Factors Of Transferring Tacit Knowledge In Family Business Succession In Malaysia

Wellun, Fariha (2014) Factors Of Transferring Tacit Knowledge In Family Business Succession In Malaysia. Project Report. UTeM, Melaka, Malaysia. (Submitted)

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Abstract

This research covers knowledge management. Knowledge management is the power of collective wisdom to increase responsiveness and innovation. Knowledge management divides up with the unanticipated stimuli and creative unplanned reactions. Knowledge management consists of tacit knowledge. This research is to identify the factors of transferring tacit knowledge in family business succession. Tacit knowledge can become the valuable asset to help sustain the family business in future. Therefore this research is to explain the importance of relation between successor and predecessor; and characteristics of tacit knowledge transfer towards succession planning. Sample of 100 respondents from selected small medium entrepreneurs that related to family business have been collected. The SPSS 20.0 version has been used to analyse the data by using multiple regression analysis, Pearson Correlation analysis and crosstabulation data analysis. The result shows that relation between successor and predecessor is significant in transferring tacit knowledge towards succession planning. In conclusion, good relation between successor and predecessor can influence the process of transferring tacit knowledge in succession planning.

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