Management Succession: A Case Study of a Chemical Industry in Indonesia

Abstract

This study aims to determine whether conducting a succession management is crucial in improving the performance of family businesses. The type of research used in this study is a qualitative descriptive research. The method used by reviewing a case study. The data are collected via interviews, observations, and literature reviews. The participants of the study include the director and a second-generation successor from a chemical company in Indonesia. The selection of objects is based on a purposive sampling method with related selection based on accessibility between researchers and the research participants. The result of this study shows that managing succession with professional behavior will promote the performance of the company.