Identifier

etd-02012016-171039

Degree

Doctor of Philosophy (PhD)

Department

Human Resource Education and Workforce Development

Document Type

Dissertation

Abstract

The primary purpose of this study was to determine the influence selected aspects of succession planning and selected demographic characteristics had on the level of success in the succession of family owned businesses (FOB¡¯s) in south Louisiana. To achieve this, the researcher designed a survey instrument to collect data. A total of 61 FOB¡¯s responded indicating they completed succession; however, only 23 or (38%) completed a planned succession to the next generation. An important finding was that having a high quality succession plan had a positive influence on the perceptions of family owned business owners and managers. Another important finding was respondents perceived that planning for succession was important. Perceptions were measured based on a four point Likert-type scale, indicating mean values with a range from 3.52 (strongly agree) to 2.61 (agree). It was based on these findings that the researcher recommended this study be replicated with a larger sample size to further determine the influence that quality of plan has on perceptions of succession planning. In addition, the researcher recommended that organizations that provide consulting services, professional development and support to family businesses, such as family owned business centers connected with universities, local chambers of commerce, and corporate accounting firms, add programs that will educate family business owners and managers on the importance of succession planning and the steps necessary for preparing a quality succession plan. It was based on these findings that the researcher recommended this study be replicated to determine if perceptions of FOB owners and managers regarding their agreement with successful succession items can be confirmed. Also, that ¡°Planning for succession early is important to a successful succession¡± and ¡°Planning had a positive effect on the overall succession process¡± report mean values ¡Ý 3.50. In addition, structured qualitative studies should be conducted to understand the perceptions of why planning is important in family owned business and how and why it increases success.

Date

2016

Document Availability at the Time of Submission

Secure the entire work for patent and/or proprietary purposes for a period of one year. Student has submitted appropriate documentation which states: During this period the copyright owner also agrees not to exercise her/his ownership rights, including public use in works, without prior authorization from LSU. At the end of the one year period, either we or LSU may request an automatic extension for one additional year. At the end of the one year secure period (or its extension, if such is requested), the work will be released for access worldwide.

Committee Chair

Richardson, William

DOI

10.31390/gradschool_dissertations.3419

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