The impact of personal culture on Sophisticated succession planning by Owner-managers of SMEs in Malaysia
The shortage of younger employees to replace retiring baby boomers necessitates the cultivation of capable management executives to assure suitable leaders are ready for appointment. This research study specifically focuses on SMEs in Malaysia to investigate if owner-managers' personal culture would have an impact on the degree of sophistication of succession planning system. Based on the data collected from 105 SMEs and analyzed with SPSS, key findings are that individual culture namely stimulation and conformity have significant relationship with the degree of sophistication of succession management plans. Theoretical and managerial implications are discussed.
Academy of Entrepreneurship Journal
Self-archiving of the author-manuscript version is not yet supported by this journal. Please refer to the journal link for access to the definitive, published version or contact the authors for more information.
Business and Management not elsewhere classified