First full-time job of descendents in the family business. A qualitative study in Colombia

Lozano P. Melquicedec, David Urbano

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Abstract

In the context of succession, this Colombian case study examines the first full-time job that de-scendents have in their family's business. Furthermore, it describes the main propositions-satisfaction and commitment-that relate to this first full-time job in the family business. The methodology includes in-depth interviews with descendents from four family business cases; the information was later submitted to qualitative analysis, based on the triangulation concept and the resources and ca-pacities theory. Results of the study highlight satisfaction and commitment as two components of the initial membership; likewise, items that constitute each of these components were determined, thereby extending, conceptually, the panorama related to the continuity of family businesses. In conclusion, this study shows that the propensity to experience more satisfaction and commitment with the first full-time job is quite related to the type of environment the descendants perceive and the possibility of satisfying their motivations.
Original languageEnglish
Pages (from-to)183-206
JournalRevista Venezolana de Gerencia
Volume15
Issue number50
Publication statusPublished - 1 Jan 2010

Keywords

  • Colombia
  • Commitment
  • Family business
  • Satisfaction
  • Succession

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