THE SUCCESSION PROGRAM PLANNING OF DAMAI SEJAHTERA FAMILY BUSINESS

Abstract

This research was conducted to describe the succession program planning at Damai Sejahtera family business. This research was a qualitative design in which the data were gained through conducting survey supported with non-participative observation and in-depth interview for unconfirmed answer given. Four internal informants of Damai Sejahtera were interviewed to gain the data needed. The informants were the CEO, the wife of CEO as the family member, the employee as a CEO’s confidant, and the future successor. The succession program planning of Damai Sejahtera covered five basic factors of succession planning, namely the CEO preparation, the business preparation, the successor development, the family preparation, and the owner preparation in order to find out the readiness of the business and the family to the succession program that would be implemented. The result of the research concluded that Damai Sejahtera is not ready for succession program planning program and has to follow managerial implications that covers 5 basic factors proposed by Aronoff.