Communicating innovation and sustainability in family businesses through successions

ABSTRACT: Small and Medium Enterprises (SMEs) contribute significantly to the economy despite the survival rate becomes lower through generations. This study aims to develop a communication model suitable for SMEs during succession for innovation and business sustainability. Nine innovative manufacturing family SMEs in Thailand are selected using assembled multiple-case study method, and in-depth individual interviews are conducted using data triangulation method which the incumbents, successors, and long-serving non-family employees as participants from each business. There are two main findings. Issues regarding organizational innovation, social capital in the form of internal and external network relationships, traditional and territorial knowledge, succession planning and procedure, and sustaina

SUBMITTER: Somboonvechakarn C 

PROVIDER: S-EPMC9719896 | biostudies-literature | 2022 Nov

REPOSITORIES: biostudies-literature