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

Date
2021-02-23Author
Dewi, Liliana
Wiryakusuma, I Gusti Bagus Yosia
Desiana, Fransisca
Metadata
Show full item recordAbstract
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.