Competency requirements of first-generation founders to second-generation successors : a case study of an investigation of family enterprises in Zhangjiang city

Abstract

Family business is a very representative business model, with a certain particularity; kinship for family business is an intangible advantage; and family members often have a higher sense of identity and responsibility for the business. Definitely, family businesses also have many drawbacks. As the first generation of founders are about to step down, the intergenerational inheritance of family businesses is gradually prominent. This paper adopts literature research, field interviews, questionnaire investigation and case analysis and other research methods, based on the entrepreneur theory, enterprise life cycle theory and the theory of competency model research, design, basic rules of questionnaire and interview to understand the generation of the founder of the second generation of Zhanjiang successor competence requirements, simultaneously to Zhanjiang City family business successors and their competence to investigate the situation. Through the investigation, it is found that there are some problems of the competence of the successors of family enterprises in Zhanjiang City. Combined with the actual investigation and analysis of the causes of the problems, the study proposes the countermeasures to improve the competence of the successors of family enterprises in Zhanjiang City, in order to effectively solve the severe intergenerational inheritance problems faced by family enterprises in Zhanjiang City.