Research on 4E Model of Successor Competencies in Family Business

Lixia Wang, Yuan Jiang () and Ningning Xu ()
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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

Journal of Enterprising Culture (JEC), 2024, vol. 32, issue 02, 91-110

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.

Keywords: Family business; intergenerational inheritance; competency of successor; 4E competency model (search for similar items in EconPapers)
JEL-codes: G34 M51 M52 M53 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1142/S0218495824500043

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