To read the full version of this content please select one of the options below:

Qualities of an effective successor: the role of education and training

A.B. Ibrahim (Canadian Imperial Bank of Commerce Distinguished Professor of Family Business at the John Molson School of Business, Concordia University, Montreal, Canada)
K. Soufani (Assistant Professor, at the John Molson School of Business, Concordia University, Montreal, Canada)
P. Poutziouris (Professor, Manchester Business School, University of Manchester, Manchester, UK)
J. Lam (PhD Candidate, Concordia University, Montreal, Canada)

Education + Training

ISSN: 0040-0912

Publication date: 1 October 2004

Abstract

Small family firms represent the predominant organizational form in Canada. They are perceived to be crucial to the development and growth of the Canadian economy. Despite this, scant attention is given to the study of human resource management practices in the specialist family business literature. A key human resource issue in family firms, which has been documented as a potential source of problems, is succession, selection and training. The objective of this research is to explore the qualities that are considered critical to an effective family business successor and discuss the crucial role that education and training could have in enhancing the qualities and skills of a successor. Results suggest that three factors are critical to an effective human resource strategy concerning the selection process of a successor. These include the successor's capacity to lead, his/her managerial skills and competencies, and the willingness and commitment of the successor to take over the family business and to assume a leadership role.

Keywords

Citation

Ibrahim, A.B., Soufani, K., Poutziouris, P. and Lam, J. (2004), "Qualities of an effective successor: the role of education and training", Education + Training, Vol. 46 No. 8/9, pp. 474-480. https://doi.org/10.1108/00400910410569597

Publisher

:

Emerald Group Publishing Limited

Copyright © 2004, Emerald Group Publishing Limited