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The art of ‘good conversations’: a strategy to negotiate succession within South Asian family firms
Author(s) -
JanjuhaJivraj Shaheena,
Woods Adrian
Publication year - 2002
Publication title -
strategic change
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.527
H-Index - 16
eISSN - 1099-1697
pISSN - 1086-1718
DOI - 10.1002/jsc.615
Subject(s) - ecological succession , negotiation , context (archaeology) , family business , succession planning , work (physics) , sociology , period (music) , management , business , marketing , economic geography , history , economics , social science , engineering , aesthetics , archaeology , ecology , mechanical engineering , philosophy , biology
A large proportion of the Asian business community in Britain is experiencing generational succession for the first time. [Within the context of this paper Asian refers to businesses whose founders originate from the Indian sub‐continent.] This paper explores the impact of transition within this group by incorporating family dynamics and influencing cultural factors. Successional transition within family businesses is acknowledged as a turbulent period. Most academic work on succession originates from Anglo‐Saxon research polarizing the family and business. Typical approaches to succession are grounded in stage development models. This paper argues that succession is a process that cannot be guided by adopting such approaches due to the interaction of family and business. This paper proposes ‘Good Conversations’ (Bird, 1990) as a means of preparing to negotiate succession. Copyright © 2002 John Wiley & Sons, Ltd.