Succession Patterns And Continuity Of Third Generation Filipino Chinese Family Owned Businesses: A Multiple Case Study  

Oleh:

Mazo, Carmen E. ; Jr., Leonardo M. Canoy

Jenis: Article from Proceeding
Dalam koleksi: Proceeding IConEnt 2016 (International Conference on Entrepreneurship) : How Innovation could Improve the Performance and Productivity in Entrepreneurship?, page 137-168.
Topik: third generation businesses; succession patterns; family owned businesses; continuity; niche market.
Fulltext: Carmen E. Mazo, Leonardo M. Canoy.pdf (375.45KB)

Isi artikel

This research examined ways in which patriarchal cultural systems in Metro Manila’s Filipino Chinese family owned businesses respond to various social and economic changes that often challenge their survival and continuity. Issues of intergenerational succession, specifically, the third generation and how these small and medium sized businesses managed to transfer leadership and ownership to family members successfully are discussed lengthily in this paper. The research focused on succession patterns and how third generation owner managers managed to remain successful and self-sustaining over the years while operating in niche markets. Nine small and medium sized third generation family owned businesses under trading, service and manufacturing industry in Metro Manila were observed and interviewed. Findings showed that there is no proper succession pattern in Filipino Chinese family businesses but is mostly dependent on the family and business structure and most importantly the family values and relationships. Also significant findings showed that continuity of the family business is dependent on the family values of the successor, the business structure and his relationships to the stakeholders.

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