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Research on the Impact of Successor Training Modes on Succession Performance in Family Business

In: Proceedings of the 2023 5th International Conference on Economic Management and Cultural Industry (ICEMCI 2023)

Author

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  • Qu Yawei

    (Southwest University, Westa College)

Abstract

Entering the high-quality development stage of family businesses in the new era, how to better meet the diversified needs in inheritance has become a vital issue. This paper focuses on the influence of training modes of family business successors and succession performance. Furthermore, this paper puts forward three industrial development strategies under the challenges brought by technology. First, the two-way migration strategy, balancing innovation and stability, achieves effective migration by improving the quality of training. Second, the shared governance strategy strengthens system optimization and decision support. Achieve intelligent decision-making and successor cultivation by establishing a regulation and governance system. Third, return to the essence. Seek the balance between tradition and innovation to ensure the inheritance and development of family businesses. Based on the comprehensive research results, this paper noted that the sustainable development of family businesses and the improvement of succession performance can be achieved by improving the training model, standardizing management, strengthening technical support, and responding to challenges.

Suggested Citation

  • Qu Yawei, 2024. "Research on the Impact of Successor Training Modes on Succession Performance in Family Business," Advances in Economics, Business and Management Research, in: Feng-xia Cao & Satya Narayan Singh & Ahmad Jusoh & Deepanjali Mishra (ed.), Proceedings of the 2023 5th International Conference on Economic Management and Cultural Industry (ICEMCI 2023), pages 646-652, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-368-9_77
    DOI: 10.2991/978-94-6463-368-9_77
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