Succession planning in minority ethnic family enterprises

Claire Seaman, Rita Welsh and Richard Bent

International Journal of Entrepreneurship and Small Business, 2013, vol. 20, issue 4, 402-419

Abstract: The paper presents interview findings derived from a sample of small Scottish businesses. Owners comments form case studies of succession planning and describe associated decision making processes of ownership, transfer and control, inter-generational relations and kinship networks. Timing, cultural knowledge and conflict resolution are seen as keys to successful succession. The units are located in the east of Scotland and are first/second generation South Asian owned enterprises. From this exploratory work, we question whether exiting formal models of support (based upon larger firms) can assist SME owner managers in planning their succession processes, and the paper highlights a need to embed support within government policy initiatives and delivery mechanism more appropriate to the needs of smaller companies.

Keywords: ethnic minorities; family businesses; family enterprises; family firms; succession planning; SMEs; small and medium-sized enterprises; ethnic enterprises; ethnic entrepreneurship; government policy; support; Scotland; South Asia; decision making; ownership; transfer; control; inter-generational relations; kinship networks; timing; cultural knowledge; culture; conflict resolution. (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=57199 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijesbu:v:20:y:2013:i:4:p:402-419

Access Statistics for this article

More articles in International Journal of Entrepreneurship and Small Business from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().