Identify the Success Factors of Sustainability Business: Family Business in Indonesia

Abstract

This research was conducted with the aim of identifying important factors for the sustainability of family businesses in Indonesia. This research was conducted at three family companies in Indonesia which are engaged in processing business permits, souvenir shops and selling containers. The method used is qualitative based on semi-structured interviews. The research findings, namely the division of tasks, involvement of family members according to their interests, early involvement in the family business, and the existence of business partners according to the needs of the family business are the keys to the success of the family business sustainability. The unique finding in this study is that the involvement of future generations according to their interests actually determines the sustainability of the family business. This is a lesson for other family businesses to succeed in their business sustainability by applying the keys to success.