Qualities of an Effective Successor: The Role of Education and Training

Posted: 9 Nov 2009

See all articles by J Lam

J Lam

affiliation not provided to SSRN

A.B Ibrahim

affiliation not provided to SSRN

Khaled Soufani

Concordia University, Quebec - Department of Finance

Panikkos Zatas Poutziouris

affiliation not provided to SSRN

Date Written: 2004

Abstract

Small family firms represent the predominant organizational form in Canada. They are perceived to be crucial to the development and growth of the Canadian economy. Despite this, scant attention is given to the study of human resource management practices in the specialist family business literature. A key human resource issue in family firms, which has been documented as a potential source of problems, is succession, selection and training. The objective of this research is to explore the qualities that are considered critical to an effective family business successor and discuss the crucial role that education and training could have in enhancing the qualities and skills of a successor. Results suggest that three factors are critical to an effective human resource strategy concerning the selection process of a successor. These include the successor's capacity to lead, his/her managerial skills and competencies, and the willingness and commitment of the successor to take over the family business and to assume a leadership role. (Publication abstract)

Keywords: Motivation, Employee management, Leadership, Family firms, Employee training, Management training, Succession

Suggested Citation

Lam, J and Ibrahim, A.B and Soufani, Khaled and Poutziouris, Panikkos Zatas, Qualities of an Effective Successor: The Role of Education and Training (2004). Education + Training, Vol. 46, Issue 8/9, p. 474-480 2004. Available at SSRN: https://ssrn.com/abstract=1500908

J Lam (Contact Author)

affiliation not provided to SSRN

A.B Ibrahim

affiliation not provided to SSRN

No Address Available

Khaled Soufani

Concordia University, Quebec - Department of Finance ( email )

Montreal, Quebec H3G 1M8
Canada
(514) 848-2926 (Phone)
(514) 848-4500 (Fax)

Panikkos Zatas Poutziouris

affiliation not provided to SSRN

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