SUCCESSION PLANNING IN THE FAMILY BUSINESS (A Case Study of Sampurna Photo Studio)

Dinari, Ria Arnandra (2008) SUCCESSION PLANNING IN THE FAMILY BUSINESS (A Case Study of Sampurna Photo Studio). S1 thesis, UAJY.

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Abstract

The main purpose of the study is analyzing the strategies of succession planning that has been done by Sampurna Photo Studio as one of the family-owned business and also the obstacles in the succession planning in the Sampurna Pgoto Studio. The research method used in this research is qualitative research by in-depth individual interview. The finding of the research state that succession planning is very important in the family business, so there will be no conflict between the successors. The owner of Sampurna photo studio has already made some steps of strategy to do the succession planning to make this family business survive even though not in the written form. The strategies consist of some steps, which are owner- managed business, training and development of new generation (initiation phase), partnership between generations (selection and education phase), and finally transfer of power to the next generation. The obstacles in this process are different opinions among the family members, fear of change from the employees, jealousy / rivalry toward successor, and clients or suppliers depend on the founder and clients or suppliers do not trust or have confidence in the potential successor.

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