Everything seemed to be going in the right direction with the choice of successor, until the founder fell ill and things went downhill

Puteri Sofia Amirnuddin, Thivashini B. Jaya Kumar, Kok Wei Khong

    Research output: Chapter in Book/Conference proceedingBook Chapterpeer-review

    Abstract

    This case concerns a family business in relation to renewable energy, prop-erty investment, construction services, civil engineering and mechanical and electrical engineering services. The family business was established by two founders who have subsequently appointed their children to handle the management side of the company. The case illustrates the importance of grooming founders' children with technical knowledge and skills in relation to the business area of specialisation. The case also reflects that an autocratic style of management by the founder can form a fragile organisation. When the founder becomes ill, trouble looms as everyone becomes lost when it comes to business direction particularly in times of unprecedented pandemic. This case shows what can happen when there is lack of communication, reasoning and succession planning can do to a family business.

    Original languageEnglish
    Title of host publicationAsian Family Business Case Studies
    Subtitle of host publicationThe Role of Culture, Value and Identity in Succession and Resilience
    PublisherEmerald Publishing
    Pages61-71
    Number of pages11
    ISBN (Electronic)9781837537600
    ISBN (Print)9781837537617
    DOIs
    Publication statusPublished - 10 Jul 2024

    Keywords

    • Autocratic management
    • Family business
    • Knowledge transfer
    • Private limited company
    • Succession planning

    ASJC Scopus subject areas

    • General Economics,Econometrics and Finance
    • General Business,Management and Accounting

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