The Impact Of Performance Family Business Implement Succession Planning: Study In SMEs Melaka, Malaysia

Ahmad Jalal, Norsyazwani (2017) The Impact Of Performance Family Business Implement Succession Planning: Study In SMEs Melaka, Malaysia. Project Report. UTeM, Melaka, Malaysia. (Submitted)

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Abstract

Family businesses can increase the economic system in Malaysia and with the Small and Medium Enterprises (SMEs) also can improve the gross domestic product. Family business in SMEs that conduct succession planning needs to achieve the criteria required for the performance of family businesses successfully. Overall, the objective of this study is to examine the factors that can affect the performance of the current family business succession planning process and to know the dominant factors that impact business performance over the family business. The surveys will be distributed to identify several factors that help improve the performance of family businesses that also been described in this study. The SPSS is using for know the outcomes of dominant factors that impact family business by analyze the pilot test using validity and reliability. Plus, correlation coefiicient and multiple linear regression also used for examined the factors performance family business and to know dominant factors among four factors in this research. The analysis finding found that three factors that impact the family business performance which are leadership style, succession plans and founder influencer. Hence, the most factor that impact family business performance is succession plans. The important of succession plans in every family business is to help business in preparing properly after the absence of founders. The dominant factors have the great impact to family business. The performance of family business indicates that leadership style and founder influencer plays a role during succession plans. The researcher would like to suggest doing one plan in every family business that explaining the method of generational transition hoping that next founder could make a good preparation.

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