Proceedings of the 5th Bandung Creative Movement International Conference on Creative Industries 2018 (5th BCM 2018)

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Leadership Succession in A Family Owned Business (A Case Study of CV. Faresti Prima in Bandung)

Authors
Mediany Putri, Tri Djatmiko
Corresponding Author
Mediany Putri
Available Online July 2019.
Keywords
family owned business, succession process, leadership succession, successor, values, knowledge
Abstract

Family companies play important roles in the economy of Indonesia. In Indonesia, 96% or 159,000 out of 165,000 existing companies are family owned companies. Based on Central Bureau data Statistics family owned companies in Indonesia are private companies that have great contribution as much as 82.44% to Gross Domestic Product. In another study, a survey shows that 88% of private companies in Indonesia are family owned businesses and from those companies the ones who can survive until fourth generation are only 5%. The author wants to research on how to prepare and conduct a succession of leadership between the second generation and the third in CV Faresti Prima. The author performs data collection by method of interviews with the current corporate leaders. Testing validity of data is done by using triangulation test source. From the research the results show that the transfer of values and leadership knowledge was satisfying. Leaders transfer the values of leadership by being a tangible example for a potential successor within the family or the company. While the transfer of leadership knowledge is done by communicating any knowledge related to company to the potential successors.

Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 5th Bandung Creative Movement International Conference on Creative Industries 2018 (5th BCM 2018)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
July 2019
ISBN
null
ISSN
2352-5398
Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

risenwbib
TY  - CONF
AU  - Mediany Putri
AU  - Tri Djatmiko
PY  - 2019/07
DA  - 2019/07
TI  - Leadership Succession in A Family Owned Business (A Case Study of CV. Faresti Prima in Bandung)
BT  - Proceedings of the 5th Bandung Creative Movement International Conference on Creative Industries 2018 (5th BCM 2018)
PB  - Atlantis Press
SP  - 325
EP  - 332
SN  - 2352-5398
UR  - https://www.atlantis-press.com/article/125910951
ID  - Putri2019/07
ER  -