Innovation and Business Diversification for Family Business Continuity

Jing Yi Yong; Ryan  Federo Acosta

doi:10.1108/978-1-83753-760-020241009

Innovation and Business Diversification for Family Business Continuity

Jing Yi Yong, Ryan Federo Acosta

Departament of Business

Research output: Chapter in Book › Chapter › Research › peer-review

Abstract

The case study focuses on succession planning in a family business in Indonesia. The case highlights the company's communication barrier and points to the need for proper on-the-job training for employees and regular performance reviews to ensure employees remain motivated and focused on the business. Although Sabrina's family can overcome all the challenges in the family business, they strengthen the relationship between family members and employees who are always motivated and committed to the success of the business. Nevertheless, the family business needs to ensure innovation and business diversification to keep up with market trends and achieve business continuity.

Original language	English
Title of host publication	Asian Family Business Case Studies
Subtitle of host publication	The Role of Culture, Value and Identity in Succession and Resilience
Publisher	Emerald Publishing
Pages	83-89
ISBN (Electronic)	9781837537600
ISBN (Print)	9781837537600
DOIs	https://doi.org/10.1108/978-1-83753-760-020241009
Publication status	Published - 10 Jul 2024

Keywords

Succession planning
Innovation
Business diversification
Family business continuity
Business communication

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10.1108/978-1-83753-760-020241009Licence: CC BY

Cite this

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KW - Business communication

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Innovation and Business Diversification for Family Business Continuity

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Keywords

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