A Black Swan in Malaysian Chinese Family Business Succession: A Case Study

Author:

Jesrina Ann Xavier ,Khai-Siong Gan

Abstract

This article explores the impact of the highly improbable in a transgenerational succession of a Malaysian Chinese family business. Through an exploratory case study of succession in a Malaysian Chinese family business, a Black Swan in succession was identified, arising from unexpected changes in the business. Findings show that the predecessor did not expect his children; the successors, to take over the family business, as the successors were being groomed to pursue professional careers. Through an unexpected twist of events, the successors were able to take over and manage the family business, causing an impact to the future of this family business. This article demonstrates that the Black Swan theory may be applicable in the process of succession, causing a significant impact in a small Malaysian Chinese family business. This article is based on one case study. Hence, it should be noted that a case study should be judged based on transferability, not generalizability. This case study shows that a successful unexpected succession without any long-term preparation before a transition is possible. Education plays an important role in strengthening one’s entrepreneurial skills. This then facilitates a cross-generational innovation in a family business, successfully generating a notable impact to the growth of this family business.

Publisher

UNIMAS Publisher

Subject

Strategy and Management,Economics and Econometrics,Finance,Business and International Management

Cited by 2 articles. 订阅此论文施引文献 订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献

1. Impacts of digital inclusive finance on household entrepreneurship;Finance Research Letters;2023-09

2. How to win the succession race: empirical analysis of Palestinian family businesses;Journal of Entrepreneurship in Emerging Economies;2023-01-18

同舟云学术

1.学者识别学者识别

2.学术分析学术分析

3.人才评估人才评估

"同舟云学术"是以全球学者为主线,采集、加工和组织学术论文而形成的新型学术文献查询和分析系统,可以对全球学者进行文献检索和人才价值评估。用户可以通过关注某些学科领域的顶尖人物而持续追踪该领域的学科进展和研究前沿。经过近期的数据扩容,当前同舟云学术共收录了国内外主流学术期刊6万余种,收集的期刊论文及会议论文总量共计约1.5亿篇,并以每天添加12000余篇中外论文的速度递增。我们也可以为用户提供个性化、定制化的学者数据。欢迎来电咨询!咨询电话:010-8811{复制后删除}0370

www.globalauthorid.com

TOP

Copyright © 2019-2024 北京同舟云网络信息技术有限公司
京公网安备11010802033243号  京ICP备18003416号-3