Generation Gap at PT Dharma Samudera Fishing Industries Tbk

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Date
2016-08-23Author
Saputra, Ignatius Teodore Teddy
Tjandrawibawa, Paulina
Christina, Christina
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Family businesses make up more than 60% of all listed companies in South-east Asia and its
succession is considered as one of the company priorities. In Indonesia, about 30% of family-owned
businesses survive into the second generation, 10% make it to the third generation, and only 2% make
it to the fourth generation. The decline of family business continuity is affected by several factors and
the main factor is succession management. Family business succession can be done by preparing and
equipping the successors for a business transition and in this case, Dharma Samudera Fishing
Industries Ltd has planned the succession. The purpose of this paper is to examine the differences
between first and second generationmindset and decision making style in Dharma Samudera Fishing
Industries Ltd. The paper sets outgeneration gap in Dharma Samudera Fishing Industries Ltd that can
be auseful information for other family business enterprises.