THE FACTORS THAT INFLUENCE SUCCESS SUCCESION IN FAMILY BUSINESS A CAS E IN FUJIAN, CHINA

Abstract

This research aims to study Factors Influence Success Succession in Family Business: Research Case in Fujian, China. This research studied non-family members within top management, decision making authority, succession planning and founder influence. However, research indicated that other factors such as success influence, successor influence, going public and financial management are not relevant factors influencing family business. Data collection using random method in 3 city of FuJian include interview and friendship help. The sample size consist 300 people covering three aspects about food restaurant, clothes and leisure elegant drink shop in cities PuTian, QuanZhou and ShiShi from FuJian province . The finding result show the factors influencing the success of family business succession in Fujian are (Non-Family Members within Top Management, Decision Making Authority, Founder Influence and Successor Influence, Going Public and Strategic Planning), according to postulated, while the other factors (Succession Planning and Financial Management) have not obvious influencing contrary to what has been postulated in the beginning of the research. Improve the good practice of succession planning, pay attention to preparation for succession process, play more active role for the successor, cultivate successor approvability to family business through external and internal factor, founder participate company activities frequently.