competencies in Family Business

Author

Listed:
  • Lixia Wang

    (School of business, Shanghai Dianji University, Shanghai, China)

  • Yuan Jiang

    (��SILC business school, Shanghai University, Shanghai, China)

  • Ningning Xu

    (��SILC business school, Shanghai University, Shanghai, China)

Abstract

“Son inherits father’s business†remains the predominant mode of intergenerational inheritance within family businesses. The identification and cultivation of successor competencies are particularly crucial for the survival and sustainable development of these enterprises. This paper gathers textual data through a large-scale distribution of open-ended questionnaires, supplemented by in-depth interviews with founders of family businesses. Subsequently, we systematically encode and analyse this textual data using grounded theory. Ultimately, this paper constructs a “4E†competency model for successors, which encompasses four key competency elements: Education, Experience, Exploration and Entrepreneurship.

Suggested Citation

  • Lixia Wang & Yuan Jiang & Ningning Xu, 2024. "Research on 4E Model of Successor Competencies in Family Business," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 32(02), pages 91-110, June.
    • Handle: RePEc:wsi:jecxxx:v:32:y:2024:i:02:n:s0218495824500043
    DOI: 10.1142/S0218495824500043
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    Keywords

    Family business; intergenerational inheritance; competency of successor; 4E competency model;
    All these keywords.

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • M51 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Firm Employment Decisions; Promotions
    • M52 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Compensation and Compensation Methods and Their Effects
    • M53 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Training

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